|Bid||153.41 x 1200|
|Ask||154.14 x 1200|
|Day's Range||153.50 - 154.82|
|52 Week Range||108.45 - 154.82|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||13.78|
|Earnings Date||Jan 15, 2020|
|Forward Dividend & Yield||4.60 (3.02%)|
|1y Target Est||151.60|
Fifth Third Bank remains the frontrunner in the region's local deposit market, seeing a boost in local deposits and market share.
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Longs Pharmacy Solutions (Longs), a portfolio company of Tailwind Capital (Tailwind), on its sale to PharMedQuest, a portfolio company of Kinderhook Industries, LLC (Kinderhook). Longs provides pharmacy management services and specialty pharmacy operations. The transaction was led by Cheairs Porter, Paul Hepper, Nick Owens, Tyler Bradshaw, Andrew Hoft and Cameron Thomas of the Harris Williams Healthcare & Life Sciences (HCLS) Group.
The region’s next 75 years is kicking off with the ambitious goal of creating 75,000 new jobs within the next decade, which would in turn spur $150 million in tax revenue. “We lock arms and double down,” Stefani Pashman, president and CEO, said at the Allegheny Conference on Community Development’s annual meeting Tuesday. The Allegheny Conference, formed in 1944, spent much of 2019 canvassing business and community leaders and regular citizens throughout the 10-county region to assemble a massive agenda of goals and priorities and winnowed this to the themes of thriving people, quality of place and strong, inclusive economy.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees in 2019 amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]
“We carefully selected the Denver market… mainly due to its impressive economy, entrepreneurial spirit and potential for additional growth."
The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking in a moderated discussion format at 1:30 p.m. (ET) Tuesday, Dec. 10, at the Goldman Sachs US Financial Services Conference in New York City.
If there has been one unwavering point Bill Demchak has made during almost every quarterly earnings call in the past six years and just about every investor conference where he’s presented, it’s this: PNC Financial Services Group Inc. isn’t looking to buy banks. PNC (NYSE:PNC) hasn’t done so since its 2012 purchase of RBC Bank USA, based in Raleigh, North Carolina, the deal that took Pittsburgh’s largest bank into the deep south.
Federated Investors (FII) concludes reorganization of 18 PNC equity, fixed-income and liquidity mutual funds into 16 corresponding Federated mutual funds.
Goose isn't cooked but the price keeps rising, as Pittsburgh bank calculates the value of the gifts in "The 12 Days of Christmas" for the 36th consecutive year.
-- PNC celebrates 36th year of tallying the cost of the gifts in the classic holiday song -- Gold rings in the season; turtle dove prices head south -- Overall costs stay flat after a 1.2% increase in ...
Citizens Bank plans to close its Canonsburg branch early next year, according to a regulatory filing. It is among six that the Providence, Rhode Island-based financial institution expects to shutter near-term across its footprint, but the only one in the 10-county Pittsburgh metro. The Canonsburg branch, located at 1 East Pike Street, will close on Feb. 19, confirmed Rory Sheehan, Citizens (NYSE:CFG) vice president, media relations.
The top executive at Pittsburgh’s biggest bank took home close to $20 million from the sale of company stock, his third and largest divestiture so far in 2019. Bill Demchak, chairman, president and CEO at PNC Financial Services Group Inc., sold 129,400 shares of PNC stock at approximately $152 per share on Nov. 8, which translates to about $19.7 million, according to a filing with the U.S. Securities and Exchange Commission. The day before, PNC (NYSE:PNC) common stock hit a 52-week high of $154.75 per share.
PNC Financial Services Group Inc. said the problems stem from upgraded security measures but that it continues to support clients’ transactions through third-party apps. Plaid said it’s been hearing from PNC customers for two months. “We’ve been providing secure connections between financial institutions and apps for seven years and typically see banks make changes that ensure consumers have safe and seamless access to their apps,” John Pitts, head of policy and advocacy at Plaid, said via email.
Gus Faucher, chief economist at PNC Financial Services Group Inc., shared his thoughts at a luncheon on Wednesday at Quail Hollow Club in Charlotte.
Hawthorn, PNC Family Wealth, on Tuesday announced the launch of the Hawthorn Institute for Family Success, a new suite of specialized services available to clients to help them and their families thrive and successfully transfer wealth across generations. It is part of Pittsburgh-based PNC Financial Services Group Inc. Alexandre Monnier has been appointed to lead the implementation of this offering as Hawthorn’s managing director of wealth sustainability.
PITTSBURGH, Nov. 12, 2019 /PRNewswire/ -- Hawthorn, PNC Family Wealth®, announced today the launch of the Hawthorn Institute for Family Success – a new suite of specialized services available to its clients to help them and their families thrive and successfully transfer wealth across generations. Alexandre Monnier has been appointed to lead the implementation of this offering as Hawthorn's managing director of Wealth Sustainability. Hawthorn has created the Institute for Family Success because we recognize that it's critical to prepare both the wealth for the family and the family for the wealth," said Nicole Perkins, head of Hawthorn.
Canadian Imperial (CM) to divest 66.7% stake in CIBC FirstCaribbean to GNB Financial amid tough operating scenario in the Caribbean market.
Pittsburgh’s largest financial institution was ranked No. 3 in the Midwest by small business customers who use mobile banking, according to the J.D. Power 2019 U.S. Small Business Banking Satisfaction Study. Huntington Bancshares, based in Columbus, Ohio, was No. 1 with 852 points and JPMorgan Chase & Co., based in New York, was second with 830 points. Huntington (Nasdaq:HBAN) and Chase (NYSE:JPM) also have branches in Pittsburgh.
Fewer Pennsylvania small and midsize business leaders expect to hire in the next six months, compared to a year ago, according to a survey PNC Financial Services Group Inc. released on Monday. “The tight labor market continues to be an issue for small business owners in Pennsylvania,” Kurt Rankin, PNC (NYSE:PNC) economist, said in a prepared statement. “This isn’t helped by the fact that Pennsylvania has one of the slowest growing populations in the country.” Rankin said the commonwealth’s economy enjoyed stable conditions in 2019 and expects that to continue into 2020, with the unemployment rate remaining near its newly set record low, below 4 percent.