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4/16/14Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Reports First Quarter Net I... (Jutia Group)

[PR Newswire] - PITTSBURGH, April 16, 2014 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $1.1 billion, or $1.82 per diluted common share, for the first quarter of 2014 ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $44.59B, opened at [...]

4/3/14Market Update (NYSE:PNC): PNC Raises Common Stock Dividend By 9 Percent To 48 Cents Per Share (Jutia Group)

[PR Newswire] - PITTSBURGH, April 3, 2014 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 48 cents per share, an increase ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $46.55B, [...]

3/26/14Market Update: The PNC Financial Services Group Inc (NYSE:PNC) – Regulators Accept PNC Capital ... (Jutia Group)

[PR Newswire] - PITTSBURGH, March 26, 2014 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that the Board of Governors of the Federal Reserve System accepted its capital plan and did ... Read more on this. The PNC Financial Services Group, Inc. (PNC), with a current value of $45.57B, [...]

3/26/14Diversification Can Protect Against Large Losses (Top Foreign Stocks)

I have written many times before on the benefits of diversification. A well-built portfolio comprising of various asset classes and types can withstand adverse market conditions including brutal bear markets like the one we witnessed with the global financial crisis of 2008-2009. According to a research report from Vanguard, broad market diversification cannot insure large losses [...]

3/3/14Company Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC subpoenaed over mortgage ... (Jutia Group)

[Reuters] - PNC Financial Services Group Inc said it received federal subpoenas about its lending practices in relation to certain federally backed mortgage loans. The two subpoenas from the U.S. Attorney's Office for the Southern District of New York deal with loans insured or guaranteed by the Federal Housing Administration as well as certain [...]

2/28/14Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – The PNC Financial Services Grou... (Jutia Group)

[PR Newswire] - PITTSBURGH, Feb. 28, 2014 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the first quarter of 2014 on Wednesday, April ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $43.59B, opened at $81.57. [...]

2/18/14Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Bank Provides United Road S... (Jutia Group)

[at noodls] - Feb 18, 2014 7:55am PITTSBURGH, Feb. 18, 2014 - PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the closing of a $50 million asset-based loan for United Road ... Read more on this. The PNC Financial Services Group, Inc. (PNC), with a [...]

1/21/14The PNC Financial Services Group Inc (NYSE:PNC) | No Silver Spoon: Most Millionaires Credit Hard ... (Jutia Group)

[PR Newswire] - PHILADELPHIA, Jan. 21, 2014 /PRNewswire/ -- Most American millionaires cite smart saving over investment choices as the key ingredient to their financial success and very few have benefited from inheritance or a rich spouse, according to the PNC Wealth and Values Survey. Saving early and regularly is named most often (56 [...]

1/17/14Company Update – The PNC Financial Services Group Inc. (NYSE:PNC) – [$$] Five Reasons to Buy ... (Jutia Group)

[at Barrons.com] - PNC Financial Services Group (PNC: NYSE) By Sandler O'Neill + Partners ($80.80, Jan. 16, 2014) We are taking a fresh look at PNC Financial Services Group following fourth-quarter earnings and are upgrading ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $43.77B, opened at $82.15. [...]

1/16/14Stock Update: The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Earns Record Net Income of... (Jutia Group)

[PR Newswire] - PITTSBURGH, Jan. 16, 2014 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported 2013 net income of $4.2 billion, or $7.39 per diluted common share, compared with 2012 net income ... Read more on this. The PNC Financial Services Group, Inc. (PNC), with a current market cap [...]

1/15/14Company Update: The PNC Financial Services Group Inc. (NYSE:PNC) – Whisper Number: How Will PNC... (Jutia Group)

[at Wall St. Cheat Sheet] - PNC has a 65 percent positive surprise history, having topped the whisper in 22 of the 34 earnings reports for which we have data. Read more on this. The PNC Financial Services Group, Inc. (PNC), currently valued at $41.97B, began trading this morning at $78.14.   [...]

1/10/14Stock Update: The PNC Financial Services Group Inc. (NYSE:PNC) – Living Will Summaries for 116 ... (Jutia Group)

[at Bloomberg] - U.S. banking regulators released public summaries of plans for how banks including U.S. Bancorp, Capital One Financial Corp. and PNC Financial Services Group Inc. could be restructured if they collapse.... Read more on this. The PNC Financial Services Group, Inc. (PNC), currently valued at $41.80B, opened this morning at $79.08. [...]

1/2/14Company Update: The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Declares Dividend Of 44 ... (Jutia Group)

[PR Newswire] - PITTSBURGH, Jan. 2, 2014 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 44 cents per share. The ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $40.88B, opened [...]

12/23/13Company Update: The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Agrees to Pay $35 Millio... (Jutia Group)

[at Bloomberg] - PNC Financial Services Group Inc. agreed to pay the U.S. $35 million to settle claims that minorities were charged more for home loans than similarly qualified white borrowers. Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $40.98B, opened this morning at $76.73.   [...]

12/11/13The PNC Financial Services Group Inc. (NYSE:PNC) | The PNC Financial Services Group to Report Fou... (Jutia Group)

[PR Newswire] - PITTSBURGH, Dec. 11, 2013 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the fourth quarter and full year 2013 on Thursday, ... Read more on this. The PNC Financial Services Group, Inc. (PNC), with a current value of [...]

12/10/13Company Update: The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Financial Services’ CE... (Jutia Group)

[Seeking Alpha] - The PNC Financial Services Group (PNC) Goldman Sachs Financial Services Conference Call December 10, 2013 10:00 AM ET Executives Bill Demchak - President and CEO Analysts [No presentation session for this ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $40.74B, started the session at [...]

12/6/13Company Update: The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Announces Settlement Agr... (Jutia Group)

[PR Newswire] - PITTSBURGH, Dec. 6, 2013 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that its affiliate, PNC Bank, National Association, has reached an agreement in principle with ... Read more on this. The PNC Financial Services Group, Inc. (PNC), valued at $40.16B, opened at $75.99.   [...]

11/19/13Stock Update: The Goldman Sachs Group Inc.(NYSE:GS) – PNC Chief Executive To Speak At Goldman S... (Jutia Group)

[at noodls] - PITTSBURGH, Nov. 19, 2013 /PRNewswire/ -- The (NYSE: PNC) announced today that President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking in a moderated ... Read more on this. The Goldman Sachs Group, Inc. (GS), currently valued at $76.52B, began trading this morning at [...]

11/13/13The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Bank Provides New Year’s Resolution Ti... (Jutia Group)

[PR Newswire] - PITTSBURGH, Nov. 13, 2013 /PRNewswire/ -- Each year, more than 40 percent of Americans, across all generations, make New Year's Resolutions. Sadly, only 8 percent of people who set New Year's Resolutions actually achieve success. A recent PNC Survey of more than 3,000 millennials identified savings and budgeting as their biggest [...]

11/11/13The PNC Financial Services Group Inc. (NYSE:PNC) – PNC Financial Services Group’s Non-Cumulat... (Jutia Group)

[at Forbes] - On 11/13/13, PNC Financial Services Group's 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q (NYSE: PNC.PRQ) will trade ex-dividend, for its quarterly dividend of $0.3359, payable on 12/1/13. As a percentage of PNC.PRQ's recent share price of $21.13, this dividend works out to approximately 1.59%, so look for shares of PNC.PRQ [...] [...]

4/18/13(PNC) The PNC Financial Services Group Beats First Quarter Estimates (Stock Blog Hub)

The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2013 earnings per share of $1.76 significantly exceeded the Zacks Consensus Estimate of $1.57. Moreover, results beat the earnings per share of $1.44 recorded in the prior-year quarter. Better-than-expected results reflected improved top line. Moreover, lower nonperforming assets, reduced operating expenses along with healthy capital levels were the [...]

11/24/12(PNC) Mitsubishi UFJ Financial Group Subsidiary Union Bank Acquires Smartstreet (Stock Blog Hub)

San Francisco-based Union Bank – a unit of UnionBanCal Corp. – closed the acquisition of Atlanta-based Smartstreet. Prior to the completion of the acquisition, Smartstreet was a financial services division of PNC Financial Services Group Inc. (PNC). UnionBanCal Corp. is a fully owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MTU), also known as MUFG. The [...]

8/30/12U.S Consumer Spending Up Despite High Levels of Unemployment (ValueWalk.com)

The U.S  economy had slowed down over the last two quarters, but according to the latest statistics, things are about to change for the third quarter, as consumer spending rose to a five month high, after stagating over the last three months. Reuters brought us this report. According to the report, consumer spending was up 0.4 percent in [...]

4/18/12PNC First Quarter Earnings Drop on RBC Bank Acquisition Costs (Value Investing)

PNC Financial Services Group Inc. (NYSE: PNC) reported its first quarter earnings before the bell and said its profit dropped 3.8 percent from increased non-interest expenses while shielding declines in credit-loss provisions. The large commercial real estate lender reported a $805 million profit; this compares to the previous year's $837 million profit. It also saw an [...]

4/18/12PNC Earnings Slip as Bank Completes RBC Unit Acquisition (Benzinga)

PNC Financial services (NYSE: PNC) Earnings decreased 2.5% to $811 million as the bank invested $145 million in the acquisition of Royal Bank of Canada's U.S. unit. Earnings per share were $1.44, the Pittsburgh-based bank said today in a statement. Earnings were expected to be $1.48 per share, according to analysts surveyed by Bloomberg, and would have been $1.62 without the RBC acquisition costs. Last year the bank earned $832 million or $1.57 per share. PNC completed the purchase of...

4/10/12(PNC) PNC Financial Services Group Hikes Dividend – Announces Share Buyback (Stock Blog Hub)

There is finally something official for the shareholders of PNC Financial Services Group Inc. (PNC) to cheer for.  The company has announced a 14% hike in its quarterly dividend. Moreover, PNC Financial also intends to buy back up to $250 million of common stock under its existing 25 million share repurchase program during the remainder [...]

1/17/12Millionaires Back Buffett Tax If They’re Exempt (ValueWalk.com)

Millionaires support Warren Buffett’s view that the wealthiest should pay more in taxes, as long as it’s other rich Americans, according to a survey released today. About 71 percent of millionaires surveyed said they agree with Buffett, chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc. (BRK/A), that the very wealthy ought to pay more taxes and [...]

12/14/11(PNC) PNC Financial Services Group Beefs Up Atlanta Portfolio (Stock Blog Hub)

PNC Financial Services Group Inc. (PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Flagstar Bank sold the leases associated with the branches and the associated businesses and retail deposits worth approximately $210 million at the closing.  [...]

12/6/11The Other CPI: What the Christmas Price Index is Telling U.S. Consumers (Money Morning)

U.S. consumers can get a glimpse of what to expect in price changes this holiday shopping season - especially if you get your gift ideas from an old song. The PNC Christmas Price Index, released by PNC Wealth Management (NYSE: PNC) measures the total cost of presents listed in the classic tune, "The Twelve Days of Christmas." This year, the price tag for an ambitious gift-giver buying all 364 presents hit $101,119.84, a 4.4% gain over last year's index. This is the first time...

10/15/11PNC Financial Services Quarterly Results Earnings Preview ($PNC) (Robert Weinstein Trading Blog)

PNC Financial Services (PNC) is due to report earnings before the opening bell on October 19, 2011. Overview PNC trades an average of 6.8 million shares per day. The PNC Financial Services Group, Inc. operates as a diversified financial services company. The company offers retail banking, corporate and institutional banking, asset management, and residential mortgage banking services. The [...]

10/14/11PNC Financial Services Dividend Capture Using Call Options For Profit (Robert Weinstein Trading Blog)

I setup EDGAR online screener to find stocks paying a dividend soon. I don't want to look at all the stocks that pay a dividend so I filtered the results based on the following: Options available Dividend amount over $0.08 cents (I understand that many retail traders can not make money with an $0.08 dividend due to transaction [...]

9/21/11(PNC) PNC Financial Services Group Sells Senior Notes (Stock Blog Hub)

Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. (PNC), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at a coupon rate of 2.7% and an issue price of $99.879. The notes will mature on September 19, 2016, yielding 2.726% with [...]

7/28/11(PNC) PNC Financial Services Group to Get 27 Flagstar Branches (Stock Blog Hub)

PNC Financial Services Group Inc. (PNC) is on an acquisition spree. The company has signed a definitive agreement to purchase 27 branches from Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Under the deal terms, PNC will acquire 21 and lease 6 branches located in Atlanta, Georgia. Based on balances as of June 30, 2011, [...]

7/26/11PNC to buy 27 Atlanta branches from Flagstar Bank (Penny Stock DD)

PNC Financial Services Group Inc. said Tuesday that it has agreed to acquire 27 branches in the Atlanta area from Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. Acquired real estate and fixed assets associated with the branches will be purchased for about $42 million. No deposit premium will be paid and [...]

7/26/11(PNC) PNC Financial Services Group Offers $1 Billion Preferred Stock (Stock Blog Hub)

PNC Financial Services Group Inc. (PNC) has offered $1 billion of perpetual preferred stock, according to a filing with the Securities and Exchange Commission. The capital infusion through this offering would be used by PNC Financial for general corporate purposes, including funding of the pending RBC Bank (USA) acquisition. The coupon rate is 6.75% and the [...]

7/8/11(PNC) PNC Financial Services Group Analyst Stays Neutral (Stock Blog Hub)

We have reiterated our Neutral recommendation on PNC Financial Services Group Inc. (PNC).  The reaffirmation follows a detailed analysis of the company’s fundamentals, its strengths, opportunities, weaknesses and recent acquisitions sprees as well as the current economic environment. PNC Financial’s first-quarter 2011 adjusted earnings of $1.57 per share were ahead of the Zacks Consensus Estimate of [...]

6/21/11PNC-RBC Deal Looks Better On Second Glance (Wall Street Sector Selector)

Yesterday’s announced deal between PNC Financial and Royal Bank of Canada for a total $3.6 billion (which includes RBC’s U.S. banking business as well as some of its credit card assets), was met with a tepid reaction from investors. Shares ...

6/20/11(PNC) PNC Financial Services Group Acquiring Royal Bank of Canada Unit (Stock Blog Hub)

PNC Financial Services Group Inc. (PNC) is purchasing RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada (RY) and have signed a definitive agreement in this context. The acquisition of this RBC banking business for $3.45 billion would help PNC to expand its footprint in the Southeast markets. The purchase price [...]

6/20/11PNC Announces Agreement to Buy RBC Bank (USA) (Penny Stock DD)

The PNC Financial Services Group, Inc. (NYSE: PNC) and Royal Bank of Canada (NYSE and TSX: RY) today announced that they have signed a definitive agreement for PNC to acquire RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada, for $3.45 billion, or $112 million discount to tangible book value. "The addition of RBC Bank provides PNC a [...]

6/20/11The Twitter-24/7 Wall St. Market Report (6/20/2011) PNC Buys Royal Bank Of Canada, Penney CEO (Wall Street Sector Selector)

Twitter  has, by most estimates, 225 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there i...

4/9/11(PNC) PNC Financial Services Group Increases Dividend – Plans Share Buyback (Stock Blog Hub)

PNC Financial Services Group Inc. (PNC) is the latest bank to raise its dividend and announce share buyback plans. With this move, the company joins the bandwagon of Wall Street banks that won Federal regulators approval and hike dividends following the second round of stress test results. PNC’s board of directors declared a 250% increase in [...]

4/7/11PNC Finally Joins Bank Dividend Party (PNC, JPM, USB, WFC, C, BAC) (tickerspy.com)

PNC Financial Svcs Group (PNC), the seventh-largest U.S. bank by assets, has finally arrived at the bank dividend party, announcing today that it will boost its quarterly dividend by 250% to 35 cents a share from 10 cents. The move comes several weeks after some of its larger rivals announced dividend increases and while shares [...]

3/17/11Story Stocks: Citigroup (NYSE:C), FedEx (NYSE:FDX), JP Morgan Chase (NYSE:JPM), PNC Financial Ser... (Jutia Group)

Barclays and Citigroup (NYSE:C) are among banks subpoenaed by U.S. regulators investigating whether some firms manipulated the setting of the London interbank offered rate, two people with knowledge of the matter said. Germany’s WestLB AG and London-based Lloyds Banking Group Plc (LLOY) are among the 16 banks on the panel [...]

3/4/11Three-Legged Bull Prepares for a PNC Rally (Phil’s Stock World)

Today’s tickers: PNC, CEDC, SPLS & GILD PNC - PNC Financial Services Group, Inc. – Shares in the financial services firm are down 1.00% at $60.34 in early-afternoon trade, but activity in May contract call and put options suggests one strategist sees shares in PNC rising sharply in the next few months. The three-legged bullish player appears to [...]

2/7/11Is It Time to Dump Your Financial Adviser? (Penny Stock DD)

Your investment adviser is an important partner in your life -- after all, who knows your intimate financial details better? It's an intensely personal, yet professional, relationship. But what happens when you discover that it's not an ideal marriage? When is it time to ask for a divorce? It may be sooner [...]

1/11/11NYSE Movers on Insider Buying: (PNC, FDX, AEO, BBY, PCX) (Penny Stock DD)

PNC Financial Services (NYSE:PNC) witnessed the correction of 0.52% and closed at $61.62 whereas overall traded volume stood at 2.29 million shares for the day. The share price is likely to move by 1.24 times against 1 point change in market index. Its dividend yield is 0.65%. FedEx Corporation (NYSE:FDX) went up by 0.98% to close at [...]

11/15/10(BAC) Bank of America and PNC Financial Services Group Sell BlackRock Stake (Stock Blog Hub)

Bank of America Corporation (BAC) and PNC Financial Services Group Inc. (PNC) sold $8.3 billion of stock in the world's largest money manager, BlackRock Inc. (BLK), on November 9. The largest stakeholders of BlackRock disposed of their share as this was not vital to their main business. Of the combined 51.1 million shares sold, the biggest [...]

11/5/10Standpoint Research Initiates Coverage On PNC Financial (Benzinga)

Standpoint Research initiates coverage on PNC Financial (NYSE: PNC) with a Buy rating and $70 PT. PNC was the highest ranking regional bank in Standpoint's Q3 S&P-500 report according to its 155-variable computer model. The shares were trading at $61 at the time, but it withheld putting out a recommendation. The shares have since dropped by 10% and the environment appears a bit less risky. This recommendation is most suited for those looking to increase portfolio beta and reduce an...

11/4/10Will The Sale Of BLK Impact EPS For PNC? (Benzinga)

Deutsche Bank has published a research report on PNC Financial Services (NYSE: PNC) in anticipation of estimating the impact on EPS from the sale of BlackRock, Inc. (NYSE: BLK). In the report, Deutsche Bank writes "We estimate PNC will record a gain of about $200m pre-tax or $0.25 per share after-tax on the sale in 4Q10. Going forward, we estimate about a $0.10 reduction to annual EPS from its reduction of ownership in BLK (before potential offsets from deploying freed up capital). Recall...

11/3/10BlackRock Down Sharply On Stake Sale (BLK) (Benzinga)

BlackRock, Inc. (NYSE: BLK) is down sharply in early Wednesday trading, losing more than 3% on news that PNC Financial (NYSE: PNC) is selling its stake in the company. Bank of America (NYSE: BAC) is also selling its stake in the company. Between the two companies, 42 million shares are coming to market. Bank of America is offering 34.5 million shares and PNC is offering 7.5 million shares. Bank of America also expects to give its underwriters a 30-day option to buy up 6.3 million more...


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