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PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

125.25USD
18 Jan 2019
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Latest Key Developments (Source: Significant Developments)

PNC Financial Services Group Sees Q1 2019 Net Interest Income Stable Versus Q4 2018
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - PNC Financial Services Group Inc ::PNC FINANCIAL SERVICES GROUP - SEES Q1 2019 NET INTEREST INCOME STABLE VERSUS Q4 2018.PNC FINANCIAL SERVICES GROUP - SEES Q1 2019 NONINTEREST EXPENSE STABLE VERSUS Q4 2018.PNC FINANCIAL SERVICES GROUP - SEES Q1 2019 LOAN LOSS PROVISION OF $125 - $175 MILLION VERSUS Q4 2018.PNC FINANCIAL SERVICES GROUP - SEES FY 2019 REVENUE UP HIGHER END OF LOW-SINGLE DIGITS.PNC FINANCIAL SERVICES GROUP - SEES FY 2019 AVERAGE LOANS UP 3% - 4%.PNC FINANCIAL SERVICES GROUP - SEES FY 2019 NONINTEREST EXPENSE UP LOWER END OF LOW-SINGLE DIGITS.  Full Article

PNC Bank Announces Definitive Agreement To Acquire Ambassador Financial Group, Inc.
Monday, 14 Jan 2019 

Jan 14 (Reuters) - PNC Financial Services Group Inc ::PNC BANK ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE AMBASSADOR FINANCIAL GROUP, INC..PNC BANK - DEAL TERMS WILL NOT BE DISCLOSED.PNC BANK - AFG WILL BECOME A SUBSIDIARY OF PNC BANK WITHIN CAPITAL MARKETS FINANCIAL INSTITUTIONS GROUP IN CORPORATE & INSTITUTIONAL BANKING BUSINESS.  Full Article

Pnc Announces $900 Million Increase To Authorized Share Repurchases
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - PNC Financial Services Group Inc ::PNC ANNOUNCES $900 MILLION INCREASE TO AUTHORIZED SHARE REPURCHASES.PNC FINANCIAL - $900 MILLION REPURCHASE IN ADDITION TO SHARE REPURCHASE PROGRAMS UP TO $2 BILLION APPROVED BY FEDERAL RESERVE UNDER CO'S 2018 CAPITAL PLAN.  Full Article

Pnc Reports Second Quarter 2018 Net Income Of $1.4 Bln
Friday, 13 Jul 2018 

July 13 (Reuters) - PNC Financial Services Group Inc ::PNC REPORTS SECOND QUARTER 2018 NET INCOME OF $1.4 BILLION, $2.72 DILUTED EPS.Q2 REVENUE $4.3 BILLION VERSUS I/B/E/S VIEW $4.25 BILLION.QTRLY DILUTED EARNINGS PER COMMON SHARE $2.72.NET INTEREST MARGIN INCREASED TO 2.96 PERCENT FOR Q2 OF 2018 COMPARED WITH 2.91 PERCENT FOR Q1.PNC FINANCIAL SERVICES GROUP - AVERAGE LOANS INCREASED $1.6 BILLION, OR 1 PERCENT, IN Q2 TO $222.7 BILLION COMPARED WITH THE FIRST QUARTER.NET INCOME OF $1.4 BILLION FOR Q2 INCREASED 9 PERCENT COMPARED WITH $1.2 BILLION FOR Q1.NET CHARGE-OFFS WERE $109 MILLION FOR Q2 COMPARED WITH $113 MILLION FOR Q1.QTRLY PROVISION FOR CREDIT LOSSES WAS $80 MILLION, A DECREASE OF $12 MILLION OVER PREVIOUS QUARTER.PNC FINANCIAL SERVICES GROUP - BASEL III COMMON EQUITY TIER 1 CAPITAL RATIO WAS AN ESTIMATED 9.5 PERCENT AT JUNE 30, VERSUS 9.6 PERCENT AT MARCH 31.PNC FINANCIAL SERVICES GROUP - QTRLY NET INTEREST INCOME $2,413 MILLION VERSUS $2,258 MILLION.Q2 EARNINGS PER SHARE VIEW $2.58 -- THOMSON REUTERS I/B/E/S.  Full Article

PNC Raises Common Stock Dividend To 95 Cents Per Share
Thursday, 5 Jul 2018 

July 5 (Reuters) - PNC Financial Services Group Inc ::PNC RAISES COMMON STOCK DIVIDEND TO 95 CENTS PER SHARE.PNC FINANCIAL SERVICES GROUP INC - DECLARED A QUARTERLY CASH DIVIDEND ON COMMON STOCK OF 95 CENTS PER SHARE, AN INCREASE OF 20 CENTS PER SHARE FROM Q2.  Full Article

PNC Receives No Objection To Its Capital Plan
Thursday, 28 Jun 2018 

June 28 (Reuters) - PNC Financial Services Group Inc ::PNC RECEIVES NO OBJECTION TO ITS CAPITAL PLAN.PNC FINANCIAL SERVICES GROUP INC - CAPITAL PLAN ALSO INCLUDED SHARE REPURCHASE PROGRAMS OF UP TO $2.0 BILLION FOR FOUR-QUARTER PERIOD BEGINNING IN Q3.PNC FINANCIAL SERVICES GROUP INC - SHARE REPURCHASE PROGRAMS INCLUDE REPURCHASES OF UP TO $300 MILLION RELATED TO EMPLOYEE BENEFIT PLANS.PNC FINANCIAL SERVICES GROUP - CAPITAL PLAN INCLUDED RECOMMENDATION TO INCREASE QTRLY CASH DIVIDEND ON COMMON STOCK TO 95 CENTS PER SHARE IN Q3 2018.  Full Article

PNC Financial Services Expects Q2 Loan Growth To Be Modest- Conf Call
Friday, 13 Apr 2018 

April 13 (Reuters) - PNC Financial Services Group Inc ::PNC FINANCIAL SERVICES CFO SAYS FY 2018 GUIDANCE REMAINS UNCHANGED -CONF CALL.PNC FINANCIAL SERVICES CFO EXPECTS Q2 LOAN GROWTH TO BE MODEST, EXPECT TOTAL NET INTEREST INCOME TO BE UP LOW SINGLE DIGITS -CONF CALL.PNC FINANCIAL SERVICES CFO EXPECTS Q2 PROVISION TO BE BETWEEN $100 MILLION AND $150 MILLION-CONF CALL.PNC CFO SAYS FED'S PROPOSAL IN TERMS OF CHANGES TO CCAR ARE ENCOURAGING-CONF CALL.PNC CEO SAYS IN REAL ESTATE LOANS WOULD'NT EXPECT TO SEE GROWTH RATES AS SEEN IN THE PAST -CONF CALL.  Full Article

PNC Financial Reports FY2017 Net Income $5.4 Billion
Friday, 12 Jan 2018 

Jan 12 (Reuters) - PNC Financial Services Group Inc ::PNC REPORTS RECORD FULL YEAR 2017 NET INCOME OF $5.4 BILLION, $10.36 DILUTED EPS.Q4 REVENUE $4.3 BILLION VERSUS I/B/E/S VIEW $4.18 BILLION.QTRLY DILUTED EARNINGS PER COMMON SHARE $4.18 ‍​.QTRLY NET INTEREST INCOME OF $2.3 BILLION WAS STABLE WITH Q3.TRANSITIONAL BASEL III COMMON EQUITY TIER 1 CAPITAL RATIO WAS AN ESTIMATED 10.4 PERCENT AT DEC 31, 2017.TOTAL LOANS AT DECEMBER 31, 2017 DECLINED $.6 BILLION COMPARED WITH SEPTEMBER 30, 2017‍​.QTRLY PROVISION FOR CREDIT LOSSES WAS $125 MILLION, A DECLINE OF $5 MILLION FROM PREVIOUS QUARTER.PNC FINANCIAL SERVICES GROUP - PRO FORMA FULLY PHASED-IN BASEL III COMMON EQUITY TIER 1 CAPITAL RATIO WAS AN ESTIMATED 9.8 PERCENT AT DEC 31, 2017.QTRLY NET INTEREST MARGIN WAS 2.88 PERCENT COMPARED WITH 2.91 PERCENT IN THE THIRD QUARTER‍​.NET CHARGE-OFFS INCREASED TO $123 MILLION FOR Q4 COMPARED WITH $106 MILLION FOR Q3.4Q17 IMPACT ON NET INCOME FROM TAX LEGISLATION AND SIGNIFICANT ITEMS‍​ $911 MILLION.Q4 EARNINGS PER SHARE VIEW $2.20 -- THOMSON REUTERS I/B/E/S.QTRLY NON-GAAP EPS EXCLUDING IMPACT OF TAX LEGISLATION & SIGNIFICANT ITEMS $2.29‍​.  Full Article

PNC Announces Redemption Of 1.5 Pct Senior Bank Notes Due Feb. 23, 2018
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - PNC Financial Services Group Inc ::PNC ANNOUNCES REDEMPTION OF 1.500 PERCENT SENIOR BANK NOTES DUE FEBRUARY 23, 2018.PNC FINANCIAL SERVICES - ANNOUNCED REDEMPTION ON JAN. 24, 2018 OF OUTSTANDING SENIOR NOTES DUE FEB. 23, 2018 ISSUED BY PNC BANK, NATIONAL ASSOCIATION.PNC FINANCIAL - REDEMPTION PRICE WILL BE EQUAL TO $1,000 PER $1,000 IN PRINCIPAL AMOUNT, PLUS ANY ACCRUED, UNPAID DISTRIBUTIONS TO JAN. 24, 2018.  Full Article

PNC Financial Services Increases Size of Board To 16​
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Pnc Financial Services Group Inc ::PNC FINANCIAL SERVICES GROUP SAYS BOARD INCREASED NUMBER OF DIRECTORS FROM 14 TO 16​ - SEC FILING.  Full Article

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PNC Financial profit misses as it sets aside more to cover bad loans

U.S. regional bank PNC Financial Services Inc's fourth quarter profit fell below analysts' estimates on Wednesday, as it set aside more cash to cover bad loans.