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PNC Financial Services Group Inc (PNC.N)

PNC.N on New York Stock Exchange

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Fri, Jan 12 2018

UPDATE 2-PNC Financial 4th-qtr profit more than doubles

Jan 12 PNC Financial Services Group Inc reported a better-than-expected quarterly profit on Friday, helped by higher interest income and consumer loan growth and the U.S. regional lender also forecast mid-single digit loan and revenue growth for 2018.

BRIEF-PNC Financial Reports FY2017 Net Income $5.4 Billion

* PNC REPORTS RECORD FULL YEAR 2017 NET INCOME OF $5.4 BILLION, $10.36 DILUTED EPS

PNC Financial profit doubles on tax gain

Jan 12 Regional lender PNC Financial Services' quarterly profit doubled, driven by a $911 million one-time benefit related to President Donald Trump's new tax law.

BRIEF-PNC Announces Redemption Of 1.5 Pct Senior Bank Notes Due Feb. 23, 2018

* PNC ANNOUNCES REDEMPTION OF 1.500 PERCENT SENIOR BANK NOTES DUE FEBRUARY 23, 2018

BRIEF-PNC Financial Services Increases Size of Board To 16​

* PNC FINANCIAL SERVICES GROUP SAYS BOARD INCREASED NUMBER OF DIRECTORS FROM 14 TO 16​ - SEC FILING Source text: (http://bit.ly/2CTs0hX) Further company coverage:

BRIEF-PNC Says Will Raise Minimum Pay Rate To $15 An Hour By End Of 2018

* WILL PROVIDE FOR EMPLOYEES IN DEFINED BENEFIT PENSION PLAN AN ADDITIONAL $1,500 TO THEIR EXISTING PENSION ACCOUNTS

BRIEF-PNC Bank Announces Definitive Agreement To Acquire The Trout Group

* PNC BANK ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE THE TROUT GROUP, LLC

Fitch: PNC Continues to Report Solid Earnings

(The following statement was released by the rating agency) CHICAGO, October 13 (Fitch) PNC Financial Services Group, Inc. (PNC) reported $1.1 billion of net income in the third quarter of 2017 (3Q17), up 2.6% on a linked-quarter basis and a considerable 12% from the year-ago period. Return on average assets (ROA) and return on average common equity (ROE) were stable from the linked quarter at 1.2% and 9.9%, respectively. PNC's higher net income was driven by growth in net interest income (NIM)

BRIEF-PNC Financial expects modest growth in Q4 loans vs Q3 - conf call

* PNC Financial Services - expects modest growth in Q4 loans versus Q3 - conf call

BRIEF-PNC Reports Q3 2017 Results

* Says qtrly ‍net interest income grew $87 million, or 4 percent, from Q2 to $2.3 billion

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