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PNC Financial Services Group Inc - PNC STOCK NEWS

Welcome to our dedicated news page for PNC Financial Services Group (Ticker: PNC), a resource for investors and traders seeking the latest updates and insights on PNC Financial Services Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PNC Financial Services Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PNC Financial Services Group's position in the market.

News
PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special Assessment
Rhea-AI Summary
PNC reported a net income of $1.3 billion for the first quarter of 2024, with diluted EPS of $3.10, or $3.36 excluding a $130 million FDIC special assessment. The company saw a 4% decrease in revenue, a 6% decline in core noninterest expenses, and a provision for credit losses of $155 million. Average loans and deposits decreased by 1%, while net loan charge-offs were $243 million. PNC maintained a strong capital position with a CET1 capital ratio of 10.1% and repurchased $0.1 billion of common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
Tags
earnings
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News
PNC Foundation Announces $10.2 Million in Grants To Mark 20th Anniversary of PNC Grow Up Great(R)
Rhea-AI Summary
The PNC Foundation allocates $5.2 million to enhance nature-based outdoor play and learning spaces for children in celebration of the 20th anniversary of PNC Grow Up Great initiative. The initiative aims to support early childhood education through research-backed outdoor play and learning environments. PNC also extends support to DonorsChoose and collaborates with Sesame Workshop to provide bilingual educational resources emphasizing nature-based play.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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none
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News
PNC Foundation Provides $10 Million Grant to Birmingham Promise for Scholarship Program, Student Success Coaching
Rhea-AI Summary
Birmingham Promise receives a $10 million grant from PNC Foundation to support postsecondary success for City of Birmingham school graduates. The grant will fund scholarships and program expansion over the next 10 years, benefiting students in the Birmingham City Schools system.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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none
News
PNC Declares Dividend of $1.55 on Common Stock
Rhea-AI Summary
The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend of $1.55 per share on common stock, along with dividends on various series of preferred stocks. The dividend payout dates range from May to June 2024, benefiting shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.25%
Tags
dividends
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News
PNC Bank Invests $20 Million in Local Initiatives Support Corporation To Fuel Growth in Under-Resourced Communities Nationwide
Rhea-AI Summary
PNC Bank invests $20 million in Local Initiatives Support (LISC) to boost economic opportunity and growth in rural counties and metro areas. The funding includes a 10-year, $10 million Equity Equivalent (EQ2) investment and a $10 million three-year term loan. LISC will use the capital for various community investment programs, benefiting entrepreneurs, women, people of color, and veterans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
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none
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News
The PNC Community Benefits Plan, Two Years Later and $56 Billion Worth of Impact
Rhea-AI Summary
PNC shows positive progress in community outcomes through ongoing transformational investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.03%
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none
News
PNC BANK INVESTS $20 MILLION IN LOCAL INITIATIVES SUPPORT CORPORATION TO FUEL GROWTH IN UNDER-RESOURCED COMMUNITIES NATIONWIDE
Rhea-AI Summary
PNC Bank invests $20 million in LISC to boost economic opportunity in rural counties and metro areas. The funding includes a 10-year $10 million EQ2 investment and a $10 million three-year term loan. The innovative funding aims to support community development efforts and attract private capital into under-resourced communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.02%
Tags
none
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News
GENYOUth AND TASTE OF THE NFL INCREASE ACCESS TO 148 MILLION SCHOOL MEALS, FOSTERING NUTRITION SECURITY AMONG STUDENTS NATIONWIDE
Rhea-AI Summary
GENYOUth's 2024 Taste of the NFL event, supported by Frito-Lay, Quaker, and the PepsiCo Foundation, raised a record $2.0 million to benefit 1,000 schools and 550,000 students, providing access to 148 million school meals. School nutrition professionals can apply for Equipment Grants until April 9, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
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none
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News
PNC Bank Highlights Nearly 160 Years of Reliable and Responsible Banking With 'Boring' Brand Campaign
Rhea-AI Summary
PNC Bank launches 'Brilliantly Boring' brand campaign focusing on reliable and responsible operations, coast-to-coast expansion, and customer-centric approach.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
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none
News
PNC Names Michael Thomas Head of Corporate & Institutional Banking
Rhea-AI Summary
PNC Bank appoints Michael Thomas as head of Corporate & Institutional Banking, succeeding Michael P. Lyons. Thomas brings extensive experience and strong performance to the role, overseeing key areas like debt capital markets and real estate banking. PNC's C&IB business offers a range of financial products and services to clients in the U.S. and Canada, positioning PNC as a leading financial institution in the region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.15%
Tags
none
Stock PNC logo
PNC Financial Services Group Inc

NYSE:PNC

PNC Rankings

#200 Ranked by Market Cap
#3928 Ranked by Stock Gains
#858 Ranked by Dividends

PNC Stock Data

59.93B
394.53M
0.36%
84.76%
1.08%
Commercial Banking
Finance and Insurance
Link
US
Pittsburgh

About PNC

for over 150 years, pnc has grown into one of america's most respected banks, because we're committed to helping customers and employees reach their goals. you can depend on pnc to provide the training you need, along with an inclusive culture that recognizes your talent, values diversity and cares about social responsibility. working with us means having an opportunity you can feel good about, with a fortune 200 company that's been selected as a 'great place to work'​ by gallup.