PNC Financial Services Group Stock Price, News & Analysis

The PNC Financial Services Group, Inc. (NYSE: PNC) has declared a quarterly cash dividend of $1.50 per share on its common stock, payable on Feb. 5, 2023, to shareholders recorded by Jan. 17, 2023.

Additionally, dividends for preferred stocks include:

• Series B: $0.45 on March 10, 2023.
• Series O: $2,074.49 on Feb. 1, 2023.
• Series T: $850.00 on March 15, 2023.
• Series U: $1,500.00 on Feb. 15, 2023.
• Series V: $1,550.00 on March 15, 2023.

PNC Financial Services Group has released findings from its recent Economic Outlook survey, revealing that the majority of women business owners (WBOs) exhibit higher confidence levels compared to their male counterparts. Despite economic challenges, 40% of WBOs feel optimistic about their businesses, attributing this confidence to their resilience. Notably, WBOs are more likely to consider loans for growth and are proactively investing in their businesses. Currently, women-owned businesses account for 40% of all small businesses in the U.S., highlighting their critical role in the economy and efforts to close the gender pay gap.

Harris Williams is advising Utegration on its sale to Cognizant (NASDAQ: CTSH). Utegration specializes in SAP consulting for the utilities and energy sectors, boasting strong customer ties in North America. This strategic acquisition aims to enhance Cognizant's capabilities in providing software and services related to SAP and includes Utegration's industry expertise and technology solutions. RLH Equity Partners, Utegration's parent, focuses on high-growth enterprises, especially in technology and consulting services, demonstrating the ongoing investor interest in the utility sector's modernization.

The PNC Financial Services Group is set to release its financial results for Q4 and full-year 2022 on January 18, 2023, at 6:30 a.m. ET. Chairman William S. Demchak and CFO Robert Q. Reilly will host a conference call for investors at 9 a.m. ET the same day. The call will provide insights into the company's performance, with details available via live audio webcast and supplementary financial information on PNC's website.

The PNC Financial Services Group, based in Pittsburgh, announced that CEO William S. Demchak and CFO Robert Q. Reilly will discuss the company's performance and strategy on December 6, 2022, at the Goldman Sachs US Financial Services Conference in New York City. The event will be accessible through a live webcast at www.pnc.com/investorevents, where related materials and a webcast replay will also be available for 30 days. PNC is recognized as one of the largest diversified financial services institutions in the U.S.

Harris Williams has advised Bregal Unternehmerkapital Funds in the merger of four portfolio companies—GUS Group, iptor, SHD, and PDV—to create GENII Software Group. This strategic consolidation aims to enhance the software market by forming a diversified platform. GUS provides ERP and CRM software, iptor focuses on ERP and SCM, SHD delivers planning and HR solutions, and PDV specializes in ECM for the public sector. The newly formed GENII is expected to accelerate growth and drive SaaS models, with a management team focused on further strategic acquisitions.

PNC's 2022 Christmas Price Index reveals a 10.5% increase in costs, marking the third highest year-over-year rise in its 39-year history. The total cost for the 12 gifts from 'The Twelve Days of Christmas' is now $45,523.27. Major contributors to this rise include a 28.4% spike in fertilizer costs and 14.5% inflation in services, outpacing goods at 4.2%. This index reflects broader inflation concerns, with PNC's chief investment officer suggesting consumers should reconsider their gift choices amid sustained economic volatility and high consumer costs.

Harris Williams, a global investment bank, advised United States Infrastructure Corporation (USIC) in its sale of a 50% stake to Kohlberg & Company. Partners Group retains a 50% co-lead interest. USIC, North America's largest utility damage prevention services provider, operates in 48 states and Canada, performing over 80 million locates annually for various utility sectors. The transaction highlights USIC's growth potential and resilience, attracting significant investor interest. Partners Group, managing $131 billion in assets, focuses on transformative investments.