STOCK TITAN

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.

Rhea-AI Summary
PNC Financial Services Group, Inc. to discuss business performance and strategy at RBC Capital Markets Global Financial Institutions Conference. The company is a leading financial services institution in the US, offering a wide range of banking and wealth management services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
conferences
-
News
Rhea-AI Summary
PNC Financial Services Group appoints Michael P. Lyons as President, emphasizing responsible growth and national expansion. Lyons brings extensive experience from Bank of America and a track record of successful acquisitions and strategic planning.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.44%
Tags
management
-
Rhea-AI Summary
PNC Bank announces a $1 billion investment to open over 100 new branches and renovate 1,200 locations by 2028, aiming to enhance customer access to banking services. The plan includes expanding in key cities like Austin, Dallas, and Miami, emphasizing the importance of the branch network in supporting customer financial needs and community engagement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.8%
Tags
none
Rhea-AI Summary
PNC and LIIF commit to advancing economic opportunities and racial equity through $88 billion in financial support and $5 billion in capital respectively. The partnership aims to provide catalytic financing to stimulate positive social and environmental outcomes, focusing on communities of color. Despite economic challenges, the collaboration seeks to drive lasting change and foster innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.6%
Tags
partnership
-
Rhea-AI Summary
PNC Financial Services Group, Inc. (NYSE: PNC) will discuss business performance and strategy at the Bank of America Financial Services Conference. The company is a leading financial services institution in the US, offering retail and business banking, corporate banking, wealth management, and asset management.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
Tags
conferences
-
Rhea-AI Summary
PNC Diversity & Inclusion hosts Black History Month event featuring leadership expert Ginny Clarke and other prominent figures in the healthcare and banking industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.37%
Tags
none
News
Rhea-AI Summary
PNC Financial Services Group sponsors medical service dogs for veterans through Guardian Angels Medical Service Dogs, facilitating life-changing help. The company's involvement in the Community Mutt Strut fundraiser has raised over $1.5M and sponsored 66 dogs, making a direct impact. PNC's support has helped individuals like Mike Clark, a business analytics manager on PNC's Audit team, who struggled with PTSD and a post-traumatic brain injury. Through PNC and Guardian Angels, he received a 'Super Service Dog' named Blade, which transformed his world at work and at home.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
none
-
Rhea-AI Summary
PNC Financial Services Group, Inc. reported a net income of $0.9 billion, $1.85 diluted EPS or $3.16 as adjusted. Revenue increased by 2% due to strong noninterest income growth. Average loans increased by 2%, and average deposits grew modestly. The ACL to total loans of 1.7% was stable, and the CET1 capital ratio was 9.9%. Noninterest expense increased by 26%, primarily reflecting higher business activity. Net income decreased by 44% due to post-tax expenses related to the FDIC special assessment and workforce reduction charges.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
none
-
Rhea-AI Summary
Harris Williams (ticker: HW) announces the launch of a Capital Solutions Practice in London, with Jonathan Abecassis joining as a managing director. The practice will offer a full range of secondary liquidity and related capabilities for EMEA clients. Abecassis brings nearly two decades of experience in capital solutions and GP advisory, having previously served at Credit Suisse. His addition is expected to accelerate the firm's growth and success throughout Europe, capitalizing on opportunities in the global secondary market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.91%
Tags
management
Rhea-AI Summary
The PNC Financial Services Group, Inc. (NYSE: PNC) has declared a quarterly cash dividend of $1.55 per share on the common stock, payable on Feb. 5, 2024, to shareholders of record at the close of business Jan. 16, 2024. Additionally, the board declared cash dividends on various series of preferred stocks, indicating the company's commitment to providing returns to its shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.57%
Tags
dividends
PNC Financial Services Group Inc

NYSE:PNC

PNC Rankings

PNC Stock Data

64.29B
394.53M
0.36%
84.78%
1.13%
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.