PNC Financial Services Group Stock Price, News & Analysis

PNC Financial Services Group will have Executive Vice President and Chief Financial Officer Robert Q. Reilly speak at the Barclays Global Financial Services Conference at 9:45 a.m. (ET) on Sept. 13 in New York City. The discussion will cover business performance and strategy in a moderated format. A live webcast, along with related materials and cautionary statements, will be available at www.pnc.com/investorevents. PNC is one of the largest diversified financial services institutions in the U.S.

PNC Bank has announced a partnership with NCR Corporation to expand its surcharge-free ATM access through the Allpoint network, providing over 41,000 machines across the US, including Hawaii and Alaska. This addition brings the total to nearly 60,000 PNC and partner ATMs nationwide, enhancing customer convenience. PNC's Retail Banking head, Alex Overstrom, emphasized the bank's commitment to financial well-being and accessibility for all customers, improving cash access across various retail locations.

PNC Bank has announced the elimination of non-sufficient fund (NSF) fees for all consumer deposit account customers, enhancing financial wellness and building upon the success of its Low Cash Mode introduced in April 2021. Previously, only Virtual Wallet accounts benefited from this policy. The move aims to empower customers during low-cash moments and comes as part of PNC's broader efforts to improve overdraft solutions, providing consumers with more control over their financial futures.

Harris Williams advised KCF Technologies, a machine health optimization firm, on its minority growth equity investment from Graham Partners Growth. KCF, recognized for its unique IoT platform, has saved customers approximately $2.7 billion with over 60 billion machine health measurements. The investment aims to enhance KCF's capabilities in advancing technology for industrial manufacturing. Graham Partners, focused on technology-driven investments, targets companies with EBITDA up to $50 million and has raised around $3.7 billion since its inception.

Harris Williams announces its advisory role for Crash Champions in a growth investment from Clearlake Capital and a merger with Service King Collision. This transformative deal positions Crash Champions as a national player in the collision repair industry, enhancing its operational footprint with 218 centers across 20 states. Clearlake's strategic partnership aims to boost growth in the automotive aftermarket sector, leveraging its operational expertise. The transaction emphasizes the management team's commitment to expanding Crash Champions' market presence.

Harris Williams is advising The CM Group on its sale to OPEN Health, enhancing capabilities in the outsourced pharma commercialization sector. This strategic move aims to address increasing complexities in new drug launches and direct patient outreach. The merger combines two highly regarded companies, delivering opportunities for global pharmaceutical service enhancement. NaviMed Capital, managing over $400 million in healthcare-focused investments, is the parent company of The CM Group. OPEN Health is known for its deep scientific expertise and commitment to improving health outcomes.

PNC Bank has established a new national Community Advisory Council (CAC) with 17 appointed members to guide its $88 billion Community Benefits Plan. This plan aims to enhance economic opportunities for low- and moderate-income communities over a four-year period starting from January 1, 2022. The CAC, which comprises local executives and community leaders from 11 states, will meet semi-annually to discuss community needs and collaborate on lending and investment initiatives.

Harris Williams has advised 360training on a significant investment from GreyLion Partners and Vestar Capital Partners. This investment will enable 360training to enhance its growth strategies in online training and compliance across various sectors, including healthcare and environmental safety. Since 1997, 360training has delivered over 11 million training plans, reinforcing its presence in the regulatory training market. Both investors, known for their focus on high-growth businesses, aim to capitalize on the rising demand for compliance training solutions.