PNC Financial Services Group Stock Price, News & Analysis

PNC Financial Services Group, Inc. will release its third-quarter earnings on October 14, 2022, at 6:45 a.m. ET. Following this, a conference call for investors will be held at 11 a.m. ET with PNC Chairman and CEO William S. Demchak and CFO Robert Q. Reilly. Investors can access the call at www.pnc.com/investorevents. A replay of the call will be available for one week. PNC is a leading diversified financial services institution in the U.S.

Harris Williams advised Jordi Labs on its sale to RQM+, a subsidiary of Linden Capital Partners. Jordi Labs offers comprehensive analytical chemistry testing services, primarily for medical device manufacturers. The transition is expected to create significant synergies and accelerate growth. RQM+ is a leading MedTech service provider with extensive regulatory and clinical expertise, serving major medical device firms. Linden Capital focuses on healthcare investments and has raised over $6.5 billion since its inception.

Harris Williams announced its advisory role in the sale of Water Lilies Food, LLC to Blue Point Capital. Water Lilies, known for its frozen Asian appetizers, has seen significant growth under AUA Private Equity's ownership. The firm's unique product offerings and manufacturing flexibility position it well for future expansion, capitalizing on rising consumer demand in the food sector. Blue Point, managing over $1.5 billion in capital, focuses on enhancing lower-middle market businesses through strategic partnerships and operational improvements.

Harris Williams, a global investment bank, announced its advisory role in the sale of Monte Nido & Affiliates to Revelstoke Capital Partners. Monte Nido, a leading provider of eating disorder treatment services with over 45 facilities across the U.S., has seen increased demand driven by societal pressures and social media. The deal highlights the ongoing attractiveness of the behavioral health sector for investors. Since partnering with Levine Leichtman Capital Partners in 2015, Monte Nido has achieved significant milestones in quality clinical outcomes and expanding its treatment offerings.

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.