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Stock Market & Financial Investment News

News Breaks
January 16, 2014
09:48 EDTPNCPNC Financial sees Q1 modest growth in loans, down modestly in interest income
Expects fee income in Q1 to be down primarily due to Q4 benefit for residential mortgage repurchase obligations and seasonality. Sees Q1 noninterest expense down mid-single digits. Sees Q1 loan-loss provision of $125M-$200M. Comments taken from slides for Q4 earnings conference call.
News For PNC From The Last 14 Days
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September 16, 2014
16:30 EDTPNCPNC Financial provides results of Dodd-Frank stress test
PNC Financial reports that during a severely adverse scenario its Tier 1 risk-based capital ratio would be 6%; Common equity Tier 1 capital would be 4.5%. Reference Link
September 9, 2014
11:06 EDTPNCPNC Financial says investing 'heavily' in cybersecurity
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11:03 EDTPNCPNC sees ability to increase fee revenue by $1B over the next 3-5 years
10:56 EDTPNCPNC Financial says Q3 shaping up 'in line' with guidance
Says remains focused on acquiring appropriate risk-adjusted assets. Capital priorities include building capital to support client growth and business investment, maintaining appropriate capital in light of economic uncertainty, returning excess capital to shareholders via dividend and buybacks. Chairman, President and CEO William Demchak says 35% of PNC's deposits are by ATM and mobile. Sees continued focus on expense savings initiatives through CIP goal of $500M. Says still evaluating new LCR rules. Says has flexibility to execute more repurchases throughout the year. Comments made at the Barclays Global Financial Services Conference.
September 8, 2014
07:24 EDTPNCBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.

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