PNC Financial Services Group (PNC) , in a filing, announced an increase in its non-interest expense for first-quarter 2024 owing to higher special assessment fees.In fact, the bank expects to incur an additional $130 million on a pre-tax basis related to the revised special assessment.Following the failures of Silicon Valley Bank and Signature Bank in March 2023, large banks have been subjected to make payments as special assessment fees over eight quarters, starting in the ongoing quarter, to replenish the ...

PITTSBURGH, March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday, April 16, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET).Separately, PNC will hold its Annual Meeting of Shareholders at 11 a.m. ...

The PNC Financial Services Group, Inc (PNC) shares ended the last trading session 4% higher at $153.74. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.2% loss over the past four weeks.After getting hammered because of industry-wide concern related to commercial real estate (CRE) loans, shares of PNC Financial reversed the trend. With the company having manageable exposure to office CRE loans, investors seem to b ...

Integration will offer PNC corporate and commercial banking clients new payments and reconciliation capabilities within PINACLE® Connect for Workday NEW YORK, March 4, 2024 /PRNewswire/ -- Koxa Corp. today announced a new embedded finance integration with PNC Bank to deliver an embedded banking experience to PNC clients using the Workday Enterprise Resource Planning (ERP) system. With the integration, PNC's corporate and commercial banking clients will be able to retrieve real-time balance and transaction i ...

The PNC Financial Services Group, Inc (PNC) closed the latest trading day at $144.85, indicating a -0.87% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.38%. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.13%.Coming into today, shares of the company had lost 3.61% in the past month. In that same time, the Finance sector gained 3.85%, while the S&P 500 gained 4.74%.Analysts and investors alike will be keeping a close eye on the performance of ...

At the Bank of America Financial Services Conference, PNC Financial Services Group (PNC) lowered its first-quarter 2024 net interest income (NII) guidance on dismal loan growth.The company expects NII to sequentially dip 3-5% compared with its previous guidance of a decline of 2-3%. The bank has softened its guidance for NII due to lower-than-expected average loan growth and a slower increase in utilization rates than a typical first quarter.PNC had projected average loan growth to be flat in the quarter. B ...

The PNC Financial Services Group, Inc (PNC) closed at $146.70 in the latest trading session, marking a -1.44% move from the prior day. This change lagged the S&P 500's 0.6% loss on the day. On the other hand, the Dow registered a loss of 0.17%, and the technology-centric Nasdaq decreased by 0.92%.Heading into today, shares of the company had lost 0.39% over the past month, lagging the Finance sector's gain of 3.63% and the S&P 500's gain of 3.56% in that time.Market participants will be closely following th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-09718 THE PNC FINANCIAL SERVICES GROUP, INC. (Exact name of registrant as specified in its charter) Pennsylvania 25-1435979 (State or other jurisd ...

The PNC Financial Services Group, Inc.’s (PNC) strategic initiatives, solid balance sheet position and net interest income growth (NII) are expected to keep supporting its financials. Also, its sustainable capital distributions seem positive. However, an elevated cost base and commercial loan concentration are concerning.PNC Financial benefits from a strong balance sheet position with loan and deposit balances rising over the years. In October 2023, the company acquired loan commitments from Signature Bank ...

PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.Lyons will report to William S. Demchak who will continue in his current roles as Chairman and Chief Executive Officer of the corporation. PNC's primary operating lines of business and the Regional Presidents Offic ...