National TV spot focuses on longtime strategy that has fueled coast-to-coast expansionPITTSBURGH, March 18, 2024 /PRNewswire/ -- PNC Bank ("PNC") debuted today its new Brilliantly Boring℠ brand campaign, a humorous and self-deprecating nod to the strategy that has fueled its growth for nearly 160 years. The campaign — which kicks off today with the launch of a national TV spot — focuses on how the reliable and responsible way the company operates helps lead to exciting and fulfilling outcomes for its custom ...

PITTSBURGH, March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately. Based in Pittsburgh, Thomas will report to Michael P. Lyons, president. Thomas succeeds Lyons in the role, after Lyons was appointed president Feb. 20, 2024. "Mike brings a unique depth and breadth of experience and a history of strong performance and collaboration to his new role," said Lyons. "I am confident the C&IB business will c ...

In the latest trading session, The PNC Financial Services Group, Inc (PNC) closed at $152.84, marking a +1.67% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.11%. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, lost 0.41%.Shares of the company witnessed a gain of 1.73% over the previous month, trailing the performance of the Finance sector with its gain of 4.89% and the S&P 500's gain of 2.7%.Market participants will be closely following the financial resul ...

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 ...