PITTSBURGH, Oct. 30, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 2, 2024, of $500,000,000 of Depositary Shares (CUSIP: 693475AM7) (the "Depositary Shares") representing interests in PNC's Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series R (the "Series R Preferred Stock"). Each Depositary Share represents a 1/100th interest in a share of the Series R Preferred Stock. All 500,000 Depositary Shares currently outstanding w ...

Top economists provide insights on U.S. recession risks, Arizona growth, and global uncertainties. TEMPE, Ariz., Oct. 29, 2024 /PRNewswire/ -- The economic forecast for 2025 is uncertain, but experts are watching several key indicators closely. With inflation appearing to be under control, recent labor market data have raised concerns about a potential recession. Political uncertainties, a fluctuating technology sector, and ongoing global conflicts — such as the war in Ukraine and tensions in the Middle Eas ...

PITTSBURGH, Oct. 25, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that President Michael P. Lyons and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 8:15 a.m. (ET), Friday, Nov. 8, at the BancAnalysts Association of Boston Conference in Boston. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, including cautionary statements regardin ...

Investors looking for stocks in the Financial - Investment Bank sector might want to consider either The PNC Financial Services Group, Inc (PNC) or Tradeweb Markets (TW) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision tren ...

PITTSBURGH, Oct. 22, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption of, on Nov. 4, 2024, all outstanding Senior Floating Rate Bank Notes due Dec. 2, 2024 issued by PNC Bank, National Association in the amount of $200,000,000 (CUSIP 69353RFV5). The securities have an original scheduled maturity date of Dec. 2, 2024. The redemption price will be equal to 100% of the principal amount, plus any accrued and unpaid interest to the redemption date of Nov. 4, ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in September. During the third quarter, which ended Sept. 30, the bank's average loans, credit quality performance and allowance for credit losses remained stable, according to a Tuesday earnings release. "CNIB [Corporate & Institutional Banking] continues to have great momentum as new loan production and commitments increased this quarter," William S. Demchak, presiden ...

The PNC Financial Services Group, Inc.'s (PNC) third-quarter 2024 adjusted earnings per share of $3.49 surpassed the Zacks Consensus Estimate of $3.29. In the prior-year quarter, the company reported earnings per share of $3.60. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. Results were aided by a rise in fee income and higher loan balance. However, a decline in net interest income (NII) and an increase in provisions for credit losses, along with a rise in expense base, we ...

The PNC Financial Services Group, Inc. (NYSE:PNC) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Bryan Gill - Executive Vice President and Director of Investor Relations Bill Demchak - Chairman and Chief Executive Officer Rob Reilly - Executive Vice President and Chief Financial Officer Conference Call Participants Erika Najarian - UBS John Pancari - Evercore Piper Sandler - Scott Siefers Matt O'Connor - Deutsche Bank Bill Carcache - Wolfe Research Mike Mayo - Wells Fargo ...

The PNC Financial Services Group, Inc (PNC) reported $5.43 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 3.8%. EPS of $3.49 for the same period compares to $3.60 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $5.37 billion, representing a surprise of +1.25%. The company delivered an EPS surprise of +6.08%, with the consensus EPS estimate being $3.29. While investors scrutinize revenue and earnings changes year-over-year and h ...