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PNC Financial Services Group Inc

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  • WASHINGTON, April 22- U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season. The fairly upbeat report from the National Association of Realtors on Wednesday implied the economy was regaining some momentum after hitting a speed bump at the start of the...

  • "Confidence is back," said Laura Oberst, an executive vice president at Wells Fargo& Co who oversees commercial banking for the central U.S. region. A Wells Fargo spokeswoman could not immediately provide a bank-wide utilization rate for commercial and industrial borrowers, but said it has gone up a few percentage points over the past year. The increased usage...

  • 4 ways a surging dollar rattles world economies, markets Wednesday, 15 Apr 2015 | 11:28 AM ET

    WASHINGTON— The U.S. dollar hasn't been on a roll like this since Ronald Reagan sat in the White House and "Raiders of the Lost Ark" ruled the box office. Delta Air Lines said Wednesday that the strong dollar is hurting ticket sales in some foreign markets and announced plans to pull back international service, primarily in Japan, Brazil, India, Africa and the Middle...

  • PNC Financial Services tops 1Q profit forecasts Wednesday, 15 Apr 2015 | 6:57 AM ET

    PITTSBURGH _ PNC Financial Services Group Inc. on Wednesday reported first-quarter earnings of $1 billion. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share. PNC Financial Services shares have climbed almost 3 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed...

  • Blast of financial earnings, oil and economics Wednesday, 15 Apr 2015 | 6:02 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Early morning earnings reports from major financial companies and a few economic reports could set the tone for Wednesday's markets.

  • This is the next thing that could rock stocks Monday, 13 Apr 2015 | 6:00 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Earnings season may not give investors that warm and fuzzy feeling this quarter.

  • This is the next thing that could rock stocks Friday, 10 Apr 2015 | 4:42 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Earnings season may not give investors that warm and fuzzy feeling this quarter.

  • Santander, Deutsche Bank units fail stress tests Wednesday, 11 Mar 2015 | 5:36 PM ET
    Santander bank branch

    The Fed objected to capital plans from U.S. units of Deutsche Bank and Santander in the second part of its stress test.

  • Four trades to go before the closing bell Wednesday, 11 Mar 2015 | 1:29 PM ET

    The "Halftime Report" traders give their final trades of the show.

  • Early movers: QCOM, CS, URBN, SWKS, PG & more Tuesday, 10 Mar 2015 | 7:49 AM ET

    Some of the names on the move ahead of the open.

  • WASHINGTON, March 5- The number of Americans filing new claims for unemployment aid last week rose to its highest level since May, but economists dismissed the increase as weather-related and said the jobs market remained solid. "The underlying fundamentals of the economy remain solid and there is no reason we won't continue to see the type of economic growth...

  • *Euro short positions consolidating, keeps steady vs. dollar. NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for...

  • NEW YORK, Jan 30- The dollar traded mixed on Friday after weaker-than-expected headline U.S. fourth-quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectations of long-term greenback gains. The fundamental case for dollar strength is still in place as a long-term theme, "said Brian...

  • OTTAWA, Jan 30- Canada's economy unexpectedly shrank by 0.2 percent in November, prompting market talk that the Bank of Canada will cut interest rates in March for the second time in six weeks. "The data in hand do support the Bank of Canada's very bearish interpretation of the impact of lower oil on the Canadian economy," said Bill Adams, economist at PNC Financial...

  • US banks resign themselves to lower yields Friday, 23 Jan 2015 | 7:32 AM ET
    A Wells Fargo bank branch in New York City.

    U.S. banks are now resigning themselves to at least another few quarters of low rates, executives and analysts said.

  • Banks including Wells Fargo& Co and PNC Financial Services Group are contemplating steps like investing their extra cash at current low yields or using derivatives that pay off if rates stay low. Positioning for higher rates has cost the 20 largest U.S. banks somewhere between $2.5 billion and $3 billion of income each quarter, roughly 6 percent of their...

  • Global forces threaten corporate America Monday, 19 Jan 2015 | 5:00 PM ET
    Traders on the floor of the New York Stock Exchange.

    Investors must now answer a serious question plaguing markets: How long can America continue to shine in a dull world?

  • US stocks rally to halt five-session losing streak Friday, 16 Jan 2015 | 4:31 PM ET
    Trader on the floor of the New York Stock Exchange.

    Stocks rose Friday as crude surged.

  • Stock futures shave losses after CPI Friday, 16 Jan 2015 | 9:10 AM ET
    Exchange Place NYSE

    U.S. stock index futures fell on Friday, with markets around the world still unsettled by the Swiss central bank's shock move on Thursday.

  • WASHINGTON, Jan 15- U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy. The Labor Department said on Thursday its producer price index for final demand declined 0.3...