PNC Financial Services Group Inc


  • WASHINGTON, Dec 23- The U.S. economy grew at its quickest pace in 11 years in the third quarter, the strongest sign yet that growth has decisively shifted into higher gear. "After four years of rocky recovery the U.S. economy is now hitting its stride... and growth should remain good next year, with lower gasoline prices a big plus for consumers," said Gus Faucher, a senior...

  • US economy accelerates and helps lift Dow to 18K Tuesday, 23 Dec 2014 | 8:36 AM ET

    WASHINGTON— A surge in U.S. economic growth lifted stocks Tuesday to record highs and showed that the United States is putting distance between itself and struggling economies around the world. Fueled by hiring gains, cheaper gas and rising confidence, consumers and businesses drove growth to a sizzling 5 percent annual rate last quarter.

  • RIO DE JANEIRO, Dec 19- Brazil's jobless rate edged higher in November and surpassed forecasts, a sign the labor market is weakening as Latin America's largest economy stagnates. Brazil's non-seasonally adjusted jobless rate rose to 4.8 percent in November from 4.7 percent in October, statistics agency IBGE said on Friday. Although the unemployment rate...

  • *Private payrolls rise by 208,000 in November. WASHINGTON, Dec 3- U.S. private companies added workers at a fairly brisk clip in November and the services. "With all of the talk about a recession in Japan, possible recession in the euro zone and in Russia, the U.S. economy is looking much more attractive," said Jennifer Lee, a senior economist at BMO Capital Markets in New...

  • BEIJING, Nov 18- China's home prices fell in October by the most since 2011, Reuters calculations show, in spite of government support measures to try to end a national downturn that threatens to stifle economic growth. "China's housing market is still on the way down in its correction," said Bill Adams, senior international economist for PNC Financial Services...

  • BEIJING, Nov 18- China's home prices slumped an annual 2.6 percent in October, shrugging off a range of government support measures in a nationwide downturn that threatens to stifle economic growth. News of slowing foreign direct investment rubbed salt in the house price wound, with overseas investment down 1.2 percent in the January-October period from a...

  • Ask a hedge-fund guy: Will the economy collapse? Monday, 3 Nov 2014 | 1:01 PM ET

    Hedge-fund manager Todd Schoenberger takes your questions. The first one is from a "Janet Y" in Washington, DC ...

  • Banks take big bet on red-hot apartments Friday, 17 Oct 2014 | 12:06 PM ET
    Contractors work on construction of a new apartment building in downtown Seattle.

    Banks may not be lending to home buyers or single family home developers, but they are doling out big bucks to apartment developers.

  • Early Movers: BAC, BLK, PNC, KEY, SWY, AAPL & more Wednesday, 15 Oct 2014 | 7:55 AM ET

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

  • Why Buffett is always betting big on bank stocks Thursday, 25 Sep 2014 | 9:00 AM ET
    Goldman Sachs Group CEO Lloyd Blankfein (left) and Warren Buffett, CEO of Berkshire Hathaway

    Why are financial stocks the cornerstone of Warren Buffett's empire? His love of bank stocks can be explained in two key investing concepts.

  • Why it's time to invest in bank stocks Wednesday, 24 Sep 2014 | 9:12 AM ET

    Most bank stocks have risen from their recession lows, but still have a lot of room to grow. Rising rates promise to lift the sector.

  • While data from China may give clarity on a pattern of uneven growth there, it is in Europe that the prospects for the economy are most uncertain, although a ceasefire in Ukraine could lift the mood and avoid new EU sanctions on Russia this week.

  • WASHINGTON, Sept 5- U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates. Nonfarm payrolls increased 142,000 last month after expanding by 212,000 in July, the Labor Department said on Friday.

  • WASHINGTON, Sept 3- U.S. regulators on Wednesday adopted rules for banks to hold enough easy-to-sell assets to keep them afloat during a crunch, after many were caught short of cash during the 2007-09 financial crisis.

  • *New York state manufacturing activity slows. Other data on Friday showed some cooling in factory activity in New York state this month after July's brisk expansion. "There is still no inflation pressure out there right now," said Gus Faucher, senior economist at PNC Financial Services in Pittsburgh.

  • Want to help the poor? Make them a bank customer Saturday, 9 Aug 2014 | 7:00 AM ET

    Engaging the poor and working class as active consumers who require financial services is the best way to stabilize the US economy, says one author.

  • WASHINGTON, July 30- U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

  • WASHINGTON, July 25- Orders for long-lasting U.S. manufactured goods rose more than expected in June, pointing to momentum in the economy heading into the third quarter. The Commerce Department said on Friday durable goods orders increased 0.7 percent as demand increased from transportation to machinery and computers and electronic products.

  • Is China set up for a 'perfect storm' in 2016? Friday, 25 Jul 2014 | 12:04 AM ET

    Upbeat China data may have allayed fears about its economy, but PNC Financial Services is cautious, warning of a "perfect storm" that could surface.

  • "People are starting to increase inventory to build for a better economy and a better outlook in quarters three and four," Richard Davis, chief executive of U.S. Bancorp, said after the bank reported earnings on Wednesday. U.S. Bancorp reported a 12.4 percent rise in commercial loans by volume for the quarter.