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PNC Financial Services Group Inc

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  • 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...

  • Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit as assets under management increased. The 2014 net inflows represent a 55 percent jump from the prior year and a record for BlackRock. "While the magnitude of the flows was quite large, it is the composition of the flows that was really interesting,"...

  • BlackRock's earnings beat Wall Street estimates Thursday, 15 Jan 2015 | 7:44 AM ET
    Larry Fink, Chairman and CEO of BlackRock.

    BlackRock, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased.

  • Jan 15- BlackRock Inc, the world's largest money manager, reported a higher-than-expected fourth-quarter profit as assets under management increased. Of the $87.8 billion that investors poured into BlackRock's long-term funds during the quarter, half went into the iShares exchange-traded fund business, which ended the quarter with $1 trillion.

  • "There are concerns about global growth, but the fundamentals for the U.S. economy are very solid and what's going on overseas should only be a minor drag," said Gus Faucher, a senior economist at PNC Financial Services in Pittsburgh. The National Federation of Independent Business said its Small Business Optimism Index increased 2.3 points to 100.4 last month,...

  • NEW YORK, Jan 9- Investors with sizeable gains from the dollar's strong move upward in recent weeks sold the greenback to capture profits on Friday despite a solid U.S. jobs report that bolstered the case for the Federal Reserve to raise U.S. interest rates later this year. "It looks like some trimming of positions heading into the weekend, but the strong dollar is...

  • Regional banks, commodity stocks show signs of life Wednesday, 31 Dec 2014 | 10:03 AM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 29, 2014.

    An ETF that tracks regional banks is outperforming the S&P 500 in December, and commodity stocks have rebounded in the last week.

  • Sorry, Iran—lower oil prices are a win for America Wednesday, 3 Dec 2014 | 10:48 AM ET
    Tesoro's oil refinery in Los Angeles

    Americans really need to stop feeling bad for countries like Iran over lower prices, says hedge-fund manager Todd Schoenberger. It's a win for America!

  • How to fix securities class actions? Ask shareholders Thursday, 6 Nov 2014 | 3:46 PM ET
    U.S. Supreme Court Building in Washington, D.C.

    Perhaps it's time for shareholders to take matters into their own hands when it comes to securities class actions, says M. Todd henderson and Adam Pritchard.

  • Did this just change the game for muni investors? Thursday, 6 Nov 2014 | 9:51 AM ET
    Cars drive down Grand River Avenue in Detroit with the city's skyline in the background.

    Recent bankruptcy proceedings in Detroit and elsewhere should raise a giant warning flag for investors, says UBS's head of muni investing.

  • Beware: A poisoned stock market in 2015 Tuesday, 4 Nov 2014 | 3:30 PM ET
    Poison bottle

    The short-term result of the election may be bullish for the market but we are headed for dangerous times, says hedge-fund manager Todd Schoenberger.

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

    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
    Wells Fargo

    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.