*UBS raises PNC price target to $68 from $63; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
Once the dregs of the U.S. economy, beleaguered mortgage banks are becoming more attractive as the home sector claws back from a depression, an analyst said Monday.
WASHINGTON-- The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign. It fell because a government survey of households found that 873,000 more people had jobs, the biggest jump since January 2003.
*Rogers says Iran developing worrying cyber espionage capabilities. WASHINGTON, Oct 4- The head of the House of Representatives Intelligence Committee said on Thursday that significant new cyber threats to U.S. financial networks appeared to be emerging from an "unusual" source.
In the past two weeks, customers of top U.S. banks including Bank of America Corp, JPMorgan Chase& Co, Wells Fargo& Co, U.S. Bancorp and PNC Financial Services have reported having trouble accessing their websites, as unusually high traffic volumes appeared to crash or slow down the systems.
Jim Rohr, PNC Financial Services chairman & CEO, discusses loan growth at his bank and the outlook for the third quarter.
James Rohr, PNC Financial Services chairman & CEO, discusses the consequences of breaking up big banks and whether the industry needs more regulations.
Companies fired "whale" losses, clawbacks and profit warnings at the market this week, building anticipation for next week, when earnings season swings into high gear.
As the market braces for some bank earnings this week, analyst Dick Bove said said investors looking at regional bank earnings will be cheering but when it comes to investment banks, they'll be cringing.
There seems to be little doubt on Wall Street that the outcome of the FOMC meeting on Wednesday will move stocks - but which ones?
In the weeks following the revelation of its $2 billion loss, JPMorgan shares fell as much 24 percent from its level prior to the announcement.
Take a look at some of Tuesday's midday movers:
With sectors tied to global growth surging on Wednesday and the market piercing its 200-day moving average, should you hit the buy button? Or is this a sucker's rally?
Large regional banks are filling a lending void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said.
Karen Mills, head of the Small Business Administration, talks about the challenges and importance of loaning to small businesses, and being a part of the Cabinet.
Sterne Agee analyst Todd Hagerman on Monday said that he saw “10 to 15 percent further downside risk” to broker/dealer stocks, with “perhaps more for JPMorgan as the review [of the company’s trading losses] unfolds.”
FBR analyst Paul Miller wasted no time on Thursday in downgrading JPMorgan Chase following CEO James Dimon's announcement of a $2 billion second-quarter trading loss.
James Rohr, PNC Financial Services chairman & CEO, discusses the path to fixing America's housing sector.
PNC beat Wall Street estimates and shares are up 12% this year. Q1 EPS came in at $0.31 vs. $0.25 est. James Rohr, PNC Financial Services chairman & CEO, weighs in.
James Rohr, PNC Financial Services chairman & CEO, weighs in on the health of the banking industry as a whole, adding that loan demand is back.