Continued improvement in home prices accounted for most of the improvement in financial stress levels, according a PNC Financial index.» Read More
James Rohr, PNC Financial Services Group chairman & CEO, talks about the disruption of a recent cyber attack on his bank.
James Rohr, PNC Financial Services Group chairman & CEO, discusses his company's earnings beat, and the executive changes at Citibank.
NEW YORK-- An analyst downgraded PNC Financial Services' rating on Wednesday, saying the bank's third-quarter net interest margin compressed more than expected and its preferred dividends will likely rise considerably next year.
BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.
PITTSBURGH-- The PNC Financial Services Group Inc.' s net income rose solidly in the third quarter, boosted by a one-time gain from a sale of Visa shares and higher fees from corporate clients. The bank's income from interest on loans increased, bucking an industry-wide trend, because PNC acquired RBC Bank since last year's third quarter.
*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.