Canada Pension Plan Investment Board and
Intech Investment Management LLC have increased their stake in
The PNC Financial Services Group (PNC), while other institutions like
Mitsubishi UFJ Trust & Banking Corp and
Tocqueville Asset Management reduced their holdings. Despite some daily underperformance,
PNC's stock has hit a new annual high at
$181.10 and reported a 7.70% increase in one week. The Group has surpassed its Q2 earnings and revenue estimates, predicting record net interest income next year. PNC partnered with
TCW to create a private credit platform and expand capabilities. The bank has shown commitment to
affordable housing initiatives and community development by offering significant funds and credit facilities. Expected quarterly earnings release dates for 2025 have been provided. PNC's Q1 and Q2 2024 net incomes were reported at
$1.3 billion and
$1.5 billion, respectively. With institutional owners heavily dominating PNC, PNC Bank is being evaluated. Alongside expansion plans across the country, PNC has committed $10 million to affordable housing in Austin.
Pnc Financial Services Group PNC News Analytics from Fri, 13 Oct 2023 07:00:00 GMT to Sun, 28 Jul 2024 17:08:00 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -3
