PNC Financial Services Group recently announced its participation at the
UBS Financial Services Conference and the departure of President
Michael Lyons. The company has been implicated in customer concern over low-yield accounts. PNC has completed a
$2.75 billion Senior Financing and sees investment interest from several firms including
Strategic Blueprint LLC,
Perigon Wealth Management LLC,
Blue Trust Inc and
Vista Investment Partners LLC. It further announced a data access agreement with
Plaid and predicted that banks with core retail deposits could become M&A targets.
Jim Cramer referred to PNC as 'kind of a cult bank stock'. PNC's Q4 Earnings surpassed forecasts, and the company saw a profit rise based on interest income growth and lesser rainy-day funds. However, the company has been reviewed as not worth buying at present by financial analysts. They further announced a dividend of
$1.60 on Common Stock.
Pnc Financial Services Group PNC News Analytics from Mon, 06 May 2024 07:00:00 GMT to Sat, 01 Feb 2025 10:30:00 GMT -
Rating 0
- Innovation 2
- Information 8
- Rumor 2
