PNC Financial Services Group (NYSE:PNC) To Sell Its Entire 22% Interest In BlackRock Inc. (NYSE:BLK)

PNC Financial Services Group (NYSE:PNC), which is BlackRock Inc.’s (NYSE:BLK) largest stockholder, has indicated that it will sell its stake of around $17.3 billion in the asset management company to fee up the bank to consider potential acquisitions. PNC is selling its 22% stake in BlackRock On Monday, Blackrock indicated that the Pittsburgh-based financial institution […]

PNC Financial Services Group Inc (NYSE:PNC) Records Average Loan Growth In 3Q

Boston, MA 10/15/2014 (wallstreetpr) – PNC Financial Services Group Inc (NYSE:PNC) witnessed average loan growth of $0.6 billion in the third quarter over the second quarter. It was driven by average commercial lending growth, partly offset by consumer and residential real estate sector. Credit Quality Improves PNC Financial Services Group Inc (NYSE:PNC) indicated its commercial lending […]

Morning Buzz: FutureFuel Corp. (NYSE:FF); First Republic Bank (NYSE:FRC) And PNC Financial Services Group Inc (NYSE:PNC)

Boston, MA 03/25/2014 (wallstreetpr) – FutureFuel Corp. (NYSE:FF) was down marginally on Monday. The company had been listed among winners last week after it posted its fourth quarter results. The company has conveniently beaten the estimates of the analyst in the fourth quarter as it reported its earnings per share at 61 cents, which is 38 […]

Quick Stock Summary:PNC Financial Services Group Inc (NYSE:PNC); Willbros Group Inc (NYSE:WG) And Pioneer Energy Services Corp (NYSE:PES)

Boston, MA 03/24/2014 (wallstreetpr) – Earthport PLC, which is well-known as a service provider for cross-border payments announced today that it has received a contract from PNC Bank, N.A., anaffiliate of the PNC Financial Services Group Inc (NYSE:PNC). While the financial details are not yet disclosed, Earthpot is expected to come out with more details […]

Bank of America Corp (NYSE:BAC)’s CEO Fears David To Sweep Away His Customers

Boston, MA 01/22/2014 (wallstreetpr) – Bank of America Corp (NYSE:BAC)’s Chief Executive Officer, Brian T. Moynihan pointed towards Richard Davis, the CEO of U.S. Bancorp (NYSE:USB) when, in the November panel discussion, he was asked who he sees as a potential threat. Moynihan fears Davis would sweep away all his customers. He was seconded by […]

J.P. Morgan (NYSE:JPM) Appoints Marianne Lake As CFO – JPM, PNC, NBG, MTU, FRC

JPMorgan Chase & Co. (NYSE:JPM) announced on Monday that it has promoted Marianne Lake to CFO, thriving Dough Braunstein who will become a vice chairman. Ms. Lake will also join the bank’s operating committee, is at present financial chief for J.P. Morgan’s consumer and community banking segment. Her hired is effective early on next year. […]

JPMorgan (NYSE:JPM), Credit Suisse (NYSE:CS) Will Pay $417M For Settlement – JPM, PNC, STI, MTU, NBG

Regulators said on Friday JPMorgan Chase & Co. (NYSE:JPM) and Credit Suisse Group AG (NYSE:CS) decided to pay a jointly $416.9M to resolve U.S. civil charges that they misled investors in the sale of risky mortgage bonds previous to the 2008 financial crisis. The U.S. Securities and Exchange Commission reported that JPMorgan will pay $296.9M, […]