And its stock went up. Here's why. Citigroup (C), like other financial ... JPMorgan Chase, Wells Fargo (WFC) and PNC (PNC) have also said their corporate tax rates will fall this year and beyond. Related: Some of the companies giving out …
PNC, which is based in Pittsburgh, said it would also sell $3 billion of its common stock to help fund the repayment. And it planned to sell $1.5 billion to $2 billion in senior notes. PNC is latest big bank to repay the bailout money. Bank of …
PNC has retail operations in 15 states and Washington, D.C., including more than 2,500 branches, according to the bank’s website. The firm acquired National City Corp. in 2009 for about $3.9 billion in stock. “PNC has really done a good job of …
so there are stronger reasons to buy PNC shares; he's predicting the share price, lately around $85, will rise within the year to $100. Why? - Rising interest rates: PNC says its mix of loans, deposits and investments will translate to …
... Financial Services Group Inc. (PNC.N) won approval on Thursday from the U.S. Federal Reserve to buy Baltimore-based Mercantile Bankshares Corp. (MRBK.O), a transaction now valued at about $6.1 billion. The cash-and-stock purchase …
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alphabet (GOOGL), PNC Financial (PNC) and Accenture (ACN). These …
Yesterday, the Fed approved PNC's purchase of North Carolina-based RBC Bank for $ ... would be financed with the …
Many Chicago-area business owners share his sentiments, according to a recently released semiannual survey by PNC Bank. Although 47 percent of ... Also longer term, "with a warehouse, we will be able to stock products and buy in bulk, …
The deal creates the country's fifth-largest bank by deposits. PNC will pay $5.58 billion in stock and cash for National City and get $7.7 billion through the government's bailout plan. The deal values National City at about $2.23 a share, or …
Pennsylvania-based regional bank PNC announced today (Friday) that it would purchase Ohio-based National City in an all-stock transaction that values the struggling regional bank at $5.2 billion. Shareholders will receive 0.0392 PNC share for …