News
PNC-PRP
25.45
0.00%
0.00
US homebuilder NVR tops profit estimates as tight housing supply spurs sales
US homebuilder NVR tops profit estimates as tight housing supply spurs sales. NVR posted first-quarter consolidated revenue of $2.33 billion. New orders for the company rose 3% to 6,049 homes. Average selling price per home rose 3%.
Reuters · 14h ago
PulteGroup beats profit, revenue estimates on higher home sales
PulteGroup beats first-quarter profit, revenue estimates on higher home sales. Strong demand for constructions amid an acute shortage of existing homes in the U.S. Home sales revenue for the quarter came in at $3.82 billion, above analysts' estimates.
Reuters · 17h ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 5d ago
UPDATE 2-D.R. Horton forecasts strong fiscal 2024 on tight supply of existing homes
D.R. Horton forecasts strong fiscal 2024 on tight supply of existing homes in the United States. Shares of the largest U.S. Homebuilder rose 4% to $151.30 on Thursday. The company raised its forecast for full-year revenue for fiscal 2024 to $37.7 billion.
Reuters · 5d ago
PNC FINANCIAL SERVICES GROUP INC <PNC.N>: JEFFERIES CUTS TARGET PRICE TO $162 FROM $171
Reuters · 6d ago
PNC FINANCIAL SERVICES GROUP INC <PNC.N>: BOFA GLOBAL RESEARCH RAISES PRICE OBJECTIVE TO $168 FROM $165
Reuters · 6d ago
U.S. RESEARCH ROUNDUP-3M, J&J, Nuvalent
Wall Street analysts revise their ratings and price targets on several U.S.-listed companies. 3M, J&J and Nuvalent are among the companies. Analysts also raise their targets on Amazon, Tractor Supply, UnitedHealth Group and Amgen. NEW: 3M cuts its target price to $110 from $118; 10X Genomics cuts target price.
Reuters · 6d ago
PNC FINANCIAL SERVICES GROUP INC <PNC.N>: EVERCORE ISI CUTS TARGET PRICE TO $175 FROM $184
Reuters · 6d ago
UPDATE 1-Big banks led by Citi continue to trim staff to cut costs
Big banks led by Citi continue to trim staff to cut costs in the first quarter. Headcount at Bank of America, Wells Fargo and PNC Financial declined by about 2,000 jobs combined. Banks are under pressure to control costs due to uncertain economic outlook. JPMorgan Chase added 2, thousand employees in first quarter to 311,921.
Reuters · 04/16 19:28
Big banks led by Citi continue layoffs amid pressure to cut costs
Big banks led by Citi continue layoffs amid pressure to cut costs. Bank of America, Wells Fargo and PNC Financial together cut more than 2,000 jobs in the first quarter. Citigroup saw the biggest drop in its headcount, down by 2,500 employees. JPMorgan Chase added 2,200 employees in first quarter to 311,921.
Reuters · 04/16 16:41
BUZZ-US lender PNC falls after Q1 profit, revenue decline
U.S. Lender PNC Financial's PNC.N shares fall 1.5% to $147.27. Bank posts Q1 profit of $3.10; revenue declines to $5.15 billion. Company's shares down 5% this year.
Reuters · 04/16 15:46
PNC FINANCIAL SHARES DOWN 2.2% AFTER Q1 RESULTS
Reuters · 04/16 13:32
PNC Financial Services Group Inc reports results for the quarter ended in March - Earnings Summary
PNC Financial Services Group Inc reports quarterly adjusted earnings of $3.36 per share for the quarter ended in March. Revenue fell 8.2% to $5.15 billion from the same quarter last year. The company reported quarterly income of $1.24 billion.
Reuters · 04/16 13:31
PNC profit falls 21% amid weaker interest income
PNC Financial Services PNC.N reported a 21% fall in first-quarter profit. Bank paid more to hold customer deposits in a high interest rate environment. The bank forecast interest income will decline about 1% in the current quarter, compared with the first quarter.
Reuters · 04/16 10:54
PNC FINANCIAL SERVICES GROUP INC <PNC.N> Q2 REV VIEW $5.32 BLN -- LSEG IBES DATA
Reuters · 04/16 10:35
PNC FINANCIAL SERVICES GROUP INC <PNC.N> Q1 SHR VIEW $3.01 -- LSEG IBES DATA
Reuters · 04/16 10:33
PNC FINANCIAL SERVICES GROUP:SOLID Q1 RESULTS GENERATING NET INCOME OF $1.3 BLN WHICH INCLUDED AN ADDITIONAL $130 MLN PRE-TAX FDIC SPECIAL ASSESSMENT
Reuters · 04/16 10:33
UPDATE 1-Less than half of U.S. banks ready to borrow from Fed in emergency
Less than half of U.S. Banks ready to borrow from Fed in emergency lending facility. Federal Reserve data released a year after Silicon Valley Bank's failure. Data shows increase in the number of banks signing up and the amount of collateral pledged. Data also shows banks are far more prepared than credit unions.
Reuters · 04/12 20:42
DIARY-U.S. earnings week ahead
U.S. Corporate earnings for the week ahead: Netflix, Johnson & Johnson, United Airlines, CSX and more. The Diary of U.S.-SPX corporate earnings is a collection of major events in the corporate world. Some of the events are scheduled to take place over the course of the week.
Reuters · 04/12 16:00
PNC Financial Services Group Inc <PNC.N> expected to post earnings of $3.02 a share - Earnings Preview
PNC Financial Services Group Inc expected to post earnings of $3.02 a share. PNC is expected to show a fall in quarterly revenue when it reports results on April 16 for the period ending March 31 2024. The Pittsburgh Pennsylvania-based company expected to report a 7.4% decrease in revenue to $5.188 billion.
Reuters · 04/12 12:32
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About PNC-PRP
The PNC Financial Services Group, Inc. is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. Its retail branch network is located coast-to-coast. The Company's segments include Retail Banking, Corporate & Institutional Banking and Asset Management Group. The Retail Banking segment provides deposit, lending, brokerage, investment management and cash management products and services to consumer and small business customers. The Corporate & Institutional Banking segment provides lending, treasury management and capital markets-related products and services to mid-sized and large corporations, and government and not-for-profit entities. Asset Management Group segment includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. It is also engaged in point of sale (POS) and payments solutions.