All Posts Tagged With: "PNC"
(GS) Banking on a Turnaround? – Investment Ideas
Can we really have a rally without the financials? Earnings have been mixed for the financials. Let’s take a deeper look at the players in each segment and see if we can’t come to a consensus as to whether or not a rally can be supported. The Zacks Rank for most of these...
21Jan2012 | vitalstocks | 0 comments | Continued(GS) Earnings Season Hits Full Throttle
Germany paid the lowest interest rate in its history in a two-year bond auction this morning, even as the country lowered its economic growth outlook for 2012. The World Bank also came out with a lowered growth outlook for the global economy this year, but there is hardly anything...
18Jan2012 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Beefs Up Atlanta Portfolio
PNC Financial Services Group Inc. (PNC) is in an expansion mode. Last week, the company completed acquiring the 27-branch retail bank franchise in Georgiafrom Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Flagstar Bank sold the leases associated with the branches...
14Dec2011 | vitalstocks | 0 comments | Continued(BBT) Standard & Poor’s Revises Regional Bank Ratings
In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American...
7Dec2011 | vitalstocks | 0 comments | Continued(MA) MasterCard in mCommerce Tie
In an attempt to expand its mobile commerce (mCommerce) platform, yesterday, MasterCard Inc. (MA) announced a global strategic alliance with mFoundry. The latter is a well-positioned mobile banking solutions provider in the US with seven years of experience. Besides the collaboration,...
5Dec2011 | vitalstocks | 0 comments | Continued(AAPL) A Busy Week Ahead – Earnings Preview
Earnings Preview 10/14/11 While the earnings season kicked off this past week, only 38 firms reported. The game really gets under way next week, when we will get reports from 336 firms, including 99 members of the S&P 500. Thus, by the end of the week we will have a very...
17Oct2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Sells Senior Notes
Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. (PNC), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at a coupon rate of 2.7% and an issue price of $99.879. The notes will mature...
21Sep2011 | vitalstocks | 0 comments | Continued(BAC) Investigating The Decline of U.S. Retail Banks
by Justin Dove, Investment U Research Tuesday, August 9, 2011 There was a time when a trip to the bank would take quite awhile. Friday payday lines were sometimes unbearable. Banks even stocked lollipops to keep restless children quiet during the long waits. Skip to 2011 and...
10Aug2011 | InvestmentU | 0 comments | Continued(NTRS) Northern Trust Acquires Omnium
Last Friday, Northern Trust Corporation (NTRS) completed the acquisition of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration, will enhance Northern Trust’s capabilities and create...
3Aug2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group to Get 27 Flagstar Branches
PNC Financial Services Group Inc. (PNC) is on an acquisition spree. The company has signed a definitive agreement to purchase 27 branches from Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. (FBC). Under the deal terms, PNC will acquire 21 and lease 6 branches located in...
28Jul2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Offers $1 Billion Preferred Stock
PNC Financial Services Group Inc. (PNC) has offered $1 billion of perpetual preferred stock, according to a filing with the Securities and Exchange Commission. The capital infusion through this offering would be used by PNC Financial for general corporate purposes, including...
26Jul2011 | vitalstocks | 0 comments | Continued(BBND) Company News for July 21, 2011 – Corporate Summary
• PNC Financial Services (NYSE:PNC) reported Q2 EPS of $1.67, above the Zacks Consensus Estimate of $1.47 per share. Revenues fell 7.9% year-over-year to $3.60 billion • Intel (NASDAQ:INTC) reported Q2 EPS of $0.59, beating the Zacks Consensus Estimates of $0.51...
21Jul2011 | vitalstocks | 0 comments | Continued(AAPL) 2011 Second Quarter Earnings Preview – Detailed
Earnings Preview 7/15/11 Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are in the S&P 500. By next Friday we should have a very good handle on how the overall...
18Jul2011 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Closes Talon Deal
On Tuesday, Bank of New York Mellon Corporation (BK) announced the completion of its acquisition of Chicago-based Talon Asset Management’s wealth management arm, which presently has over $800 million in assets under management. BNY Mellon had announced the deal in April but...
11Jul2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Analyst Stays Neutral
We have reiterated our Neutral recommendation on PNC Financial Services Group Inc. (PNC). The reaffirmation follows a detailed analysis of the company’s fundamentals, its strengths, opportunities, weaknesses and recent acquisitions sprees as well as the current economic environment. PNC...
8Jul2011 | vitalstocks | 0 comments | Continued(AFAM) Company News for June 21, 2011 – Corporate Summary
• Manufacturer and distributors of stainless steel and titanium products, Carpenter Technology (NYSE:CRS) has concluded a merger agreement with Latrobe Specialty Metals as per which the former will acquire the latter in a deal worth around $558 million • Shares...
21Jun2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Acquiring Royal Bank of Canada Unit
PNC Financial Services Group Inc. (PNC) is purchasing RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada (RY) and have signed a definitive agreement in this context. The acquisition of this RBC banking business for $3.45 billion would help PNC to expand...
20Jun2011 | vitalstocks | 0 comments | Continued(NTRS) Northern Trust Looks To Be On An Acquisition Spree
Northern Trust Corporation (NTRS) is on an acquisition spree. The latest acquisition that the company has agreed to is that of Omnium LLC, a leading hedge fund administrator, from Citadel. The acquisition of Omnium, which has around $70 billion in assets under administration,...
6Jun2011 | vitalstocks | 0 comments | Continued(BAC) Big Banks Raise Fees – Lose Customers
Some of the big U.S. banks are running the risk of losing millions of customers this year following rises in many of their fees, USAToday.com reported yesterday. Increased or new fees along with the retraction of debit card reward programs are making it difficult for customers...
2Jun2011 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo First Quarter 2011 Earnings Scorecard
Wells Fargo & Company (WFC) reported first quarter 2011 earnings of 67 cents per share on April 20 that was in line with the Zacks Consensus Estimate. Quarterly results reflect a decent reserve release and a decrease in expenses, offset by revenue downturns. The market had...
3May2011 | vitalstocks | 0 comments | Continued(AA) Stock Market News for April 14, 2011 – Market News
On Wednesday, a choppy session finally came to a close with the benchmarks gaining modest points as the Federal Reserve provided assurances that the economy was improving and President Barack Obama announced plans to cut the U.S. budget deficit by $4 trillion over the next 12...
14Apr2011 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Increases Dividend – Plans Share Buyback
PNC Financial Services Group Inc. (PNC) is the latest bank to raise its dividend and announce share buyback plans. With this move, the company joins the bandwagon of Wall Street banks that won Federal regulators approval and hike dividends following the second round of stress...
9Apr2011 | vitalstocks | 0 comments | Continued(JPM) ATM Withdrawal Fees Set to Climb Again
Some banks have started raising fees (or imposing new ones) on customers who withdraw money from ATMs, according to Wednesday’s Wall Street Journal. The move is a part of the banks’ strategy to recoup their financials from the impact of various financial regulations. Banks...
31Mar2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for March 21, 2011 – Market News
The markets, on Friday, edged modestly higher taking a cue from banks getting a go-ahead for raising dividend rates and a weakening Japanese yen. Also, the Libyan government’s decision for a cease-fire helped calm investors down for the moment. However, investor expectations...
21Mar2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for March 9, 2011 – Market News
Indices moved out of negative territory on Tuesday, as Bank of America provided assurances of higher profits and an increase in dividends for shareholders. Additionally, crude prices hit a roadblock and eased off by 0.4% as OPEC members consider ramping up production for the...
10Mar2011 | vitalstocks | 0 comments | Continued(AVP) Stock Market News for Febuary 09, 2011
On Tuesday, markets gained points with the Dow closing higher for the seventh consecutive session, the longest run of gains since July, helped by strong sales figures posted by Mc Donald’s. However, the gains were limited by falling energy prices which were hit by China’s...
9Feb2011 | vitalstocks | 0 comments | Continued(CMA) Federal Reserve Devises Dividend Increase Plan
Following the doubling of dividend and share buyback announcement by Comerica Inc. (CMA), the Federal Reserve has devised guidelines that it would follow to grant banks, that undergone stress test in 2009, the permission to increase dividends and buy back shares. The Fed plans...
18Nov2010 | vitalstocks | 0 comments | Continued(BAC) A New Housing Foreclosure Mess?
Are the major banks looking at housing troubles and billions of dollars of losses yet again? That is what a new report from the Congressional Oversight Panel seems to warn. According to the report, the chaos resulting from foreclosure paperwork flaws could result in massive losses...
16Nov2010 | vitalstocks | 0 comments | Continued(BAC) Bank of America and PNC Financial Services Group Sell BlackRock Stake
Bank of America Corporation (BAC) and PNC Financial Services Group Inc. (PNC) sold $8.3 billion of stock in the world’s largest money manager, BlackRock Inc. (BLK), on November 9. The largest stakeholders of BlackRock disposed of their share as this was not vital to their...
15Nov2010 | vitalstocks | 0 comments | Continued(AKS) Company News for November 9, 2010 – Corporate Summary
• Chevron (NYSE:CVX) announced plans to buy Atlas Energy (NASDAQ:ATLS) for $4.3 billion, or $43.35 per share • Bank of America (NYSE:BAC) and PNC (NYSE:PNC) sold $8.3 billion of BlackRock (NYSE:BLK) shares in a secondary offering priced at $163 per share, a 3.6% discount...
9Nov2010 | vitalstocks | 0 comments | Continued