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PNC Earnings Slip as Bank Completes RBC Unit Acquisition
Wednesday, April 18, 2012 - 9:56am | 512PNC Financial services (NYSE: PNC) Earnings decreased 2.5% to $811 million as the bank invested $145 million in the acquisition of Royal Bank of Canada's U.S. unit. Earnings per share were $1.44, the Pittsburgh-based bank said today in a statement. Earnings were expected to be $1.48 per share,...
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Wilmington Trust: To Sell Or Not To Sell?
Monday, October 18, 2010 - 12:12pm | 349Following reports that Wilmington Trust Corporation (NYSE: WL) was in search of capital from private-equity firms, the bank's shares sank in October to lows not seen since the early 1990s. The stock's decline indicated that shareholders were concerned that the bank's advisors had shopped it around...
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FBR Capital Markets Upgrades PNC Financial Services Group (PNC) And Raises Price Target
Monday, March 8, 2010 - 1:50pm | 192FBR Capital Markets analysts Paul J. Miller, Jr., William Wallace and Jessica Halenda raised their rating for shares of PNC Financial Services Group (NYSE: PNC) from Market Perform to Outperform and raised the price target from $55 to $65. The analysts noted PNC Financial Services Group announced...
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Analyst Upgrades PNC Financial Services Group Inc. (PNC)
Wednesday, February 3, 2010 - 12:28pm | 104The shares PNC Financial Services Group Inc. (NYSE: PNC) were upgraded from Sector Perform to Top Pick by RBC Capital Markets analyst Gerard Cassidy. Cassidy was impressed by PNC Financial Services Group's announcement that it planned to to repay $7billion that it received from the federal...