The PNC Financial Services Group, Inc. Buyback
OLI recorded this information on 11/8/2018
Company:
The PNC Financial Services Group, Inc.
Buyback:
PNC buyback
$Amount Authorized:
$2,900,000,000
Buyback Details:
The PNC Financial Services Group, Inc. (NYSE: PNC) announced that it received approval from the Federal Reserve today to repurchase up to an additional $900 million in common shares through the end of the second quarter of 2019. This is in addition to the share repurchase programs of up to $2.0 billion approved by the Federal Reserve as part of PNC's 2018 capital plan, which was announced on June 28, 2018.
PNC Financial Services Group is a bank holding company. Co. has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. Co. has three reportable business segments: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; and Asset Management Group, which provides private banking and institutional asset management.
PNC Financial Services Group SEC Filing Email Alerts Service
Preferreds: PNC.PRL, PNC.PRP, PNC.PRQ
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Buy (2.93 out of 4) 22nd percentile
(ranked lower than approx. 78% of all stocks covered)
Analysts' Target Price: PNC Stock Forecast Based on Zacks ABR data; powered by Xignite |