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Shares of PNC Financial Services Group Inc. soared Thursday after the nation's fifth largest bank said its profit grew sharply during the third quarter, even as loan losses rose.
PNC Financial Services Group Inc. said Thursday its second-quarter profit dropped 87 percent largely because of an FDIC assessment, increased credit losses and lingering costs of integrating National City Corp. into its operation.
PNC Financial Services Group Inc. on Thursday reported a surprising 22 percent jump in first-quarter profit, boosted by its purchase of National City Corp. and lower funding costs.
PNC Financial Services Group Inc. Chief Executive James E. Rohr received compensation of $8.5 million in 2008, down nearly 41 percent from the previous year, according to a proxy statement filed with the Securities and Exchange Commission Wednesday.
PNC Financial Services Group Inc. said Monday it is slashing its quarterly dividend 85 percent for savings of about $1 billion annually.
Insurers Are Getting in Line for Piece of Federal BailoutEven as the Treasury began approving capital injections for about 20 regional banks on Friday, including $7.7 billion for a merger between PNC Financial and National City, carmakers pressed for their financing subsidiaries to be eligible for a part of the bailout fund because t …
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