NEW YORK (Reuters) - The U.S. government took further steps to prop up the U.S. banking system on Friday, starting to inject capital into a new group of banks, and helping to finance a $5.2 billion takeover of National City Corp by PNC Financial Services Group Inc.
I strongly believe that for the next few quarters, financial institutions should build their balance sheets to the strongest possible positions in capital and liquidity and reserves. This is the logical tactic given the regulatory uncertainties paired with enormous demand potential as the credit and business cycles turn. Releasing reserves make no sense to me. First a snapshot of some recent selected data.
ByElisa Lemmola:PNC Financial Services (NYSE: PNC) is far from being a household name, but many analysts are touting its stock as a must buy. What do they know that you don't? And are PNC shares really worth adding to your portfolio?
Eighth Biggest US Bank
ByRichard Tarjeft:The PNC Financial Services Group, Inc. (PNC) is a financial service company with a market capitalization of $37.65 Billion. It is engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing these products and services nationally.
Pnc Financial Services Group,The (PNC)
March 05, 2013 2:00 pm ET
William S. Demchak - President, Director and President of PNC Bank National Association
Keith Horowitz - Citigroup Inc, Research Division
William S. Demchak
By Rash Menaria: PNC Financial Services Group, Inc. (PNC) is a diversified financial services company based in the United States. PNC manages over $250 billion in assets, of which approximately $38 billion is deployed in equities.
By Lalit Sharma:PNC Financial Services Group (PNC) manages $43 billion in equity assets, primarily through its investment advisory subsidiary, PNC Wealth Management, which controls the PNC series of mutual funds.
By Lalit Sharma:PNC Financial Services Group (PNC) manages $43 billion in equity assets primarily through its investment advisory subsidiary PNC Wealth Management, which controls the PNC Series of mutual funds. PNC employs both growth and value approach to investing and holds stocks for the long term.
PNC Financial Services Group (PNC)
Q1 2011 Earnings Call
April 21, 2011 10:00 am ET
Richard Johnson - Chief Financial Officer and Executive Vice President
James Rohr - Chairman of the Board, Chief Executive Officer, Member of Executive Committee and Member of Risk Committee
William Callihan - Senior Vice President and Director of Investor Relations