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    Banks getting capital, National City sold

    Fri, 10/24/2008 - 20:52 EDT - Reuters - Business News
    • businessNews

    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.

     

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      ByKurt Kendis: 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.

    • 3 Reasons To Consider PNC Financial

      By Sammy Pollack:Shares of PNC Financial Services Group Inc (PNC) are down 11% over the past month. However, there are three reasons to buy PNC.

    • Canada’s big banks line up for earnings season

      It’s official: After an epic spending spree, Canadian consumers are finally putting away their wallets, depriving the banks of a profit wellspring of historic proportion. Fortunately for bank shareholders the wallet-closing has been a relatively gradual process that has yet to put a dint in the bottom line.

    • Buy The Strongest Regional Banks

      By Qineqt: Investment Thesis

    • PNC Financial Services Is Decreasing Its Positions In These Stocks

      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.

    • PNC Is Hot; Fifth Third Still A 'Buy'

      By Takeover Analyst:In an earlier article (see here), I argued that while regional banks are exposed to greater risks than what the market acknowledges, Fifth Third (FITB) and Huntington (HBAN) are trading well below intrinsic value.

    • PNC Financial Services' Top 7 Sells

      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. Investment Strategy

    • The Top Stocks PNC Financial Services Is Selling

      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.

    • Reasons to Like PNC's Acquisition of RBC Bank USA

      By Derek Pilecki:I own a position in the warrants of PNC Financial (PNC), which under performed during the 2nd quarter and cost about 80 bps of performance for my portfolio. PNC is a large regional bank headquartered in Pittsburgh with operations in the Mid-Atlantic States, the Midwest and Florida. The company is conservatively run and performed better than average through the financial crisis.

    • PNC Financial Strengthened by Decision to Branch Out

      Zacks.com submits: PNC Financial Services Group Inc. (PNC) is set to expand by acquiring 19 branches from a subsidiary of BankAtlantic Bancorp Inc. (BBX).

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