2016 Financial Press Releases

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12/14/16PNC Changes Prime Rate
PITTSBURGH, Dec. 14, 2016 /PRNewswire/ -- PNC (NYSE: PNC) announced an increase in its prime lending rate. The new rate of 3.75 percent is effective tomorrow, Dec. 15, 2016. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking; residential mortgage banking; specialized services for corporations and g... 
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12/01/16'12 Days Of Christmas' Gifts Rise Only 0.7 Percent In Price; In-Store Shoppers Get The Biggest Bargains
- PNC marks 33rd year of putting price tag on holiday classic - Slight rise reflects government CPI, slow U.S. economic growth - Consumers urged to take advantage of bargains - The convenience of online shopping comes at a cost PITTSBURGH, Dec. 1, 2016 /PRNewswire/ -- If you want to buy that special someone the gifts included in the holiday classic "The 12 Days of Christmas," they will only cost 0.7 percent more than last year, according to the 33rd annual economic analysis by The ... 
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11/16/16PNC Chief Executive to Speak at Goldman Sachs Investor Conference
PITTSBURGH, Nov. 16, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking in a moderated discussion format at 11:30 a.m. (ET) Tuesday, Dec. 6 at the Goldman Sachs U.S. Financial Services Conference in New York City. The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents): a link to the live ... 
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10/18/16PNC Executive To Speak At BancAnalysts Association Of Boston Conference
PITTSBURGH, Oct. 18, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Michael P. Lyons, executive vice president and head of Corporate & Institutional Banking, will discuss business performance, strategy and banking at 11:25 a.m. (ET) Thursday, Nov. 3 at the BancAnalysts Association of Boston Conference in Boston. The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents): a link to the live webcast; presen... 
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10/14/16PNC Reports Third Quarter 2016 Net Income of $1.0 Billion, $1.84 Diluted EPS
Revenue, loans and deposits grew, expenses well controlled PITTSBURGH, Oct. 14, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $1.0 billion, or $1.84 per diluted common share, for the third quarter of 2016 compared with net income of $989 million, or $1.82 per diluted common share, for the second quarter of 2016 and net income of $1.1 billion, or $1.90 per diluted common share, for the third quarter of 2015. "PNC delivered another goo... 
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10/12/16PNC Releases Results Of Dodd-Frank Company-Run Stress Test
PITTSBURGH, Oct. 12, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today published the results of its company-run mid-cycle stress test under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The information is available in the Investor Relations section of PNC's corporate website at www.pnc.com/regulatorydisclosures. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized ... 
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10/06/16Small Business Owners Upbeat About U.S. Economy, But Few Plan To Hire
- Nearly three-quarters are optimistic about U.S. economy - the most since 2005 - PNC economists forecast moderate growth amid owners' stable outlook for sales - Two-thirds are dissatisfied with presidential candidates' plans for business PITTSBURGH, Oct. 6, 2016 /PRNewswire/ -- Owners of small and mid-sized businesses are upbeat about the U.S. economy amid steady expectations for their sales and hiring during the next six months, according to the latest PNC Economic Outlook Survey fi... 
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10/04/16PNC Declares Dividend Of 55 Cents On Common Stock
PITTSBURGH, Oct. 4, 2016 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 55 cents per share. The dividend, with a payment date of Nov. 5, 2016, will be payable the next business day to shareholders of record at the close of business Oct. 17, 2016. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share wit... 
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09/26/16PNC Retirement Survey Reveals Digital Connection And Expert Advice Crucial To Savings Success
- Forty-five Percent of Investors Consider Themselves "Very Connected" - Only 58 Percent of Investors Used a Mobile Bank App in the Last Year PITTSBURGH, Sept. 26, 2016 /PRNewswire/ -- If consumers want to take more control of their finances, they need to take advantage of the mobile and online tools their financial institution offers, as well as the expertise of a professional investment adviser, according to new survey findings from The PNC Financial Services Group, Inc. (NYSE: PNC). ... 
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09/13/16The PNC Financial Services Group To Report Fourth Quarter And Full Year Earnings January 13
PITTSBURGH, Sept. 13, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the fourth quarter and full year 2016 Friday, Jan. 13, 2017.  PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial-in numbers are 877-402-9243 and 312-281-1202 (international). The following will be ... 
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09/02/16PNC Announces Redemption of PNC Bank 1.150 Percent Senior Notes Due Nov. 1, 2016
PITTSBURGH, Sept. 2, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Oct. 2, 2016 of all of the outstanding Senior Notes due Nov. 1, 2016 issued by PNC Bank, National Association in the amount of $750,000,000 (CUSIP 69349LAP3). The securities have a distribution rate of 1.150 percent and an original scheduled maturity date of Nov. 1, 2016. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and un... 
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08/25/16PNC Executive To Speak At Barclays Global Financial Services Conference
PITTSBURGH, Aug. 25, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking at 10:30 a.m. (ET) Wednesday, Sept. 14 at the Barclays Global Financial Services Conference in New York City. The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents): a link to the live webcast; presentation slides inc... 
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08/09/16The PNC Financial Services Group To Report Third Quarter Earnings October 14
PITTSBURGH, Aug. 9, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the third quarter Friday, Oct. 14, 2016. PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial-in numbers are 877-272-3498 and 303-223-4371 (international). The following will be accessible on PNC's Inv... 
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08/04/16PNC Announces Redemption Of PNC Bank 1.300 Percent Senior Notes Due Oct. 3, 2016
PITTSBURGH, Aug. 4, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Sept. 6, 2016 of all of the outstanding Senior Notes due Oct. 3, 2016 issued by PNC Bank, National Association in the amount of $750,000,000 (CUSIP 69349LAN8). The securities have a distribution rate of 1.300 percent and an original scheduled maturity date of Oct. 3, 2016. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and un... 
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07/18/16PNC Announces Redemption of PNC Funding Corp 2.70 Percent Senior Notes Due Sept. 19, 2016
PITTSBURGH, July 18, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that it has submitted a redemption notice to the trustee for redemption on Aug. 22, 2016 all of the outstanding Senior Notes due Sept. 19, 2016 issued by PNC Funding Corp in the amount of $1,250,000,000 (CUSIP 693476BM4). The securities have a distribution rate of 2.70 percent and an original scheduled maturity date of Sept. 19, 2016. The redemption price will be equal to $1,000 per $1,00... 
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07/15/16PNC Reports Second Quarter 2016 Net Income Of $989 Million, $1.82 Diluted EPS
Strong fee income, well-managed expenses, loan growth PITTSBURGH, July 15, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $989 million, or $1.82 per diluted common share, for the second quarter of 2016 compared with net income of $943 million, or $1.68 per diluted common share, for the first quarter of 2016 and net income of $1.044 billion, or $1.88 per diluted common share, for the second quarter of 2015. "We had a good second quarte... 
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07/07/16PNC Raises Common Stock Dividend To 55 Cents Per Share
PITTSBURGH, July 7, 2016 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 55 cents per share, an increase of 4 cents per share, or 8 percent, from the second quarter dividend of 51 cents per share. The dividend is payable Aug. 5, 2016 to shareholders of record at the close of business July 18, 2016. "Today's board action provides an expanded and well-deserved return to our shareholders," said... 
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06/29/16PNC Receives No Objection To Its Capital Plan
PITTSBURGH, June 29, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions. The capital plan included a recommendation to increase the quarterly cash dividend on common stock by $0.04 cents per share, or 7.8 percent, to $0.55 cents per share, in the third quarter of 2016. PNC's board of directors is expected to consider this reco... 
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06/23/16PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test
PITTSBURGH, June 23, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the results of its annual company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. These company-run stress tests are designed to help assess whether financial institutions have suffic... 
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05/25/16PNC Executive to Speak at Morgan Stanley Investor Conference
PITTSBURGH, May 25, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and banking in a moderated discussion format at the Morgan Stanley Financials Conference in New York City at 10:35 a.m. (ET) Tuesday, June 14. The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents): a link to the live webcast; related materials, including ... 
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05/11/16PNC Chief Executive To Speak At Bernstein Investor Conference
PITTSBURGH, May 11, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak will discuss business performance, strategy and banking in a moderated discussion format at the Bernstein Strategic Decisions Conference in New York City at 3 p.m. (ET) Wednesday, June 1. The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents): a link to the live webcast; re... 
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05/06/16The PNC Financial Services Group To Report Second Quarter Earnings July 15
PITTSBURGH, May 6, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the second quarter Friday, July 15, 2016. PNC Chairman, President and Chief Executive Officer William S. Demchak and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 11 a.m. (ET). Dial-in numbers are 877-272-3568 and 303-223-2695 (international). The following will be accessible on PNC's Inv... 
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04/14/16PNC Reports First Quarter 2016 Net Income Of $943 Million, $1.68 Diluted EPS
Strong balance sheet and capital, expenses controlled PITTSBURGH, April 14, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported net income of $943 million, or $1.68 per diluted common share, for the first quarter of 2016 compared with net income of $1.0 billion, or $1.87 per diluted common share, for the fourth quarter of 2015 and net income of $1.0 billion, or $1.75 per diluted common share, for the first quarter of 2015. "PNC had solid first quarter e... 
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04/04/16PNC Declares Dividend of 51 Cents on Common Stock
PITTSBURGH, April 4, 2016 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of 51 cents per share. The dividend is payable May 5, 2016 to shareholders of record at the close of business April 15, 2016. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share will be payable June 10, 2016 to shareholders of record a... 
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03/31/16Hiring Plans Steady As Business Owners Sour On U.S. Economy
- More than 40 percent pessimistic about U.S. economy; most since 2012 - One in four plan to hire more employees - same as six months ago - Most are unhappy with presidential nominee candidates' plans for business - PNC's chief economist says potential for recession remains very low PITTSBURGH, March 31, 2016 /PRNewswire/ -- Small and mid-sized business owners are cautious about the next six months amid greater pessimism about the economy given the stock market volatility and presi... 
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02/23/16PNC Executive to Speak at RBC Capital Markets Investor Conference
PITTSBURGH, Feb. 23, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Steven Van Wyk, executive vice president and head of Technology and Operations, will discuss business performance, strategy and banking in a moderated discussion format at the RBC Capital Markets Financial Institutions Conference in New York City at 1:55 p.m. (ET) on Tuesday, March 8. The following will be accessible on PNC's Investor Relations website (www.pnc.com/investorevents)... 
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02/16/16The PNC Financial Services Group To Report First Quarter Earnings April 14
Annual Shareholders Meeting To Be Held April 26 PITTSBURGH, Feb. 16, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue financial results for the first quarter of 2016 on Thursday, April 14, 2016. Separately, PNC will hold its Annual Meeting of Shareholders on Tuesday, April 26, 2016. Details regarding these events: 2016 First Quarter Earnings Investor Conference Call: Thursday, April 14 PNC Chairman, President and Chief Exe... 
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01/25/16PNC Executive Vice President Neil F. Hall To Retire
Karen L. Larrimer to Lead Retail Banking PITTSBURGH, Jan. 25, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that Neil F. Hall will retire as executive vice president and head of Retail Banking, effective July 1. PNC Chief Customer Officer Karen L. Larrimer will succeed Hall as head of Retail Banking. "Throughout his 20 distinguished years with PNC, Neil has been a passionate advocate for customers," said William S. Demchak, chairman, president a... 
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01/15/16PNC Reports Full Year 2015 Net Income of $4.1 Billion and $7.39 Diluted EPS
Fourth quarter net income was $1.0 billion and $1.87 diluted EPS Loans, deposits and fee income grew, expenses well managed PITTSBURGH, Jan. 15, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported 2015 net income of $4.1 billion, or $7.39 per diluted common share, compared with 2014 net income of $4.2 billion, or $7.30 per diluted common share. Fourth quarter 2015 net income was $1.0 billion, or $1.87 per diluted common share, compared with $1.1 billion... 
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01/07/16PNC Appoints New Directors
Declares Dividend of 51 Cents on Common Stock PITTSBURGH, Jan. 7, 2016 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today appointed Daniel R. Hesse and Michael J. Ward to its board of directors, effective immediately. Hesse is the former president and chief executive officer of Sprint Corp., one of the United States' largest wireless carriers, a position he held until August 2014. In addition to holding various roles at Sprint, Hesse was previously chairman and... 
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