PNC Gains $750M Through Notes Sale

PNC Financial Services Group Inc.’s (NYSE:PNC) subsidiary, PNC Funding Corp., has raised $750 million by selling senior notes. The notes carry a coupon rate of 4.375% and mature on August 11, 2020. ...

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PNC Runs Ahead Of Estimates

PNC Financial Services Group Inc.’s (NYSE:PNC) second-quarter net income of $1.47 per share was substantially ahead of the Zacks Consensus Estimate of $1.26 per share. Results also compare favorably...

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Spectranetics Recalls Catheters

Spectranetics Corp. (NASDAQ:SPNC) voluntarily recalled a specific lot of its thrombus extraction catheters due to complaints from the customers regarding certain manufacturing defects. The company has...

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PNC Converts National City Branches

PNC Financial Services Group Inc. (NYSE:PNC) has converted 1,300 branches and over 6 million customers from National City Bank to PNC Bank. The conversion, which is completed six months ahead of the c...

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PNC Bank Widens ATM Network

PNC Bank, a subsidiary of PNC Financial Services Group Inc. (NYSE:PNC), has entered into a partnership with Cardtronics Inc. (NASDAQ:CATM) that will provide its customers access to cash through the fi...

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BK Raises Funds To Buy PNC Unit

In order to partly finance its acquisition of the global investment servicing unit of PNC Financial Services Group Inc. (NYSE:PNC), Bank of New York Mellon Corp. (NYSE:BK) announced a proposed $700 mi...

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PNC Financial Raises Capital

In a regulatory filing with the Securities and Exchange Commission last week, PNC Financial Services Group Inc. (NYSE:PNC) disclosed that its wholly owned subsidiary, PNC Funding Corp., has accomplish...

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AutoNation: Earnings Scorecard

AutoNation, Inc. (NYSE:AN) reported its first quarter for 2010 on April 22, 2010, exactly meeting the Zacks ...

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PNC Financial: Earnings Scorecard

Following the first quarter 2010 earnings release of PNC Financial Services Group Inc. (NYSE:PNC) on April 22, a majority of analysts covering the stock have raised their estimates. The upward bias se...

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Downgrading PNC To Neutral

We are downgrading our recommendation on PNC Financial Services Group Inc. (NYSE:PNC) to Neutral on concerns of weak loan demand in the near term.   PNC Financial has been experiencing a weak loa...

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