Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  PNC Financial Services Group Inc    PNC

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

PNC Names Demchak President, Setting Potential Succession Path

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2012 | 08:30pm CEST

PNC Financial Services Group Inc. (>> PNC Financial Services) named longtime executive William S. Demchak as president, putting him on track for a potential future in the lender's corner office.

Demchak, 49 years old, has been senior vice chairman since 2009 and has held supervisory responsibility for all of PNC's businesses since 2010. He first joined the bank, which is one of the largest lenders in commercial real estate, in 2002 as its chief financial officer.

Prior to coming to PNC, Demchak worked as head of J.P. Morgan Chase & Co.'s (JPM) structured-finance and credit-portfolio unit.

PNC Chief Executive James E. Rohr, 63 as of March, has served as the lender's CEO since 2000. Rohr, who is also chairman of PNC's board, first joined the company in 1972.

Like its fellow lenders, PNC has been able to steadily reduce its funds set aside to cover risky loans as credit conditions in the U.S. continue to strengthen.

The company's first-quarter profit fell 3.8% as results took a hit from costs tied to its $3.45 billion acquisition of Royal Bank of Canada's (RY, RY.T) U.S. retail-banking unit.

Shares were recently up 34 cents to $65.32.

-By Mia Lamar, Dow Jones Newswires; 212-416-3207; [email protected]

Stocks mentioned in the article : PNC Financial Services
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PNC FINANCIAL SERVICES GRO
10/19 PNC FINANCIAL SERVICES : Releases Results of Dodd-Frank Company-Run Stress Test
10/19 PNC FINANCIAL SERVICES : Bank Names Nick Willis Regional President For Greater A..
10/19 PNC FINANCIAL SERVICES : Executives To Speak At BancAnalysts Association Of Bost..
10/19 PNC BANK : Names Brian Bucher Regional President Of Newly Created Port Cities Re..
10/19 PNC FINANCIAL SERVICES : Badger Meter, Inc. Shares Sold by PNC Financial Service..
10/17 PNC FINANCIAL SERVICES GROUP INC : Earnings Review and Free Research Report: PNC..
10/16 PNC FINANCIAL SERVICES GROUP, INC. ( : PNC) reported earnings of $2.16 per share..
10/16 PNC FINANCIAL SERVICES GROUP INC : ex-dividend day
10/13 PNC FINANCIAL SERVICES GROUP, INC. : Other Events (form 8-K)
10/13DJPNC FINANCIAL SERVICES : Profit Rises on Growth in Commercial Lending -- 2nd Upd..
More news
News from SeekingAlpha
10/19 Renewed Operating Leverage From U.S. Bancorp Nice To See
10/19 Asset Sensitivity And Cost Restructuring Have Brought Comerica's Groove Back
10/18 Not Much Going Right For Wells Fargo Yet
10/18 PNC Financial In The Right Place At The Right Moment Ahead Of A Fed Hike
10/17 PNC Financial Producing Balanced, High Quality Growth
Financials ($)
Sales 2017 16 298 M
EBIT 2017 6 298 M
Net income 2017 4 105 M
Debt 2017 -
Yield 2017 1,92%
P/E ratio 2017 16,07
P/E ratio 2018 14,45
Capi. / Sales 2017 3,98x
Capi. / Sales 2018 3,79x
Capitalization 64 837 M
Chart PNC FINANCIAL SERVICES GRO
Duration : Period :
PNC Financial Services Gro Technical Analysis Chart | PNC | US6934751057 | 4-Traders
Technical analysis trends PNC FINANCIAL SERVICES GRO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 140 $
Spread / Average Target 3,3%
EPS Revisions
Managers
NameTitle
William Stanton Demchak Chairman, President & Chief Executive Officer
Steven C. van Wyk Executive VP, Head-Operations & Technology
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Deborah Guild Chief Information & Security Officer
Richard B. Kelson Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PNC FINANCIAL SERVICES GROUP INC15.20%64 568
JP MORGAN CHASE & COMPANY13.56%344 823
INDUSTRIAL AND COMMRCL BANK OF CHINA LTD42.40%325 771
BANK OF AMERICA19.82%279 379
WELLS FARGO-2.47%263 198
CHINA CONSTRUCTION BANK CORPORATION33.09%240 357