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 CET

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; mia.lamar@dowjones.com

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
01/23 PNC FINANCIAL SERVICES : Riverarch Capital Successfully Exits Investment In Gold..
01/23 PNC FINANCIAL SERVICES : Bank Names Alex Overstrom Head of Aviation Finance
01/23 PNC FINANCIAL SERVICES : Jennifer LaClair To Lead PNC Business Banking
01/23 Spirit Airlines Inc. (SAVE) Position Increased by Wells Fargo & Company MN
01/23 KOREA ELECTRIC POWER CORP : . Short Interest Up 67.3% in December
01/18 PNC FINANCIAL SERVICES GROUP INC : Post Earnings Coverage as PNC Financial's Bot..
01/17 PNC FINANCIAL SERVICES : Home Lending Slows at PNC
01/17 PNC FINANCIAL SERVICES GROUP INC : Financial Sector Rises After Big Banks Report..
01/13 PNC FINANCIAL SERVICES : PNC) Gains with Earnings on Tap
01/13DJPNC FINANCIAL SERVICES : Reports Higher Profit, Revenue
More news
Sector news : Banks - NEC
02:03aDJINDUSTRIAL BANK OF KOREA : Raises US$300 Million Via USD Bond Sale -- Term Sheet
01:24a CITIGROUP : fined $28.8 million for harm to home borrowers
01:15a Deutsche Bank fails to end BlackRock, Pimco mortgage debt lawsuit
01:08aDJBankers Cash In on Postelection Stock Rally
01/23DJCITIGROUP : Units Settle CFPB Mortgage Servicing Claims for $28.8 Million
More sector news : Banks - NEC
News from SeekingAlpha
01/20 M&T BANK : Thinking The Unthinkable
01/20 Buy PepsiCo At $99 - Cramer's Lightning Round (1/19/17)
01/18 'FIFTY SHADES OF PAIR TRADES' SERIES : Long JPM - Short WFC
01/17 Banking's Most Important Metric Flashes 'Strong Buy'
01/17 Protecting Against A Correction In Goldman Sachs
Advertisement
Financials ($)
Sales 2017 15 860 M
EBIT 2017 5 795 M
Net income 2017 3 823 M
Debt 2017 -
Yield 2017 1,96%
P/E ratio 2017 14,92
P/E ratio 2018 13,29
Capi. / Sales 2017 3,60x
Capi. / Sales 2018 3,40x
Capitalization 57 091 M
More Financials
Chart PNC FINANCIAL SERVICES GRO
Duration : Period :
PNC Financial Services Gro Technical Analysis Chart | PNC | US6934751057 | 4-Traders
Full-screen chart
Technical analysis trends PNC FINANCIAL SER...
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 124 $
Spread / Average Target 5,9%
Consensus details
EPS Revisions
More Estimates 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
Richard B. Kelson Independent Director
Dennis F. Strigl Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
PNC FINANCIAL SERVICES..0.33%57 091
JPMORGAN CHASE & CO.-3.04%299 393
WELLS FARGO & CO-0.07%276 578
INDUSTRIAL AND COML BA..2.49%229 978
BANK OF AMERICA CORP2.44%227 591
BANK OF CHINA LIMITED2.33%188 504
More Results