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

Delayed Quote. Delayed  - 12/15 08:30:01 pm
145.42 USD   +1.71%
12/13 PNC FINANCIAL S : Changes Prime Rate
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PNC Names Demchak President, Setting Potential Succession Path

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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; [email protected]

Stocks mentioned in the article : PNC Financial Services
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Financials ($)
Sales 2017 16 302 M
EBIT 2017 6 297 M
Net income 2017 4 129 M
Debt 2017 -
Yield 2017 1,82%
P/E ratio 2017 16,98
P/E ratio 2018
Capi. / Sales 2017 4,17x
Capi. / Sales 2018 3,97x
Capitalization 68 025 M
Chart PNC FINANCIAL SERVICES GRO
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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 143 $
Spread / Average Target -0,13%
EPS Revisions
Managers
NameTitle
William Stanton Demchak Chairman, President & Chief Executive Officer
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Steven C. van Wyk Executive VP, Head-Technology & Innovation
Deborah Guild Chief Information & Security Officer
Richard B. Kelson Independent Director
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