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    PNC

PNC FINANCIAL SERVICES GROUP (PNC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Fed Fines Five Large Banks -- WSJ

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/13/2018 | 08:48am CEST
By Ryan Tracy 

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 13, 2018).

WASHINGTON -- The Federal Reserve fined five big banks a total of $35.1 million for issues related to financial-crisis-era mortgage servicing and foreclosures, while also moving them out of the penalty box for what it said was a "substantial improvement" in their practices.

The fines relate to deficiencies that regulators saw in the wake of a meltdown in the U.S. housing market around the 2008-09 financial crisis.

Goldman Sachs Group Inc. was fined $14 million; Morgan Stanley, $8 million; CIT Group Inc., $5.2 million; U.S. Bancorp, $4.4 million, and PNC Financial Services Group Inc., $3.5 million.

The five firms had been slapped with enforcement actions in 2011 and 2012 for what the Fed said were "deficiencies in residential mortgage loan servicing and foreclosure processing."

The Fed said the firms have made "substantial improvement" in their practices.

The central bank didn't provide an explanation for the timing of the penalties. Banks can be subject to enforcement orders for years before they remediate regulators' concerns.

Separately, the Fed penalized Goldman Sachs $90,000 for violations related to the National Flood Insurance Act.

Representatives of U.S. Bancorp, CIT and PNC said they were pleased the matter has been resolved. Morgan Stanley declined to comment. Goldman Sachs didn't reply to a request for comment.

Write to Ryan Tracy at [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
CIT GROUP INC. 0.10% 51.29 Delayed Quote.4.18%
GOLDMAN SACHS GROUP -0.22% 227.82 Delayed Quote.-10.38%
MORGAN STANLEY -0.06% 49.89 Delayed Quote.-4.86%
US BANCORP -0.74% 51.27 Delayed Quote.-4.31%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on PNC FINANCIAL SERVICES GRO
06/18PNC FINANCIAL SERVICES : Bank Provides $315 Million To Athletic Shoes, Accessori..
PU
06/13PNC FINANCIAL SERVICES : Changes Prime Rate
PR
06/13BATTLE OF THE SEXES : How Millennials' Financial Attitudes, Habits Differ by Gen..
PR
06/07BNY Mellon Names Catherine Keating CEO of BNY Mellon Wealth Management -- Upd..
DJ
06/06PNC FINANCIAL SERVICES : Announces Second Quarter 2018 Earnings Conference Call ..
PR
06/05PNC FINANCIAL SERVICES : Harris Williams & Co. Ltd Advises Livingbridge on its A..
AQ
06/04PNC FINANCIAL SERVICES : Colliers open house
AQ
06/01AUTODESK : Russell Investments Group Ltd. Buys 79,293 Shares of Autodesk, Inc. (..
AQ
05/31PNC FINANCIAL SERVICES : Trademark Application for "REMOTE SAFE SOLUTION" Filed ..
AQ
05/31PNC FINANCIAL SERVICES : Trademark Application for "MIDLAND LOAN SERVICES" Filed
AQ
More news
News from SeekingAlpha
03:03aHere come the Fed's stress tests 
06/15Financials take a beating as trade spat intensifies 
06/14U.S. banks fall as ECB keeps rates unchanged, day after Fed raises 
06/13PNC Financial (PNC) Presents At Morgan Stanley Financials Conference - Slides.. 
06/05Super Regional Banks Can Be Traded, But Are Not Great Investments 
Financials ($)
Sales 2018 17 132 M
EBIT 2018 6 858 M
Net income 2018 4 952 M
Debt 2018 -
Yield 2018 2,39%
P/E ratio 2018 13,39
P/E ratio 2019 12,21
Capi. / Sales 2018 3,90x
Capi. / Sales 2019 3,71x
Capitalization 66 739 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
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 162 $
Spread / Average Target 14%
EPS Revisions
Managers
NameTitle
William Stanton Demchak Chairman, President & Chief Executive Officer
E. William Parsley Chief Operating Officer & Executive Vice President
Robert Q. Reilly Chief Financial Officer & Executive Vice President
Steven C. van Wyk Executive VP, Head-Technology & Innovation
Deborah Guild Chief Information & Security Officer
Sector and Competitors
1st jan.Capitalization (M$)
PNC FINANCIAL SERVICES GROUP-1.48%66 739
JP MORGAN CHASE & COMPANY1.16%368 329
INDUSTRIAL AND COMMERCIAL BANK OF CHINA-7.42%306 892
BANK OF AMERICA-0.41%298 097
WELLS FARGO-9.21%268 398
CHINA CONSTRUCTION BANK CORPORATION-5.86%262 984