PNC Financial Services Group, headquartered in Pittsburgh, offers retail banking, corporate banking, and asset management services nationally with 53,932 employees. Its bank subsidiary is PNC Bank.
PNC has been in the news recently: PNC Financial Services Group, Inc. plans to increase its quarterly cash dividend by 6% to $1.70 per share, while maintaining a Stress Capital Buffer of 2.5%. Analysts suggest that major U.S. banks, including PNC, may return more capital to shareholders through buybacks and dividends due to cautious optimism in the market.
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