Tag: $PNC

PNC Financial to buy smaller rival FirstBank in $4.1 billion deal

 U.S. bank PNC Financial (PNC.N), said on Monday it will buy Colorado-based FirstBank Holding in a $4.1 billion cash-and-stock deal. A more sanguine regulatory environment under the Trump administration has opened the doors for large bank M&A to return.

PNC Financial’s interest income forecast trim clouds upbeat quarter

July 18 (Reuters) – PNC Financial Services Group (PNC.N) on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender’s second-quarter earnings beat.