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2023-08-07 00:55:39 ET Summary Most of the banks on this list had even larger total unrealized losses at the end of 2Q compared to 1Q. With interest rates moving higher, the unrealized losses may continue to increase in 3Q. The BTFP lending program to distressed banks has redu...
2023-08-04 13:15:03 ET Summary Unemployment remains at 3.5% with slight revisions to previous NFP numbers. Employment increased by 187,000 in July, led by healthcare, social assistance, financial activities, and wholesale trade. The S&P 500 holds at the 4,500 range, with a...
2023-08-04 11:53:10 ET Compared to the recession talk that was the rage only a few quarters ago, the Q2 earnings season has brought with it a different kind of outlook. The rhetoric from some of Wall Street's most prominent firms has been more optimistic and has reinvigorated the market wit...
NORTHAMPTON, MA / ACCESSWIRE / August 1, 2023 / The PNC Financial Services Group A message from Richard Bynum, PNC's chief corporate responsibility officer What is a bank's role? At PNC, we understand that we are a pillar of each community we serve. We strive to be good stewards of our ...
2023-07-30 14:17:00 ET The proposed Basel III endgame rules, while largely in line with expectations, still means that a group of banks with assets between $100B-$700B will be subject to stricter capital rules than they currently are. And the largest banks will need to comply with stricter ...
2023-07-27 13:23:30 ET The three big U.S. banking regulators on Thursday jointly proposed to strengthen regulations across a broader range of U.S. banks, namely applying to all institutions with more than $100B of assets, in the so-called "Basel III endgame." The proposal doesn't affect...
2023-07-26 08:00:00 ET Summary Regular readers will remember I was simplifying my approach to writing options this quarter. This article gives explanations on how that is working (very well). I also review each trade and how they did, plus listing all my open option positions. Tra...
PHILADELPHIA, PA / ACCESSWIRE / July 24, 2023 / PNC Bank named Monica L. Burch as southeast territory executive for Community Development Banking, encompassing the states of Alabama, Florida, Georgia, the Carolinas, Maryland, Tennessee, Virginia and the District of Columbia. Burch brings more t...
2023-07-24 07:30:00 ET Summary The Federal Reserve will conclude their two-day July policy meeting on Wednesday, July 26. A 25 basis point increase in the overnight benchmark rate to a range of 5.25% to 5.50% is widely expected. I expect Chairman, Jerome Powell, to highlight b...
2023-07-19 12:37:21 ET Summary PNC Financial is trading higher following the Q2 earnings release, but the share price performance is lagging the broader regional index. As one of the first major regionals to report, PNC turned in promising data surrounding deposits and credit qual...
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Survey of women business leaders shows more optimism for economy and business success than men. NORTHAMPTON, MA / ACCESSWIRE / July 22, 2024 / The PNC Financial Services Group PNC | Insights Passion, collaboration and community are key to running a successful business. That's according to...
2024-07-18 13:12:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
After a successful run in six pilot cities, PNC will expand a free financial education initiative to nine new markets this year. PNC | Insights NORTHAMPTON, MA / ACCESSWIRE / July 17, 2024 / A PNC-led effort to help bridge gaps in financial education and to equip local community residen...