PNC Gets OK to Repurchase $900M in Shares
PITTSBURGH – PNC Financial Services Group announced today that it received approval from the Federal Reserve to repurchase up to an additional
This is in addition to the share repurchase programs of up to
PNC’s common share repurchases may be executed through the open market or in privately negotiated transactions, including under Rule 10b5-1 plans. The timing and amount of executed repurchases will be based on market conditions and other factors.
On Oct. 12, PNC reported a third-quarter net income of $1.400 billion, or $2.82 per diluted common share.
Copyright 2020 The Business Journal, Youngstown, Ohio.
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