Today, the President & CEO of PNC Financial (PNC), William Demchak, sold shares of PNC for $2.31M.
In addition to William Demchak, one other PNC executive reported Sell trades in the last month.
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Based on PNC Financial’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $5.37 billion and quarterly net profit of $1.36 billion. In comparison, last year the company earned revenue of $4.81 billion and had a net profit of $1.34 billion. The company has a one-year high of $145.30 and a one-year low of $108.45. PNC’s market cap is $61.08B and the company has a P/E ratio of 12.40.
In the last 30 days, insiders have sold $2.31M worth of PNC shares and purchased $124.4K worth of PNC shares. The insider sentiment on PNC Financial has been negative according to 91 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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PNC Financial Services Group, Inc. engages in the provision of diversified financial services. The company’s financial services include: retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within its primary geographic markets. The Corporate & Institutional segment provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government and not-for-profit entities, and selectively to large corporations. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a broad range of investment, risk management and technology services to institutional and retail clients worldwide. The company was founded in 1983 and is headquartered in Pittsburgh, PA.
