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(CHARTPOPPERS.COM, February 04, 2010 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company PNC Financial Services (NYSE: PNC)
The Consolidated Investment Analysis on PNC Financial Services (NYSE: PNC) will be in particular interest to other competing companys within in its sector, such as Citigroup Inc. (NYSE:C), JP Morgan Chase. (NYSE: JPM) and HSBC Holdings. (NYSE: HBC)
The PNC Financial Services Group, Inc. (PNC) is a diversified financial service company. The Company is engaged in four business segments: retail banking, corporate and institutional banking, BlackRock, and Global Investment Servicing. In 2009, PNC focuses on adding three more segments: Residential Mortgage Banking, PNC Asset Management Group and Distressed Assets Portfolio
Recent News on PNC Financial Services (NYSE: PNC)
PNC Financial Services announced that it priced a $3.0 billion offering of 55.6 million shares of its common stock at $54.00 per share. The underwriters will have a 30-day option to purchase up to an additional 8.3 million shares of common stock from the Company to cover over-allotments, if any. The closing is expected to occur on or about February 8, 2010. As previously announced, PNC reached an agreement with its banking regulators and the U.S. Treasury permitting it to redeem the $7.6 billion of preferred shares held by the U.S. Treasury under the Troubled Asset Relief Program (TARP) Capital Purchase Program. The common stock offering and the previously announced plan to sell PNC Global Investment Servicing, Inc. are part of the agreement. Subject to market conditions, PNC plans to offer senior notes in an aggregate amount of $1.5 billion to $2.0 billion. The debt offering is intended to provide additional parent company liquidity in connection with the redemption of the TARP preferred shares, which will follow the debt offering and is anticipated to occur during February 2010. Any offers with respect to the proposed debt offering will be made only by a separate prospectus. J.P. Morgan Securities Inc. and Morgan Stanley & Co. Incorporated acted as joint bookrunning managers for the common stock offering.
To view the Consolidated Investment Analysis on PNC Financial Services (NYSE: PNC) Please visit the stock pulse page at www.chartpoppers.com
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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