PITTSBURGH, Nov. 8, 2018 /PRNewswire/ -- The PNC
Financial Services Group, Inc. (NYSE: PNC) announced that it
received approval from the Federal Reserve today to repurchase up
to an additional $900 million in
common shares through the end of the second quarter of 2019. This
is in addition to the share repurchase programs of up to
$2.0 billion approved by the Federal
Reserve as part of PNC's 2018 capital plan, which was announced on
June 28, 2018.
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.
The PNC Financial Services Group, Inc. is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
CONTACTS:
MEDIA:
Marcey
Zwiebel
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan
Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE PNC Financial Services Group, Inc.