PNC Financial to Invest Additional $500M to Double Branch Openings

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The PNC Financial Services Group, Inc. PNC has announced plans to increase its branch investment by $500 million to open more than 100 additional branches and renovate 200 existing locations across ...

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PNC has announced plans to increase its branch investment by $500 million to open more than 100 additional branches and renovate 200 existing locations across ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pnc-financial-invest-additional-500m-163800637.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PNC Financial to Invest Additional $500M to Double Branch Openings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPNC Financial to Invest Additional $500M to Double Branch Openings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-12 00:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pnc-financial-invest-additional-500m-163800637.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The PNC Financial Services Group, Inc. PNC has announced plans to increase its branch investment by $500 million to open more than 100 additional branches and renovate 200 existing locations across ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pnc-financial-invest-additional-500m-163800637.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"https://finance.yahoo.com/news/pnc-financial-invest-additional-500m-163800637.html","article_id":"2482047759","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/o3V8cpKj9KVxoddm7RswQQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e47efa9bc9631c2b487973852f0ea0c9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482047759","pubTimestamp":1731343080,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The PNC Financial Services Group, Inc. PNC has announced plans to increase its branch investment by $500 million to open more than 100 additional branches and renovate 200 existing locations across the United States. This was followed by the bank’s announcement in February 2024 to invest $1 billion to open more than 100 branches and renovate more than 1,200 existing locations by 2028.The increased investment brings PNC’s total investment to nearly $1.5 billion to open more than 200 new branches across 12 U.S. cities and renovate 1,400 existing locations over the next five years.PNC plans to expand its branch network throughout Atlanta, Charlotte, Orlando, Phoenix, Raleigh and Tampa, with additional new branches planned specifically for Miami. Each new branch will have a team of highly skilled bankers to address clients' unique financial needs and support their financial goals.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0106831901.USD":"贝莱德世界金融基金A2","BK4559":"巴菲特持仓","BK4501":"段永平概念","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4566":"资本集团","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU2129689431.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","BK4534":"瑞士信贷持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4581":"高盛持仓","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4553":"喜马拉雅资本持仓","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4585":"ETF&股票定投概念","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0971096721.USD":"富达环球金融服务 A","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","PNC":"PNC金融","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4504":"桥水持仓","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU2129689514.USD":"FRANKLIN GLOBAL INCOME \"A\" (USD) INC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0149725797.USD":"汇丰美国股市经济规模基金","BAC":"美国银行"},"translate_title":"PNC Financial将额外投资5亿美元将分行数量增加一倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PNC":1,"BAC":1},"content_text":"The PNC Financial Services Group, Inc. PNC has announced plans to increase its branch investment by $500 million to open more than 100 additional branches and renovate 200 existing locations across the United States. This was followed by the bank’s announcement in February 2024 to invest $1 billion to open more than 100 branches and renovate more than 1,200 existing locations by 2028.The increased investment brings PNC’s total investment to nearly $1.5 billion to open more than 200 new branches across 12 U.S. cities and renovate 1,400 existing locations over the next five years.PNC plans to expand its branch network throughout Atlanta, Charlotte, Orlando, Phoenix, Raleigh and Tampa, with additional new branches planned specifically for Miami. Each new branch will have a team of highly skilled bankers to address clients' unique financial needs and support their financial goals.\nPNC’s Extensive Branch Network\nAt present, PNC Financial has the fourth largest branch network with more than 2,200 across the United States.  Further, PNC serves its customers through more than 60,000 ATMs nationwide as well as through online and mobile banking platforms and its customer-care centers. The company also owns 22 mobile branches that partner with community organizations to take banking access to low-and-moderate-income communities, as well as taking services to areas affected by natural disasters.\nPNC Financial’s Expansion Into Key Markets\nThe additional expansion of branches follows PNC's previously announced plan from February 2024 to strengthen its coast-to-coast presence in key cities, including Austin, Dallas, Denver, Houston, Miami and San Antonio.With this, the bank is poised to improve its branch network and extend access to banking services for its customers and communities nationwide.Alex Overstrom, head of Retail Banking at PNC Bank, stated, \"We fully understand that our branches play a crucial role in how we provide solutions and financial advice to the millions of clients that walk through our doors each month. Building on the scale of our current platform, today's announcement further underscores our commitment to continuously invest in our branch network and empower our clients with convenient, in-person access to local financial experts.\"\nParting Thought on PNC Financial\nBy expanding its presence in key growth markets, PNC Financial is likely to witness an increase in its customer base, positioning the bank for sustained growth and solidifying its position as one of the largest retail banks in the United States.\nPNC Financial’s Price Performance and Zacks Rank\nPNC shares have rallied 29.1% over the past six months compared with 19.7% growth for the industry.\nImage Source: Zacks Investment Research\nAt present, PNC carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nSimilar Steps Taken by PNC’s Peers\nIn September 2024, Bank of America BAC announced plans to open more than 165 new financial centers by 2026-end, with nearly 40 branches set to open in 2024.  This move aligns with BAC's commitment to broaden its retail presence and offer enhanced in-person services. The latest openings include Bank of America's first financial center in Louisville, KY, with plans to establish four additional centers by 2025. In May 2024, Wells Fargo WFC announced to renovate and modernize its branches, evolving the in-person banking experience and helping its clients meet their financial goals.\nThis initiative includes an expansion of WFC’s mobile and digital banking options, along with updated ATMs featuring cardless access and a wider range of cash withdrawal denominations.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nBank of America Corporation (BAC) : Free Stock Analysis Report\nWells Fargo & Company (WFC) : Free Stock Analysis Report\nThe PNC Financial Services Group, Inc (PNC) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482047759"}