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PNC Financial Services Group (NYSE:PNC) Executive Vice President, Michael Duane Thomas, sold 1,000 shares of company stock on November 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold in two separate transactions, with prices ranging from $183.54 to $183.65, for a total value of $183,573.
Following the transactions, Thomas directly owns 5,802 shares of PNC Financial Services Group. This figure includes 34 shares acquired through the PNC Employee Stock Purchase Plan.
In other recent news, PNC Financial Services Group Inc. reported strong financial results for the third quarter of 2025. The company exceeded Wall Street expectations with an earnings per share (EPS) of $4.35, surpassing the forecasted $4.04. Additionally, PNC Financial achieved record revenue of $5.9 billion, exceeding the anticipated $5.83 billion. Despite these positive financial results, the company’s stock experienced a decline, reflecting investor concerns about future growth prospects. In another development, PNC Bank announced a reduction in its prime lending rate to 7.00%, effective October 30, 2025. This new rate marks a decrease from the previous prime rate and serves as a benchmark for setting interest rates on various loans. These recent developments highlight the ongoing financial activities and strategic decisions within PNC Financial Services Group Inc.
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