PNC FINANCIAL SERVICES GROUP, INC. — Form 8-K
Filed September 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 18/100
What the filing says
PNC announced the redemption of all 525,000 outstanding Depositary Shares representing interests in its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series S, for a total of $525 million at $1,000 per share. The redemption will occur on November 2, 2026 (shifted from November 1 due to a non-business day), with payment processing through Computershare Trust Company, N.A. via the Depository Trust Company.
Why this rating
Routine preferred stock redemption (~0.72% of market cap); administrative capital management activity with no operational or strategic change.
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