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Stock impact report

PNC Releases Results of Dodd-Frank Company-Run Stress Test [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act. These company-run stress tests are designed to help assess whether banking organizations have sufficient capital to absorb losses and support operations during hypothetical severely adverse economic conditions over a nine-quarter projection period. The projection period for the 2024 test covers Jan. 1, 2024 to March 31, 2026 "The results of the stress test reflect PNC's continued financial strength and flexibility," said PNC Chairman and Chief Executive Officer William S. Demchak . "Our balance sheet is well-positioned to meet the needs of our customers—and all of our stakeholders—through the cycle and across a range of challenging economic conditions, including the hypothetical stresses of a severe economic recession." Under the hyp Show less Read more
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