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James Rohr

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Acquisition Drives PNC Q1 Profit HW+

Apr 24, 2009By

PNC Financial Services disclosed Friday a $530m, or $1.03 per share, first-quarter income, marking a significant 38% year-over-year increase driven largely by its recent acquisition of National City Bank. “In a very challenging environment we further strengthened our capital and liquidity positions and loan loss reserves,” says James Rohr, chairman and CEO. “We are on pace to exceed the strategic objectives of our acquisition…”

3d rendering of a row of luxury townhouses along a street

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