PNC to Invest $1 Billion in Branch Network, Open More Than 100 Sites
By Colin Kellaher
PNC Financial Services' PNC Bank unit plans to invest $1 billion over the next five years to bolster its branch network, including the opening of more than 100 new locations.
PNC, which currently has about 2,300 brick-and-mortar locations across the U.S., on Wednesday said it also plans to renovate more than 1,200 of those locations through 2028.
The Pittsburgh-based bank said it plans to open new locations in key cities such as Austin, Dallas, Denver, Houston, Miami and San Antonio.
JPMorgan Chase, the nation's biggest bank with close to 5,000 branches, last week unveiled plans to build 500 new locations in the next three years.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 14, 2024 08:41 ET (13:41 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
3 Dividend Stocks for October 2024
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued