PNC Financial Services Group Inc. Reduces Stake in EQT Co. (NYSE:EQT)

PNC Financial Services Group Inc. lowered its position in EQT Co. (NYSE:EQT) by 64.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 102,470 shares of the oil and gas producer’s stock after selling 185,827 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EQT were worth $1,219,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Manning & Napier Group LLC acquired a new position in EQT in the 2nd quarter valued at about $63,606,000. LSP Investment Advisors LLC purchased a new stake in shares of EQT during the 2nd quarter valued at approximately $45,397,000. State Street Corp lifted its holdings in EQT by 24.7% in the first quarter. State Street Corp now owns 17,973,021 shares of the oil and

Read More

Continue Reading

AI in Finance 2020: Applications & Benefits in Financial Services

  • Artificial intelligence (AI) is revolutionizing how consumers and companies alike access and manager their finances.
  • And with the aggregate potential cost savings for banks from AI applications estimated at $447 billion by 2023, banks are finding new ways to incorporate the tech into their services. 

Artificial intelligence (AI) in finance encompasses everything from chatbot assistants to fraud detection and task automation. Most banks (80%) are highly aware of the potential benefits presented by AI, according to Insider Intelligence’s AI in Banking report. 

The decision for financial institutions (FIs) to adopt AI will be accelerated by technological advancement, increased user acceptance, and shifting regulatory frameworks. Banks using AI can vastly improve the customer experience by offering 24/7 access to their accounts and financial advice services. 

Applications of AI in Financial Services

With key business benefits and pressure from tech savvy consumers top of mind, AI is being implemented by FIs across

Read More

Continue Reading

Eagle Financial Services (OTCMKTS:EFSI) Shares Cross Below Two Hundred Day Moving Average of $26.41

Eagle Financial Services Inc (OTCMKTS:EFSI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $26.41 and traded as low as $25.99. Eagle Financial Services shares last traded at $25.99, with a volume of 1,255 shares traded.

The stock has a fifty day moving average price of $26.14 and a 200-day moving average price of $26.41. The firm has a market capitalization of $88.63 million, a price-to-earnings ratio of 8.61 and a beta of 0.64.

Eagle Financial Services (OTCMKTS:EFSI) last released its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.83 EPS for the quarter. The business had revenue of $11.18 million for the quarter. Eagle Financial Services had a return on equity of 10.52% and a net margin of 22.92%.

In related news, insider John Eugene Hudson sold 2,000 shares of the stock in a

Read More

Continue Reading

Telecommunication Services Market SWOT Analysis by Key Players: Telnet Belgium, TalkTalk Telecom, Rogers Communications

The MarketWatch News Department was not involved in the creation of this content.

Sep 13, 2020 (Market Insight Reports) —
Latest published market study on COVID-19 Outbreak-Global Telecommunication Services Market with + data Tables, Pie Chart, high level qualitative chapters & Graphs is available now to provide complete assessment of the Market highlighting evolving trends, Measures taken up by players, current-to-future scenario analysis and growth factors validated with View points extracted via Industry experts and Consultants. The study breaks market by revenue and volume (wherever applicable) and price history to estimates size and trend analysis and identifying gaps and opportunities. Some are the players that are in coverage of the study are Telnet Belgium, TalkTalk Telecom Group plc, Rogers Communications, Telefonica SA, Virgin Media, Vodafone, Verizon Communications, AT&T Inc., Telus Communications, BCE Inc., Orange S.A, Bharti Airte & T-Mobile.

Get ready to identify the pros and cons of regulatory framework,

Read More

Continue Reading

State Treasurer Wooden launches diversity initiative for financial services industry

Connecticut State Treasurer Shawn T. Wooden has partnered with the Ford Foundation on a new initiative to work with the leaders of major financial services corporations to promote diversity within their workforces and industry.

treasurer ct guns weapons
Wooden

This initiative has resulted in two virtual meetings with executives from the companies – which include Bank of America, BlackRock, Bridgewater Associates, Goldman Sachs, The Hartford and T. Rowe Price Group – to focus on increasing the diversity at the boardroom and senior leadership levels, building pipelines for diverse talent development, identifying and addressing racial pay and opportunity disparities, and ensuring the health and safety of their frontline employees.

The initiative is also examining ways to increase investments and partnerships with minority-owned businesses and provide capital and educational investments into nonwhite communities.

“Corporate America can and should pull the levers of power they hold to work towards a more just society,” said Wooden. “We have

Read More

Continue Reading

Insider Buying: Kingsway Financial Services Inc (NYSE:KFS) Director Purchases 190,000 Shares of Stock

Kingsway Financial Services Inc (NYSE:KFS) (TSE:KFS) Director Joseph Stilwell purchased 190,000 shares of Kingsway Financial Services stock in a transaction on Friday, September 18th. The stock was bought at an average cost of $3.10 per share, with a total value of $589,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Joseph Stilwell also recently made the following trade(s):

  • On Wednesday, September 16th, Joseph Stilwell purchased 35,000 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $3.03 per share, with a total value of $106,050.00.
  • On Monday, September 14th, Joseph Stilwell purchased 36,307 shares of Kingsway Financial Services stock. The stock was bought at an average cost of $2.96 per share, with a total value of $107,468.72.
  • On Thursday, September 10th, Joseph Stilwell purchased 25,412 shares of Kingsway Financial Services stock. The stock was bought at
Read More

Continue Reading

Hartford Financial Services Group Inc (NYSE:HIG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Hartford Financial Services Group Inc (NYSE:HIG) by 0.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,772,040 shares of the insurance provider’s stock after selling 100,314 shares during the quarter. Vanguard Group Inc. owned 11.38% of Hartford Financial Services Group worth $1,571,762,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its stake in Hartford Financial Services Group by 2.8% during the 2nd quarter. Principal Financial Group Inc. now owns 573,657 shares of the insurance provider’s stock valued at $22,115,000 after purchasing an additional 15,383 shares in the last quarter. First Citizens Bank & Trust Co. grew its stake in Hartford Financial Services Group by 12.0% during

Read More

Continue Reading

Discover Financial Services (NYSE:DFS) Shares Down 6.8%

Discover Financial Services (NYSE:DFS)’s stock price fell 6.8% during mid-day trading on Monday . The company traded as low as $54.61 and last traded at $55.02. 4,307,621 shares traded hands during mid-day trading, an increase of 1% from the average session volume of 4,272,640 shares. The stock had previously closed at $59.03.

DFS has been the subject of several recent research reports. Zacks Investment Research cut Discover Financial Services from a “hold” rating to a “sell” rating and set a $54.00 price target for the company. in a research report on Tuesday, July 28th. Wells Fargo & Company upped their price target on shares of Discover Financial Services from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 13th. Bank of America lifted their target price on Discover Financial Services from $54.00 to $56.00 and gave the stock a “neutral” rating in

Read More

Continue Reading

PNC Financial Services Group Inc. Trims Stock Holdings in F.N.B. Corp (NYSE:FNB)

PNC Financial Services Group Inc. trimmed its holdings in F.N.B. Corp (NYSE:FNB) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 138,671 shares of the bank’s stock after selling 9,605 shares during the period. PNC Financial Services Group Inc.’s holdings in F.N.B. were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in F.N.B. by 14.1% in the 2nd quarter. Bank of America Corp DE now owns 3,003,013 shares of the bank’s stock valued at $22,523,000 after buying an additional 371,942 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in F.N.B. by 17.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 108,200 shares

Read More

Continue Reading

New Uber for Business services look to tackle back-to-work COVID challenges

Part of the challenge of bringing employees back to work is making sure they are safe traveling to and from the job, and that they don’t risk getting sick on their lunch break.

Why it matters: Companies can deep-clean their workplaces and rethink office layouts in preparation for their staff’s return. But if employees are riding public transit to work, or streaming out to nearby restaurants at lunchtime, they could be putting everyone at risk.

What’s happening: Uber for Business, the ride-sharing firm’s enterprise arm, is launching new services today to help companies ensure their staffs can commute safely to work and are well-fed on the job.

  • Employee Group Rides will match employees from the same company to commute to work together. 
  • Business Charter will allow companies to reserve an exclusive fleet of cars, shuttles and buses for their employees and customers.
  • Uber users would request a ride on the
Read More

Continue Reading

Load More