Posted on 10/19/20
PNC Financial's Long-Term Qualities Seem Less Than Fully Appreciated
SummaryPNC posted a big beat on core EPS and reported pre-provision profits, but macro concerns (COVID-19 case numbers, stimulus talks, et al) are taking precedence in . . .
Posted on 10/14/20
PNC Reports Third Quarter 2020 Results
The PNC Financial Services Group, Inc. (NYSE: PNC) today reported:Second Quarter Sale of Equity Investment in BlackRock, Inc. - Discontinued Operations In the second quarter of . . .
Posted on 10/13/20
K&W Cafeterias Retains M&A Specialist SC&H Capital
By order of the US Bankruptcy Court, Middle District of North Carolina, Winston-Salem Division, SC&H Capital, a leading investment bank specializing in M&A advisory, has been . . .
Posted on 10/13/20
Vanguard Adds Sprucegrove Investment Management as External Advisor
Vanguard announced Sprucegrove Investment Management Ltd. (Sprucegrove) will be added to the firm's distinguished roster of world-class active management expertise. Effective October 12, 2020, Sprucegrove will . . .
Posted on 10/8/20
SC&H Capital Advises A.C. Furniture Company in its Sale to Multiple Buyers
SC&H Capital, a leading investment bank specializing in M&A advisory, announced it acted as the exclusive investment banker to A.C. Furniture Company, Inc. in the sale . . .
Posted on 10/11/20
Interview with Michael Mufson, Managing Partner, Mufson Howe Hunter
Mufson Howe Hunter & Co. LLC, based in Philadelphia, was formed in 2004 by a group of like-minded investment
Posted on 10/4/20
PaperWorks Announces Major New Investments
BALA CYNWYD, Pa.--(BUSINESS WIRE)--PaperWorks is investing $25 million in additional new, state-of-the-art equipment to enhance its North American capacity and innovation capabilities. The equipment will be . . .
Posted on 10/2/20
PNC Financial Declares Dividend, Stock Rises in Past Week
PNC Financial (NYSE:PNC) is the latest bank to announce its third-quarter dividend, declaring a $1.15 per share quarterly payout on its common stock Thursday.PNC has one . . .
Posted on 9/29/20
F.N.B. Corporation: Great Credit Profile Provides A Solid Entry Point
SummaryA sound credit profile should provide for a valuation premium.The 7%+ dividend looks very sustainable.The recent credit update provides a green light to start to average . . .
Posted on 9/25/20
Iota Communications Closes Additional Financing with its Senior Creditor
Iota Communications, Inc., a wireless communication and data analytics software company, is pleased to announce that it has closed on additional financing from AIP Asset Management, . . .
Posted on 9/10/20
Pittsburgh Penguins Partnership with F.N.B. Corp.
The Pittsburgh Penguins and F.N.B. Corporation (NYSE: FNB), parent company of First National Bank, announced a major partnership agreement that makes F.N.B. the Official Retail Banking . . .
Posted on 9/9/20
LBC Credit Partners Supports CIVC Partners' Investment in iVision
LBC Credit Partners, one of the leading providers of financing solutions to middle market companies, provided a senior secured term loan facility to support the investment . . .
Posted on 9/9/20
2020 Credit Card Debt Paydown – WalletHub Study
With the economy showing signs of life despite the ongoing impact of the coronavirus pandemic, WalletHub’s new Credit Card Debt Study revealed that U.S. consumers paid . . .
Posted on 9/3/20
Northwest Bancshares Pricing Of $125.0 Million Notes
Northwest Bancshares, Inc. (NASDAQ-GS: NWBI), the parent company of Northwest Bank, today announced the pricing of its public offering of $125.0 million aggregate principal amount of . . .
Posted on 9/1/20
Jonathan Dane Launches Defiant Capital Group
PITTSBURGH--(BUSINESS WIRE)--Leading wealth advisor Jonathan Dane announced today the launch of Defiant Capital Group, a boutique asset management firm providing select individuals, families and institutions strategic . . .
Posted on 9/1/20
CluePoints Investment From Summit Partners
LOUVAIN-LA-NEUVE, Belgium & KING OF PRUSSIA, Pa. & LONDON--(BUSINESS WIRE)--CluePoints S.A., a provider of Risk-Based Study Execution (RBx) and Data Quality Oversight software for clinical trials, . . .
Posted on 9/1/20
Shift4 Payments and Sionic Mobile Partner
ALLENTOWN, Pa. & ATLANTA--(BUSINESS WIRE)--Shift4 Payments (NYSE: FOUR), a leader in integrated payment processing solutions and Sionic, a leading provider of connected and mobile commerce services, . . .
Posted on 8/20/20
LBC Credit Partners Provides Senior Secured Term Loan Facility
LBC Credit Partners, one of the leading providers of financing solutions to middle market companies, provided a senior secured term loan facility, as part of a . . .
Posted on 8/17/20
USA Technologies Announces New Credit Facility
MALVERN, Pa.--(BUSINESS WIRE)--USA Technologies, Inc. (OTC:USAT), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, announced today that . . .
Posted on 8/17/20
Patriot Growth Insurance Services Raises Additional Capital
FORT WASHINGTON, Pa.--(BUSINESS WIRE)--Patriot Growth Insurance Services, LLC, one of the country’s largest and fastest-growing national insurance agencies, today announced that it has closed on a . . .
Posted on 8/11/20
Shift4 Payments and Uber Eats Announce Partnership
ALLENTOWN, Pa.--(BUSINESS WIRE)--Shift4 Payments (NYSE: FOUR), the leader in integrated payment processing solutions, and Uber Eats today announced that the on-demand food delivery platform will be . . .
Posted on 8/3/20
Penn Mutual Asset Management Launches New Balanced Income Mutual Fund
HORSHAM, Pa.--(BUSINESS WIRE)--Penn Mutual Asset Management (PMAM), a registered investment advisory firm and wholly owned subsidiary of The Penn Mutual Life Insurance Company (Penn Mutual), announces . . .
Posted on 7/30/20
Here's What the Federal Reserve Just Said About the U.S. Economy
The Federal Reserve's policy-making Federal Open Market Committee (FOMC) just wrapped up its July meeting, and as expected, it left interest rates unchanged. The target range . . .
Posted on 7/28/20
Spouting Rock Acquires Minority Ownership in Copper Rock Capital Partners
BRYN MAWR, Pa.--(BUSINESS WIRE)--Spouting Rock Asset Management, LLC, a multi-boutique manager platform providing investment solutions and services, today announced a joint backing with Copper Rock management . . .
Posted on 7/28/20
2020’s States with the Highest & Lowest Credit Card Debt – WalletHub Study
With Americans starting 2020 off over $1 trillion in credit-card debt and projected to have a net increase of $80 billion this year due in part . . .
Pittsburgh
