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Wednesday, April 7, 2010 as of 11:14 AM ET

PNC Financial Services Group

PNC Financial Services Group, Inc. is a U.S.-based financial services corporation, with assets (as of December 31, 2011) of approximately $271.205 billion.

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JPMorgan's Loss Sends Chill Through Banking Sector

JPMorgan Chase's (NYSE:JPM) surprise $2 billion trading loss triggered a selloff in the banking sector on Friday morning as Wall Street frets about what the massive red ink could mean for other big banks like Citigroup (NYSE:C) and Goldman Sachs (NYSE:GS).

The losses were easily led by JPMorgan itself, which tumbled 9% in premarket action after the No. 1 U.S. bank by assets shocked the Street by revealing it racked up $2 billion in red ink due to a botched hedging strategy.The blunder marks a major setback for New York-based JPMorgan, which is seen as a safer big bank than its peers, as well as CEO Jamie Dimon, who has been looked at as a respected leader on Wall Street.Dimon didn't mince words about the negative developments, telling analysts and investors late Thursday it was "egregious, self-inflicted," adding that, "we will admit it, we will fix it and move on."A slew of analysts issued negative notes in response to the news on Friday. FBR downgraded JPMorgan to "market perform" fro...

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  1. Financial Sector Wrap

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  7. Morgan Stanley, Bristol Myers Squibb Included in Stocks Up on High Volume Thursday

    Today, these stocks are up on high volume:Morgan Stanley (NYSE:MS) experienced a price hike on above-average volume today, trading at a volume of 49.6 million, or tw...

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