PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test

PITTSBURGH, PA (STL.News) – The PNC Financial Services Group, Inc. (NYSE: PNC) announced Friday the results of its annual company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System (Federal Reserve) and the Office of the Comptroller of the Currency (OCC) under the Dodd-Frank Wall Street Reform and Consumer Protection Act.  These company-run stress tests are designed to help assess whether banking organizations have sufficient capital to absorb losses and support operations during hypothetical severely adverse economic conditions over a nine-quarter projection period.  The projection period for the 2019 test covers January 1, 2019 to March 31, 2021.

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