Pnc releases results of dodd-frank company-run stress test

Pittsburgh , june 28, 2024 /prnewswire/ -- the pnc financial services group, inc. (nyse: pnc) announced today the results of its biennial 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.
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