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Allspring Global Investments Boosts Stake in PNC Financial Services
Allspring Global Investments significantly increased its stake in The PNC Financial Services Group, Inc. by 176.6% in the fourth quarter of 2025, adding 96,016 shares to total 150,376 shares worth $31.8 million. This move suggests Allspring sees strong potential in the regional bank, highlighting PNC’s large retail branch network and diverse commercial services. The increase indicates confidence in PNC’s growth prospects, given its substantial presence across the United States.