BlackRock Inc.’s largest shareholder, PNC Financial Services Group Inc., said it is exiting its stake in the firm, ending a lucrative yearslong wager on the world’s largest money manager. PNC Financial Services Group Inc. currently owns a roughly 22% stake in BlackRock. PNC bought BlackRock in 1995 for roughly $240 million, but its stake...

Source: Wall Street Journal May 11, 2020 20:50 UTC