Company
The PNC Financial Services Group, Inc.
Headquarters: Pittsburgh, PA, United States
Founded: April 10, 1845
Employees: 57,668
CEO: Mr. William S. Demchak
Market Cap
$60.76 Billion
USD as of Jan. 1, 2024
The PNC Financial Services Group, Inc. Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Company Description
PNC Financial Services Group, Inc., abbreviated as PNC, is a bank holding and financial services company based in Pittsburgh, Pennsylvania. Its regional bank subsidiary, PNC Bank, operates more than 2,400 branches and 9,000 ATMs across 19 states and the District of Columbia. PNC Financial Services also asset management, wealth management, estate planning, loan servicing, and information processing services.
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Industry: Banks—Regional
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Sector:
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Detailed Description
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting services; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions for the commercial real estate finance industry. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, private banking, and trust management and administration solutions; and multi-generational family planning products, such as estate, financial, tax planning, fiduciary, and customized performance reporting services. This segment also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services. As of December 31, 2021, it operated 2,629 branches and 9,523 ATMs. The PNC Financial Services Group, Inc. was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
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Stocks & Indices
The PNC Financial Services Group, Inc. has the following listings and related stock indices.
Stock: NYSE: PNC wb_incandescent
Stock: FSX: PNP wb_incandescent
Stock: NYSE: PNC-P wb_incandescent
Key People
William S. Demchak (CEO) Robert Q. Reilly (CFO)
Financials
Revenue: US$16.329 billion (2017)
Net income: US$5.725 billion (2021)
Total assets: US$557 billion (2021)
Total equity: US$55.726 billion (2021)