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PNC Financial (PNC) Company Profile

Updated Aug 5, 2020
PNC Financial has the following business profile:
Company's Full Name:PNC Financial Services
Short Name:PNC Financial
Trading Ticker Symbol:PNC
Primary Exchange:NYSE
Headquarter City/Country:Pittsburgh, Pennsylvania
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank, S&P 500
Dividend Payments:Dividend History
ETFs Holding:List of ETFs holding PNC Financial stock

Market and Trading Information for PNC Financial

The following details were available for trading and market data about the stock of PNC Financial as of writing:
Current Share Price:$106.56
Previous Year's Closing Price:$159.63
Percentage Price Change (YTD):-33.25%
Market Cap:$45.29 billion
52-week Price Range:$79.41 - $161.79
Dividend Per Share:$4.6
EPS (TTM):16.11
Price-Earnings (Trailing):6.61
Price-Earnings (Forward):14.7

Company Profile and Business Description for PNC Financial

The PNC Financial Services Group, Inc., incorporated on January 19, 1983, is a diversified financial services company. The Company has businesses engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, providing its products and services nationally, as well as other products and services in its primary geographic markets located in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, District of Columbia, Delaware, Virginia, Alabama, Georgia, Missouri, Wisconsin and South Carolina. It also provides various products and services internationally. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio. Its bank subsidiary is PNC Bank, National Association (PNC Bank), which is a national bank.

The Company offers a range of loans, such as commercial lending, which consists of commercial, commercial real estate and equipment lease financing, and consumer lending, which consists of home equity, residential real estate, credit card, and other consumer loans, such as automobile, and education and other. As of December 31, 2016, the Company's total loans amounted to $210.83 million. As of December 31, 2016, the Company's total securities amounted $72.05 million. Its deposits include money market, demand, savings and time deposits. As of December 31, 2016, the Company's total deposits amounted to $257.2 million.

Retail Banking

Retail Banking provides deposit, lending, brokerage, investment management and cash management services to consumer and small business customers within the Company's primary geographic markets. The Company's customers are serviced through its branch network, automated Teller Machines (ATMs), call centers, online banking and mobile channels. The branch network is located primarily in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, Florida, North Carolina, Kentucky, Washington, District of Columbia, Delaware, Virginia, Georgia, Alabama, Missouri, Wisconsin and South Carolina.

Corporate & Institutional Banking

Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services to mid-sized and large corporations, government and not-for-profit entities. Lending products include secured and unsecured loans, letters of credit and equipment leases. Treasury management services include cash and investment management, receivables management, disbursement services, funds transfer services, information reporting and global trade services. Capital markets-related products and services include foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory, equity capital markets advisory and related services. The Company also provides commercial loan servicing and technology solutions for the commercial real estate finance industry.

Asset Management Group

Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. Wealth management products and services include investment and retirement planning, customized investment management, private banking, credit solutions, and trust management and administration for individuals and their families. The Company's Hawthorn unit provides multi-generational family planning including estate, financial, tax planning, fiduciary, investment management and consulting, private banking, personal administrative services, asset custody and customized performance reporting to ultra high net worth families. Institutional asset management provides advisory, custody and retirement administration services. Institutional clients include corporations, unions, municipalities, non-profits, foundations and endowments. The business also offers PNC proprietary mutual funds.

Residential Mortgage Banking

Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis with a presence within the retail banking. Mortgage loans represent loans collateralized by one- to-four-family residential real estate. These loans are typically underwritten to government agency and/or third-party standards and either sold, servicing retained or held on the Company's balance sheet. Loan sales are primarily to secondary mortgage conduits of Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Banks and third-party investors or are securitized and issued under the Government National Mortgage Association (GNMA) program. The mortgage servicing operation performs various functions related to servicing mortgage loans, primarily those in first lien position, for various investors and for loans owned by the Company.

BlackRock

BlackRock, in which the Company holds an equity investment, is a publicly traded investment management firm providing investment and risk management services to institutional and retail clients across the world. BlackRock develops investment outcomes and asset allocation solutions for clients. Product offerings include single- and multi-asset class portfolios investing in equities, fixed income, alternatives and money market instruments. BlackRock also offers an investment and risk management technology platform, risk analytics and advisory services, and solutions to institutional and wealth management investors.

Non-Strategic Assets Portfolio

Non-Strategic Assets Portfolio includes a consumer portfolio of mainly residential mortgage and brokered home equity loans and lines of credit and a small commercial lending portfolio. The Company has a portion of these non-strategic assets through acquisitions of other companies.

The Tower At Pnc Plaza, 300 Fift

ETFs Holding PNC Financial Stock

As of March 2020, the following exchange-traded funds (ETF) hold the PNC Financial stocks in their respective portfolios. Below is a random list of only 10 ETFs in no particular order that have PNC Financial stock holding. There are a total of 163 ETFs in Fknol.com records which are holding PNC Financial stock in their portfolio. See Full List.

TickerNameShort DescriptionExpense
Ratio
No. of
Holdings
Dividend
Frequency
ACIMSPDR MSCI ACWI IMI ETFThe SPDR MSCI ACWI IMI ETF tracks a market-cap-weighted index of global stocks covering 98% of the capitalization of the developed and emerging markets. ...Full Details0.25%906
Full List
Semi-Annually
ACWIiShares MSCI ACWI ETFThe iShares MSCI ACWI ETF tracks a market-cap-weighted index of large- and midcap global stocks, covering 85% of the developed and emerging markets capitalization. ...Full Details ...Candlestick Patterns.0.32%1596
Full List
Semi-Annually
AMCAiShares Russell 1000 Pure US Revenue ETFThe iShares Russell 1000 Pure US Revenue ETF tracks a market-cap-weighted index of large- and midcap US stocks that generate a substantial portion of their revenue from domestic sales. ...Full Details0.15%409
Full List
Annually
CATHGlobal X S&P 500 Catholic Values ETFThe Global X S&P 500 Catholic Values ETF tracks an index of US large-cap stocks selected from the S&P 500. The cap-weighted index omits companies from certain industries at odds with Catholic values. ...Full Details0.29%464
Full List
Annually
CHGXChange Finance Diversified Impact US Large Cap Fossil Fuel Free ETFCHGX tracks an index of 100 US large-cap stocks that meet diverse environmental, social, and governance standards. ...Full Details0.49%101
Full List
Annually
CLRGIQ Chaikin US Large Cap ETFThe IQ Chaikin US Large Cap ETF tracks an equal-weighted index of large-cap US stocks. Holdings are selected based on a multi-factor model. ...Full Details0.25%66
Full List
Quarterly
CRBNiShares MSCI ACWI Low Carbon Target ETFThe iShares MSCI ACWI Low Carbon Target ETF tracks an index of stocks from global firms selected for a bias toward lower carbon emissions, but with tight constraints to the broad, marketlike ACWI index. ...Full Details0.2%1204
Full List
Semi-Annually
CSMProshares Large Cap Core PlusThe ProShares Large Cap Core Plus ETF tracks a long/short index of the 500 largest US stocks. It uses a set of rules to assign weights to each equity that add up to 130% long and 30% short exposure. ...Full Details0.45%320
Full List
Quarterly
DEFInvesco Defensive Equity ETFThe Invesco Defensive Equity ETF tracks an index that aims to outperform in down markets while maintaining upside potential. The equal-weighted index picks 100 US stocks using proprietary methods. ...Full Details0.6%101
Full List
Annually
DFNLDavis Select Financial ETFThe Davis Select Financial ETF is an actively managed portfolio of global financial sector stocks. The fund seeks long-term growth of capital. ...Full Details0.65%30
Full List
Annually

See Full List of ETFs holding PNC Financial stock in their respective portfolios.

Peer / Competitor Companies of Major Banks Sector

Along with PNC Financial Services, the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile,  Dividend History

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile,  Dividend History

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile,  Dividend History

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile,  Dividend History

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile,  Dividend History

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile,  Dividend History

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile,  Dividend History

▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile,  Dividend History

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile,  Dividend History

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile,  Dividend History

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile,  Dividend History

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile,  Dividend History

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile,  Dividend History

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile,  Dividend History

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile,  Dividend History

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile,  Dividend History

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile,  Dividend History

▶ BancorpSouth (BXS): BancorpSouth, Inc., incorporated on February 17, 1982, is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations ....See Detailed Company Profile,  Dividend History

▶ Bank of America (BAC): Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- ....See Detailed Company Profile,  Dividend History  and Recent Candlestick Patterns.

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