pnc financial services group
(PNC:New York)
pnc financial services group (PNC) Snapshot
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Open
$71.45
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Previous Close
$71.29
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Day High
$71.81
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Day Low
$71.16
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52 Week High
05/30/13 - $73.23
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52 Week Low
11/16/12 - $53.36
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Market Cap
38.0B
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Average Volume 10 Days
2.4M
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EPS TTM
$6.37
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Shares Outstanding
529.4M
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EX-Date
04/12/13
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P/E TM
11.3x
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Dividend
$1.76
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Dividend Yield
2.29%
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pnc financial services group (PNC) Latest News
pnc financial services group (PNC) Related Businessweek News
pnc financial services group (PNC) Details
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company’s Retail Banking segment provides deposit, lending, brokerage, investment management, and cash management services. Its Corporate and Institutional Banking segment offers lending products, such as secured and unsecured loans, letters of credit, and equipment leases; and treasury management services, including cash and investment management, receivables management, disbursement and funds transfer, information reporting, and trade services. This segment also provides commercial loan servicing, technology solutions, and real estate advisory services; and capital markets-related products and services comprising foreign exchange, derivatives, loan syndications, mergers and acquisitions advisory, and related services. The company’s Asset Management Group segment offers wealth management products and services consisting of investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration services; and institutional asset management services. Its Residential Mortgage Banking segment provides residential mortgage loans; and Non-Strategic Assets Portfolio segment offers consumer residential mortgage and brokered home equity loans, as well as commercial loans and leases. The company’s BlackRock segment provides investment management, market risk management, enterprise investment system, and financial markets advisory services. It serves corporations, government and not-for-profit entities, middle-market companies, and institutional and retail clients through its branch network, call centers, online banking, and mobile channels. The company operates a network of 2,881 branches and 7,282 ATMs in Washington, D.C., as well as in 17 states. The PNC Financial Services Group, Inc. was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
pnc financial services group (PNC) Top Compensated Officers
pnc financial services group (PNC) Key Developments
Alex Parlin was promoted to vice president for corporate banking and Jeff Fisher to vice president for credit risk management at PNC Financial Services Group.
The company whose investors include Apple Inc. and Microsoft Corp. has filed a patent infringement complaint against PNC Financial Services Group Inc. Intellectual Ventures claims in the suit, filed May 29 in the U.S. District Court for the Western District of Pennsylvania in downtown Pittsburgh that some of PNC's online banking services violate its patents.
PNC Financial Services Group (PNC) will close 10 branches in its hometown of Pittsburgh as part of a planned $700 million in expense cuts. The closures will take place over the next 90 days. William Demchak, chief executive of the company said that he plans to close 200 branches, or 6.5% of its total network, this year, in an effort to reduce overhead and improve efficiency. PNC has already reached $500 million in cuts this year and will easily pass the $700 million goal. PNC has closed four other Pittsburgh branches this year.

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Industry Analysis
PNC
Industry Average
| Valuation | PNC | Industry Range |
| Price/Earnings | 12.6x |
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| Price/Sales | 2.6x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 11.7x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Mobile, AL | PNCPosted: Jun 18
- Auburn, AL | PNCPosted: Jun 18
- Youngsville, PA | PNCPosted: Jun 18
- Toledo, OH | PNCPosted: Jun 18
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To contact PNC FINANCIAL SERVICES GROUP, please visit www.pnc.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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