pnc financial services group
(PNC:New York)
pnc financial services group (PNC) Snapshot
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Open
$71.37
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Previous Close
$71.51
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Day High
$71.94
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Day Low
$71.15
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52 Week High
05/20/13 - $71.94
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52 Week Low
11/16/12 - $53.36
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Market Cap
37.7B
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Average Volume 10 Days
2.5M
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EPS TTM
$5.99
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Shares Outstanding
529.4M
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EX-Date
04/12/13
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P/E TM
11.9x
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Dividend
$1.76
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Dividend Yield
2.30%
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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
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.
The PNC Financial Services Group, Inc. announced that William S. Demchak has assumed the position of president and chief executive officer. Former Chief Executive Officer James E. Rohr took the new position of executive chairman. The changes became effective April 23, 2013 at PNC's Annual Meeting of Shareholders. Rohr announced in February that he will retire in 2014. He will serve in the new position for one year to ensure a smooth transition. Demchak joined PNC in 2002 as chief financial officer. In 2005, he became head of Corporate & Institutional Banking. He was promoted to senior vice chairman in 2009 and named head of all PNC businesses in 2010. He was elected PNC president in April 2012, and joined PNC's Board of Directors in February 2013. Prior to joining PNC, Demchak served as head of Structured Finance and Credit Portfolio for JPMorgan Chase & Co. Demchak is a director of BlackRock, Inc.
The PNC Financial Services Group, Inc.(NYSE:PNC PRLCL) dropped from S&P Preferred Stock Index
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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 | 11.8x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Arlington Heights, IL | PNCPosted: May 16
- Chicago, IL | PNCPosted: May 16
- Long Grove, IL | PNCPosted: May 16
- West Bend, WI | PNCPosted: May 16
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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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