Last $84.91 USD
Change Today -0.205 / -0.24%
Volume 1.5M
PNC On Other Exchanges
Symbol
Exchange
Berlin
Mexico
As of 3:27 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

pnc financial services group (PNC) Snapshot

Open
$85.30
Previous Close
$85.11
Day High
$85.39
Day Low
$84.76
52 Week High
07/3/14 - $90.00
52 Week Low
10/9/13 - $70.63
Market Cap
45.9B
Average Volume 10 Days
1.8M
EPS TTM
$7.19
Shares Outstanding
540.6M
EX-Date
07/11/14
P/E TM
11.8x
Dividend
$1.92
Dividend Yield
2.17%
Current Stock Chart for PNC FINANCIAL SERVICES GROUP (PNC)

pnc financial services group (PNC) Details

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock, and Non-Strategic Assets Portfolio. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business customers through branch network, ATMs, call centers, online banking, and mobile channels. This segment operates 2,714 branches and 7,445 ATMs. The Corporate & Institutional Banking segment provides lending products, such as secured and unsecured loans, letters of credit, and equipment leases; treasury management services, including cash and investment management, receivables management, disbursement and funds transfer, information reporting, and trade services; and foreign exchange, derivatives, securities, loan syndications, mergers and acquisitions advisory, and related services. This segment also offers commercial loan servicing, and real estate advisory and technology solutions. The Asset Management Group segment provides wealth management products and services comprising investment and retirement planning, customized investment management, private banking, tailored credit solutions, and trust management and administration; and institutional asset management services. The Residential Mortgage Banking segment offers first lien residential mortgage loans. The BlackRock segment provides investment management, market risk management, enterprise investment system, and financial markets advisory services. The Non-Strategic Assets Portfolio segment offers consumer residential mortgage, brokered home equity loans, and lines of credit, as well as commercial loans and leases. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.

pnc financial services group (PNC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $922.1K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $475.0K
Head of Operations & Technology and Executive...
Total Annual Compensation: $1.9M
Head of Corporate & Institutional Banking and...
Total Annual Compensation: $700.0K
Senior Vice Chairman and Chief Risk Officer
Total Annual Compensation: $620.0K
Compensation as of Fiscal Year 2013.

pnc financial services group (PNC) Key Developments

The PNC Financial Services Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2014

The PNC Financial Services Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported net income attributable to common shareholders of $1.1 billion, or $1.85 per diluted common share, for the second quarter of 2014 compared with net income attributable to common shareholders of $1.1 billion, or $1.98 per diluted common share, for the second quarter of 2013. Return on average assets was 1.31% compared to 1.48% for the same period last year. Return on average common equity was 10.12% compared to 11.71% for the same period last year. Book value per common share at the period end was $75.62 compared to $68.32 as on June 30, 2013. Total revenue was $3,810 million, compared to $4,064 million for the last year. Income before income taxes and non-controlling interests was $1,410 million, compared to $1,502 million for the last year. Both net interest income and noninterest income declined compared with second quarter 2013. Core net interest income decreased due to a second quarter 2014 change in classification to noninterest income of certain commercial facility fees of $31 million, lower yields on loans and lower investment securities balances partially offset by commercial loan growth. Net interest income was $2,129 million, compared to $2,258 million for the last year. For the six months, the company reported total revenue of $7,587 million, compared to $8,019 million for the last year. Income before income taxes and non-controlling interests was $2,829 million, compared to $2,853 million for the last year. Net income attributable to common shareholders was $1,993 million, compared to $1,986 million for the last year. Diluted earnings per common share were $3.67 compared to $3.72 for the last year. Return on average common shareholders' equity was 10.24% compared to 11.16% for the last year. Return on average assets was 1.33% compared to 1.41% for the last year. Net interest income was $4,324 million, compared to $4,647 million for the last year. The company reported net charge-offs decreased to $145 million for the second quarter from $208 million in the second quarter of 2013.

The PNC Financial Services Group, Inc. Declares Quarterly Dividend and Preferred Dividend on Series B, Series K, Series O, Series P, and Series Q, Payable on Aug. 5, 2014, Sept. 10, 2014, Aug. 21, 2014, Aug. 1, 2014 and on Aug. 1, 2014 Respectively

The board of directors of The PNC Financial Services Group, Inc. declared a quarterly cash dividend on the common stock of 48 cents per share. The dividend is payable on Aug. 5, 2014 to shareholders of record at the close of business July 15, 2014. The board also declared a cash dividend on the series of preferred stocks: Series B: a quarterly dividend of 45 cents per share will be payable on Sept. 10, 2014 to shareholders of record at the close of business Aug. 15, 2014. Series K: a quarterly dividend of $113.64 per share ($11.364 per each depositary share, 10 of which represent one share of Series K preferred stock) will be payable on Aug. 21, 2014 to shareholders of record at the close of business July 31, 2014. Series O: a semi-annual dividend of $3,375.00 per share ($33.75 per each depositary share, 100 of which represent one share of Series O preferred stock) will be payable on Aug. 1, 2014 to shareholders of record at the close of business July 15, 2014. Series P: a quarterly dividend of $1,531.25 per share ($0.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) will be payable on Aug. 1, 2014 to shareholders of record at the close of business July 15, 2014. Series Q: a quarterly dividend of $1,343.75 per share ($0.3359375 per each depositary share, 4,000 of which represent one share of Series Q preferred stock), with a payment date of Sept. 1, 2014 will be payable the next business day to shareholders of record at the close of business Aug. 15, 2014.

The PNC Financial Services Group, Inc. to Open New Global Headquarters in Pittsburgh

The PNC Financial Services Group, Inc. has announced that it will open its new global headquarters, the tower at PNC Plaza, in downtown Pittsburgh, Pennsylvania in the US. The 33-story, 800,000-square foot tower is located on the Southeast corner of Fifth Avenue and Wood Street and will house approximately 2,200 employees upon its opening in the fall of 2015. The building will help accommodate PNC's growth and support further business development in Downtown Pittsburgh.

 

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