Last $81.97 USD
Change Today -0.59 / -0.71%
Volume 1.2M
As of 1:11 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One PNC Plaza

249 Fifth Avenue

Pittsburgh, PA 15222

United States

Phone: 412-762-2000

Fax:

The PNC Financial Services Group, Inc. operates as a diversified financial service company in the United States. 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, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Alabama, Virginia, Missouri, Georgia, Wisconsin and South Carolina. Segments The company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock, and Non-Strategic Assets Portfolio. Retail Banking segment Retail Banking provides deposit, lending, brokerage, investment management and cash management services to consumer and small business customers within its primary geographic markets. The company’s customers are serviced through its branch network, ATMs, call centers, online banking and mobile channels. The branch network is located primarily in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Alabama, Virginia, Missouri, Georgia, Wisconsin and South Carolina. The company’s core strategy is to acquire and retain customers who maintain their primary checking and transaction relationships. A key element of this strategy is to expand the use of lower-cost alternative distribution channels while continuing to optimize the traditional branch network. Corporate & Institutional Banking segment 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 and mergers and acquisitions advisory and related services to middle-market companies. The company also provides commercial loan servicing, and real estate advisory and technology solutions, for the commercial real estate finance industry. Products and services are provided within its primary geographic markets, with certain products and services offered nationally and internationally. Corporate & Institutional Banking provides financial services in each of the markets the company serves. Asset Management Group segment 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, tailored credit solutions, and trust management and administration for individuals and their families. Institutional asset management provides investment management, custody administration and retirement administration services. Institutional clients include corporations, unions, municipalities, non-profits, foundations and endowments, primarily located in its geographic footprint. Residential Mortgage Banking segment Residential Mortgage Banking directly originates first lien residential mortgage loans, on a nationwide basis with a significant presence within the retail banking footprint, and originates loans through majority owned affiliates. Mortgage loans represent loans collateralized by one-to-four-family residential real estate. These loans are underwritten to government agency and/or third-party standards, and sold, servicing retained, 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 issue

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Industry Analysis

PNC

Industry Average

Valuation PNC Industry Range
Price/Earnings 11.2x
Price/Sales 2.9x
Price/Book 1.1x
Price/Cash Flow 10.4x
TEV/Sales NM Not Meaningful
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