PNC Financial Services

PNC Financial Services

PNC Financial Services Overview

(Moody's Rating: Aa2; S&P Rating: A)

PNC Financial Services is a retail banking, asset management group, and corporate and institutional banking company with a deep history that hails back to the mid-19th century. Today, the company serves over 8 million customers as the sixth-largest commercial bank in the United States with branches and ATMs across 19 states. PNC is also a part owner of BlackRock, one of the largest global investment management firms in the country. At the end of 2017, the company holds over $282 billion of assets under administration and sits at the 166th place on the Fortune 500 list.

Key Financials (2017)

Total Revenue:$18.04 billion
Year-Over-Year Revenue Growth:9.82%
Gross Profit:$5.93 billion
Net Income:$5.39 billion

Company Information

The PNC Financial logo, a rated credit tenant in 1031Gateway's 1031 Exchange Investing Articles

PNC Financial Services provides retail banking services for consumers looking to invest, save, finance, and seek credit. The company strives to provide a quality experience for every customer through PNC branches, ATMs, care centers, and online and mobile solutions.

The PNC Asset Management Group provides services of tailored wealth management and private banking for families and individuals (PNC Wealth Management), wealth management solutions for ultra-affluent individuals and families (Hawthorn), and investment management for non-profit organizations and companies (PNC Institutional Asset Management).

PNC is a top five syndicator of middle market loan transactions for institutions and corporations. With a client list of over two-thirds of the Fortune 500 list, they also serve thousands of real estate, healthcare, government, higher education, and non-profit organizations.

In 2004, PNC founded the “Grow Up Great” bilingual initiative for children up to five years old. It has since served 3.7 million children with $128 million in grants distributed to Head Starts and other early childhood education organizations.

PNC placed first in the J.D. Power 2017 National Bank Satisfaction Study, a comprehensive look of customer banking experiences. The company also placed 2nd in Fortune magazine’s list of “The Most Admired Companies for 2018” among superregional banks.

Further Resources

  Company Site | Investor News & Annual Reports | NYSE: PNC

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