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Pnc Financial Services Group, Inc. - Company Profile

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Pnc Financial Services Group, Inc. - Overview

Description
Pnc Financial Services is a public company headquartered in Pennsylvania with an estimated 59,426 employees. In the US, the company has a notable market share in at least one industry: Regional Banks, where they account for an estimated 7.3% of total industry revenue and are considered a Rising Star because they display lower market share, but displaying stronger profit and revenue growth than some of their peers.
Company Details

Registered Name: Pnc Financial Services Group, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: The Tower At Pnc Plaza 300 Fifth Avenue Pittsburgh PA 15222-2401

Website: https://www.pnc.com/

Employees: 59426

Pnc Financial Services Group, Inc. - Operating Industries and Main Competitors

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Pnc Financial Services Group, Inc. - Products and Services

  • Regional Banks in the US

  • Of the 6 core revenue-generating products and services in the Regional Banks in the US industry, Pnc Financial Services Group, Inc. offers:
    • Real estate loans
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Pnc Financial Services Group, Inc. - Analyst Insights

PNC Financial Services Group has acquired BBVA USA

In June of 2021, PNC Financial Services Group Inc (PNC) announced that it had completed the acquisition of the U.S. bank of Banco Bilbao Vizcaya Argentaria of Spain (BBVA USA). Following the acquisition, BBVA USA was merged into PNC Bank. Assets merged into PNC Bank included approximately 2.6 million customers, 9,000 employees and over 600 branches across seven states.

New Activity|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Pnc Financial Services Group, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Pnc Financial Services Group, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Regional Banks in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Pnc Financial Services Group, Inc. - Financial Statements & Ratios

pie_chartPnc Financial Services Group, Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue19,211.016,901.016,839.016,190.016,329.015,162.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartPnc Financial Services Group, Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents82,254.092,190.028,474.016,501.033,844.030,590.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartPnc Financial Services Group, Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income5,725.07,558.05,418.05,346.05,388.03,985.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

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