BNET Industries
Market Cap:$24.9B
Last Fiscal Year Sales:$9.8B
- Public
- US
Dow Jones Description
PNC is a local bank with national reach. Founded in 1922 and headquartered in Pittsburgh, PA, The PNC Financial Services Group (NYSE: PNC) provides diversified financial services, including banking, real estate finance and asset-based lending, wealth management, asset management and global fund processing services. It serves certain national and international markets and the local area of Pennsylvania, New Jersey, Delaware, Ohio, and Kentucky with 830 branches and 3,770 ATMs. The Company has revenues of approximately $3.73 billion and employs about 25,000 workers. It recently acquired United National Bancorp, Riggs National Corp, and Harris Williams & Co.
Number of Employees 25,313
Contact Information
1 PNC Plaza 249 5th Ave
Pittsburgh, Pennsylvania 15222-2707
(412) 762-2000
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Dow Losing Streak Hits 3
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PNC exec new chairwoman of Community Shelter Board
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BRIEF: PNC continues conversion of National City accounts
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Evening News Briefs Nov. 29
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Reports: Buffet venture prevails in bid for Capmark
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Fed seeking TARP repayment plan
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PNC, National City merger brings real estate opportunities
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National City will become PNC Bank next summer
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Business headlines: PNC to change Mich. branches
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ALLEN PARK: City closes real estate deal with Unity Studios (155)
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Recession makes it easier for businesses to donate time than money
News & Analysis
Filter by
financial services and pnc financial services group inc. - All News and Analysis
Wells Fargo Sells $10.65 Billion in Stock to Exit TARP
Reuters
- 2009-12-16
By Elinor ComlayNEW YORK (Reuters) - Wells Fargo & Co WFC sold $10.65 billion in stock on Tuesday to help repay a $25 billion bailout received from the U.S. government last year.Wells Fargo sold its shares at $25 each, about 2 percent below their closing share price on Monday of...
Wells Fargo Keeps Mum on TARP Repayment Plans
Reuters
- 2009-12-16
NEW YORK (Reuters) - Wells Fargo & Co WFC, one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give...
PNC Financial Service Group Q3 2009 Earnings Call Transcript
Seeking Alpha
- 2009-10-22
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Paul Miller - FBR Capital Markets. Paul Miller - FBR Capital Markets Can we go into a little bit more detail about your NIM? I mean it was a very strong NIM and strong growth and I believe you guide...
Why I Am Long National City
Seeking Alpha
- 2008-10-27
Prudent Speculations submits: PNC Financial’s PNC purchase of National City NCC is an absolute travesty for National City shareholders and for the banks that chose to forgo a purchase of the Ohio lender. The company’s recent quarterly report was fairly positive in my opinion, as it showed a company that...
Treasury Uses TARP for PNC to Acquire National City
Seeking Alpha
- 2008-10-26
Wall Street Weather submits: Pittsburgh based regional bank PNC PNC announced Friday morning it is acquiring Cleveland based regional National City Bank NCC for $5.5 billion. For each share of NatCity common stock, NatCity shareholders will receive 0.0392 per share (about $2.23 a share) of PNC common stock. ...
Testing the TARP: PNC and NCC
Seeking Alpha
- 2008-10-24
Kirk Shinkle submits: After weeks of speculation as its share price headed toward the floor, Cleveland-based regional bank National City NCC goes to PNC Financial Services PNC. The deal creates the country's fifth-largest bank by deposits. by Kirk Shinkle
In a New Era, PNC To Buy National City
Seeking Alpha
- 2008-10-24
Money Morning submits: By Jennifer Yousfi PNC Financial Services Group Inc. PNC became the first U.S. bank to make use of the government’s Troubled Assets Relief Program TARP with its plans to purchase National City Corp. NCC. by Money Morning
PNC Financial Services Group, Inc. Q3 2008 Earnings Call Transcript
Seeking Alpha
- 2008-10-16
Question-and-Answer Session Operator Operator Instructions The first question comes from Edward Najarian - Merrill Lynch. Edward Najarian - Merrill Lynch My question relates to equity and capital raising. Bigger, unrealized loss in the bond portfolio now took the tangible ratio down under 4%. You did sort of...
Two Banks That Don't Need Handouts: PNC, BBT
Seeking Alpha
- 2008-10-16
Trader Mark submits: PNC Financial PNC "missed" by more than BB&T BBT but the market has them both down 5% or so this morning. Even Wells Fargo WFC is down 7% today - miracle of miracles. Overall, two banks not needing government handouts (but I'm sure they'll...
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