BNET Industries

PNC Financial Services Group Inc.

(PNC) is in the Financial Services Industry

Market Cap:$24.7B

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

www.pnc.com

(412) 762-2000

Peer Companies

NAICS Code Commercial Banking: 522110

Company News

Recent Events

Dow Losing Streak Hits 3

12/17/09 - Bond / Stock Rating - View Story
PNC exec new chairwoman of Community Shelter Board

12/16/09 - Mgmt. Change Leaving - Other - View Story
BRIEF: PNC continues conversion of National City accounts

11/29/09 - Merger / Acquisition - View Story
Evening News Briefs Nov. 29

11/28/09 - Bond / Stock Rating - View Story
Reports: Buffet venture prevails in bid for Capmark

11/24/09 - Merger / Acquisition - View Story
Fed seeking TARP repayment plan

11/24/09 - New Investment - View Story
PNC, National City merger brings real estate opportunities

11/27/09 - Merger / Acquisition - View Story
National City will become PNC Bank next summer

11/17/09 - Bond / Stock Rating - View Story
Business headlines: PNC to change Mich. branches

11/17/09 - Mgmt. Change Entering - Vice President - View Story
ALLEN PARK: City closes real estate deal with Unity Studios (155)

11/18/09 - Merger / Acquisition - View Story
Recession makes it easier for businesses to donate time than money

11/09/09 - Merger / Acquisition - View Story

News & Analysis

pnc and pnc financial services group inc. - All News and Analysis

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. ...

Tags: Bank, Common Stock, Seeking Alpha, PNC, Wall Street Weather, Financial Services, Mergers & Acquisitions, Investment, Finance, National City Corp., PNC Financial Services Group Inc., Financial
PNC's profit beats analysts' forecasts

- 2006-07-20

PNC Financial Services Group Inc. said yesterday that income in the latest quarter rose and earnings topped analysts' expectations. The Pittsburgh-based financial services company, which has operations in the Philadelphia area, said it earned $381 million, or $1.28 a share, on assets of $94.9 billion in the second quarter....

Tags: analyst, asset, earnings, FINANCE, J.P. Morgan Chase & Co., PNC, PNC Financial Services Group Inc., revenue, Thomson Corp.
PNC and Riggs Negotiate Revised Merger Agreement

- 2005-02-10

PITTSBURGH & WASHINGTON -- First graph, second sentence of release should read: Under the terms of the amended agreement, PNC will acquire Riggs for $20.00 per common share, or approximately $652 million (sted Under the terms of the amended agreement, PNC will acquire Riggs for $20.00 per common share, or...

Tags: agreement, FINANCE, Investment, merger, PNC, PNC Financial Services Group Inc., Riggs National Corp., SEC