The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc.

Overview
Date Founded

1983

Headquarters

300 Fifth Avenue, 29th Floor, Pittsburgh, Pennsylvania, 15222, United States

Type of Company

Public

Employees (Worldwide)

51.3K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate & Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a range of investment, risk management and technology services to institutional and retail clients. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Contact Data
Trying to get in touch with decision makers at The PNC Financial Services Group, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Chief Investment Officer

Executive Vice President & Chief Operating Officer

Executive Vice President, General Counsel & Chief Administrative Officer

Executive Vice President & Chief Risk Officer

Corporate Secretary & Deputy General Counsel, Corporate Governance

Chief Marketing Officer

Chief Human Resources Officer & Executive Vice President

Chief Security Officer

Board of Directors

President & Chief Executive Officer at The PNC Financial Services Group, Inc.

Chief Executive Officer at Ventas, Inc.

Co-Founder & Chief Investment Officer at Assured Investment Management LLC

Former Chief Diversity Officer & Executive Vice President at Comcast Corporation

Affiliate Partner at Lindsay Goldberg LLC

Executive Chairman at Tech & Energy Transition Corp.

Former Chairman & Chief Executive Officer at Greater Lansing Foundation

Former President & Chief Executive Officer at Allegheny Technologies, Inc.

President, US Regulated Industries at Microsoft Corporation

Former Chairman, President & Chief Executive Officer at CSX Corp.

Paths to The PNC Financial Services Group, Inc.
Potential Connections via
Relationship Science
You
The PNC Financial Services Group, Inc.
Owners & Shareholders
Details Hidden

CRMC's International Investors division invests primarily in the stocks of large-cap growth-oriented companies across practically all sectors. Although they invest internationally, most of their investments are in the stocks of North American companies. They maintain an investment philosophy that is distinguished by four key beliefs: (1) solid research is fundamental to sound investment decisions; (2) investment decisions should not be made lightly; (3) a long-term approach; (4) the capital system.

Details Hidden

Welcome to Aristotle, where our mission as a firm is to exceed the investment objectives and service expectations of our clients around the world. We are defined by our philosophy and passionate about investing, priding ourselves on internally generated research that guides the construction of our multiple investment strategies. Whether you are a client at Aristotle or considering becoming a client, you’ll quickly discover our commitment to excellence, stability, growth and integrity.

Details Hidden

PIM’s analysis of the financial markets is generally based on fundamental analysis and research, but also includes quantitative elements. Their research is focused on developing both a top-down view of broader market performance and a bottom-up outlook for individual securities. PIM’s computer-based models are designed to analyze a variety of financial data from various sources and generate investment selections. They rely on research generated in-house which is tailored to the precise needs of our investment professionals. External research is also used - for example, to evaluate consensus views and to augment the research process. In managing assets, PIM has the flexibility to invest in securities and other financial instruments of almost any type (including both cash securities, such as stocks and bonds, and derivative instruments, such as swaps, futures, forwards, and options).

Recent Transactions
Details Hidden

The PNC Financial Services Group, Inc. purchases BBVA Compass Bancshares, Inc. from Banco Bilbao Vizcaya Argentaria SA

Details Hidden

Community Bank System, Inc. purchases Steuben Trust Corp.

Details Hidden

The PNC Financial Services Group, Inc., PNC Riverarch Capital purchase Empire Equipment Co. LLC from Crescendo Capital Partners LLC, Stewart Capital Management LLC, Kian Capital Partners LLC

Transaction Clients
Investment Advisor

Advised on LGP Management, Inc., Leonard Green & Partners LP purchase Car Wash Partners, Inc. from ONEX Corp., ONCAP Management, Inc.

Investment Advisor

Advised on S&T Bancorp, Inc. purchases DNB Financial Corp. (Pennsylvania)

Investment Advisor

Advised on TZP Group LLC purchases Global Employment Solutions, Inc. from Victory Park Capital Advisors LLC, Global Employment Holdings, Inc.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc resulting in a new company Blackrock Global Investors

Accountant

Advised onThe PNC Financial Services Group, Inc. purchases Riggs National Corporation

Legal Advisor

Advised onThe PNC Financial Services Group, Inc. purchases National Bank of Canada /Secured Based Lending Operations from National Bank of Canada

Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc resulting in a new company Blackrock Global Investors

Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc resulting in a new company Blackrock Global Investors

Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc resulting in a new company Blackrock Global Investors

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

American Financial Group, Inc. (NYSE/NASDAQ:AFG) is a holding company based in Cincinnati, Ohio and has been in business for more than fifty years. Our insurance roots go back to the 1800's with the founding of Great American Insurance Company in 1872. Today, through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance ("P&C"), focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities. AFG's purpose is to enable individuals and businesses to manage financial risk using insurance products and services tailored to meet their specific and ever-changing risk exposures. AFG's strategy is to allocate capital to insurance operations which management believes offer a competitive advantage or unique opportunities. AFG's insurance operations are conducted through Great American Insurance Group. The primary objective of our P&C operations is to achieve solid underwriting profitability while providing excellent service to its agents and policyholders. The P&C operations are primarily comprised of a highly diversified group of businesses offering a wide range of specialty commercial coverages and managed by specialists in particular lines of business or customer groups. The major product lines include inland and ocean marine, workers' compensation, agricultural-related products, executive and professional liability, fidelity and surety, collateral protection, umbrella and excess liability, excess and surplus and commercial automobile. This group writes business in all 50 states primarily through independent agents and brokers. Our Annuity operations are focused on sales of traditional fixed and fixed-indexed annuities in the education, bank and individual markets. AFG's primary investment objective is to maximize return on an on-going basis rather than on short-term performance. Our in-house talented team of analysts and investment managers has built a quality investment portfolio that produces a relatively predictable, steady stream of income. Over the years, our conservatively invested, low-risk portfolio has generated solid returns and provided asset growth. Fixed income securities, primarily investment grade bonds and mortgage-backed securities, account for around 94% of our total investments. (Over 87% of our fixed maturity investments are rated "investment grade" by nationally recognized rating agencies -- 96% are rated NAIC 1 or 2, NAIC's highest ratings). Stocks, real estate, policy loans and other investments make up the remainder of the portfolio. Our real estate investments include commercial real estate operations such as office buildings and a group of hotels, marinas and a resort in various parts of the United States as well as apartment and retail commercial developments. Our real estate investment strategy is based upon our history of buying underperforming or out-of-favor assets, developing and managing them "in house", and selling them when we believe value has been maximized. With the power of generations behind it, AFG grows and changes with discipline and integrity. We're proud of who we are, where we've been and where we're going. Our industry is changing and we continue to change as well. We strive to continue to build value for our shareholders, provide quality products and service to our customers and offer a rewarding work environment for our employees.

Key Stats and Financials As of 2020
Market Capitalization
$75.5B
Total Enterprise Value
$15.8B
Earnings Per Share
$16.98
Revenue
$18.2B
Enterprise Value / Sales
0.87x
TEVNet Income
2.11x
Debt TEV
2.56x
Net Profit
$7.5B
Total Debt
$40.6B
Total Equity
$54B
Three Year Compounded Annual Growth Rate Of Revenue
0.49%
Political Donations
Investments
Details Hidden

Message Systems, Inc. provides message management software solutions. Its primary product is the SparkPost Email Delivery Platform, which offers real-time analysis of email delivery and customer engagement, as well as personalized email templates. It serves the enterprise software-as-a-service, financial services, financial technology, and marketing technology industries. The company was founded by George Schlossnagle III and Theo Schlossnagle in 1997 and is headquartered in San Francisco, CA.

Details Hidden

Madaket, Inc. develops software for automation of healthcare enrollments and payments for hospitals. The company was founded by Ted Achtem, Jim P. Dougherty, Scott Soderstrom, Benedict Dsilva and Mads Kvalsvik in 2000 and is headquartered in Cambridge, MA.

Details Hidden

WorkFusion, Inc. designs, develops, and operates a Software-as-a-Service (SaaS) crowd computing platform. The firm offers intelligent automation cloud. The firm serves the banking and finance, insurance, and healthcare industries. The company was founded by Max Yankelevich and Andrew Volkov in 2010 and is headquartered in New York, NY.

Investors
Details Hidden

President, Bellwether Enterprise at Enterprise Community Investment, Inc.

Suppliers
InnerWorkings, Inc. Internet Software & Services | Chicago, Illinois

InnerWorkings, Inc. engages in the provision of marketing execution solutions. It includes procurement of marketing materials, branded merchandise, product packaging, and retail displays. It operates through the following segment: North America, EMEA and LATAM. The North America segment includes operations in the United States, and Canada. The EMEA segment comprises of operations in the United Kingdom, continental Europe, the Middle East, Africa, and Asia. The LATAM segment focuses its operations in Mexico, Central America and South America. The Other segment consists of intersegment eliminations, shared service activities, and unallocated corporate expenses. The company was founded by Scott A. Frisoni, Richard A. Heise, Jr., John McIntyre and Eric Paul Lefkofsky in 2001 and is headquartered in Chicago, IL.

Highwoods Properties, Inc. Trusts & Funds | Raleigh, North Carolina

Highwoods Properties, Inc. operates as a real estate investment trust, which engages in the operation, acquisition and development of office properties. It operates through the office, and other segments. Its markets includes Atlanta, Greensboro, Memphis, Nashville, Orlando, Pittsburgh, Raleigh, Richmond, and Tampa. The company was founded by Ronald P. Gibson in 1978 and is headquartered in Raleigh, NC.

GP Strategies Corp. Computer Software | Columbia, MD

GP Strategies Corp. provides training, e-Learning solutions, management consulting and engineering services. It operates through the following Geographic Segments: North America, EMEA and Emerging Markets (Latin America and Asia Pacific countries). It provides Workforce Transformation Services into three primary solution sets: Organizational Performance Solutions (OPS), Technical Performance Solutions (TPS) and Automotive Performance Solutions (APS). The company was founded in 1959 and is headquartered in Columbia, MD.

Competitors
JPMorgan Chase & Co. Retail & Commercial Banking - New York, NY

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other.

Wells Fargo & Co. Retail & Commercial Banking - Minneapolis, MN

Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance. It firm operates through the following segments: Community Banking, Wholesale Banking, Wealth & Investment Management, and Other. The Community Banking segment offers complete line of diversified financial products and services for consumers and small businesses including checking and savings accounts, credit and debit cards, and automobile, student, and small business lending. The Wholesale Banking segment provides financial solutions to businesses across the United States and globally. The Wealth and Investment Management segment includes personalized wealth management, investment and retirement products and services to clients across U.S. based businesses. The Other segment refers to the products of WIM customers served through community banking distribution channels. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.

Awards & Honors
Rank #171
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #171
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by The PNC Financial Services Group, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of The PNC Financial Services Group, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and The PNC Financial Services Group, Inc..