Company Profile For The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. (PNC.N) (New York Stock Exchange)
sector: Financials · industry: Financial Services - Diversified ·
As of  9:00pm GMT
56.87USD
Price Change
+0.09
Percent Change
+0.16%
 
 
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Overview

The PNC Financial Services Group, Inc. (PNC) is a diversified financial service company. The Company is engaged in four business segments: retail banking, corporate and institutional banking, BlackRock, and Global Investment Servicing. In 2009, PNC focuses on adding three more segments: Residential Mortgage Banking, PNC Asset Management Group and Distressed Assets Portfolio. During the year ended December 31, 2008, the Company consisted of three domestic subsidiary banks, including their subsidiaries, and approximately 79 active non-bank subsidiaries. On December 31, 2008, the Company completed the acquisition of National City Corporation. Prior to the National City acquisition, PNC had businesses engaged in retail banking, corporate and institutional banking, asset management, and global investment servicing, providing many of its products and services nationally and others. PNC also provided certain investment servicing internationally.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, PNC Financial Services Group, Inc.'s interest income increased 92% to $9.14B. Net interest income after LLP increased 66% to $3.82B. Net income applic. to Common decreased 12% to $992M. Net interest income reflect higher yielding loans from the National City acquisition, was partially offset by an interest expenses. Net income was offset by an increase in personnel expenses.

Company Address

The PNC Financial Services Group, Inc.
One PNC Plaza
249 Fifth Avenue
Pittsburgh   PA   15222
P: +1412.7622000
F: +1412.7627829

Total Employees

50529

Find Out More About PNC.N

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