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)

53.1K

Industries

Retail & Commercial Banking
Holding Companies

Company Description

PNC Financial Services Group, Inc. engages in the provision of diversified financial services. The company's financial services include: retail and business banking; residential mortgage banking; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-backed lending; wealth management and asset management. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment provides deposit, lending, brokerage, trust, investment management, and cash management services to consumer and small business customers within its primary geographic markets. The Corporate & Institutional segment provides lending, treasury management, and capital markets-related products and services to mid-sized corporations, government and not-for-profit entities, and selectively to large corporations. 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 broad range of investment, risk management and technology services to institutional and retail clients worldwide. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President, General Counsel & Chief Administrative Officer

Chief Marketing Officer

Chief Human Resources Officer & Executive Vice President

Chief Information Security Officer

Chief Accounting Officer, Senior Vice President & Controller

Executive Vice President, Head-Liability & Capital Management

Executive Vice President, Head of Corporate & Institutional Banking & Head of Asset Management Group

Board of Directors

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

Chief Executive Officer at Ventas, Inc.

President & Chief Executive Officer at CSX Transportation, Inc.

Chief Executive Officer at TDY Industries LLC

Former Chairman & Chief Executive Officer at Greater Lansing Foundation

Co-Founder, Chief Investment Officer, Partner at BlueMountain Capital Management LLC

Chairman, President & Chief Executive Officer at ServCo LLC

Former Deputy Comptroller, Credit & Market Risk at Office of the Comptroller of the Currency

Former President, Chief Executive Officer & Director at Sprint Corp.

President & Chief Executive Officer at Structural Metals, Inc.

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The PNC Financial Services Group, Inc.
Owners & Shareholders
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Wellington Management's investment services rely on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macroanalysts, quantitative analysts and technical analysts. Wellington Management's portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team's investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

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Berkshire Hathaway employs the value investing principles of Benjamin Graham. Their investment approach focuses on buying shares of companies as a long-term investment. The firm seeks to invest in businesses that are easy to understand and have high ROE, exceptional management teams and limited debt. Rather than a diversified stock portfolio, Berkshire Hathaway invests in a small number of trusted investments that are overweighed in order to leverage the expected returns. The firm owns stock in a diverse group of over 50 public and private companies in wide range of industries including, but not limited to, manufacturing, retail, energy and finance. Investments are typically financed using the float from Berkshire Hathaway, Inc.'s insurance operations. Securities are sold when the firm no longer feels comfortable with the fundamentals of a company.

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ACIM uses a variety of methods of analysis and investment strategies in managing our clients' assets. These methods of analysis and strategies are generally designed for strategic, long-term investing. Most client portfolios managed by the firm pursue an investment strategy using an equity, fixed income, alternative or multi-asset approach. Equity Portfolios offer and manage a broad range of equity investment strategies. These strategies can be specific to an investment style, including growth, core and value, or may be designed to be style-neutral. In addition, ACIM manage strategies that are global/multinational or may be focused on particular geographic regions or a specific country. ACIM also invest in fixed income instruments across duration (from money market and short bond to intermediate to long bond) and credit (from investment grade to high yield) spectrums. Some approaches seek investment opportunities across various sectors, including government, securitized, corporate, bank loans and other floating rate debt, municipal and emerging markets debt, while others are limited to one or more of those sectors. They also manage global, multiregional and multicurrency approaches. Some active multi-asset portfolios include diversified exposure to a range of asset classes, while other portfolios are concentrated on specific sectors of the global capital markets. Active asset allocation decisions can be based on fundamental research, quantitative and/or technical analytical tools. ACIM also manages portfolios that are concentrated in certain sectors or security types, such as real estate, global gold, utilities, and inflation-protected bonds.

Recent Transactions
Details Hidden

Federated Investors, Inc. purchases Pnc Capital Advisors LLC /Investment Management Bus from The PNC Financial Services Group, Inc.

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The PNC Financial Services Group, Inc., PNC Bank, NA purchase Ambassador Financial Group, Inc. from Ambassador Partners LLC

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The PNC Financial Services Group, Inc., PNC Riverarch Capital purchase Pirtek Europe Ltd. from The Halifax Group LLC

Insider Transactions
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

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

Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc

Legal Advisor

Advised onBank of America Corp., The PNC Financial Services Group, Inc., BlackRock, Inc. purchase Barclays Global Investors NA from Barclays Plc

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Clients

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions. Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries. We offer investment consulting and retirement planning services through Morningstar Associates, LLC and Ibbotson Associates; registered investment advisors and wholly owned subsidiaries of Morningstar, Inc. We also offer MorningstarĀ® Managed Portfolios, an asset management service for financial advisors, through Morningstar Investment Services, Inc., a registered investment advisor, broker/dealer, and a subsidiary of Morningstar, Inc.

On Deck Capital, Inc. engages in online small business lending. It offers financing solution for small businesses, including short term loans, long term loans, and lines of credit. The company was founded on May 4, 2006 and is headquartered in New York, NY.

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 2018
Market Capitalization
$63.9B
Total Enterprise Value
$96.3B
Earnings Per Share
$10.71
Revenue
$19.5B
Total Debt
$57.4B
Enterprise Value Sales
4.93x
TEVNet Income
18.24x
Debt TEV
0.6x
Net Profit
$5.28B
Total Equity
$47.8B
Three Year Compounded Annual Growth Rate Of Revenue
7.62%
Five Year Compounded Annual Growth Rate Of Revenue
3.07%
Political Donations
Investments
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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.

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WorkFusion, Inc. operates software-as-a-service crowd computing platform. Its products include smart process automation, chatbots and smartcrowd. The firm serves the banking and financial services, information and commerce industries. The company was founded by Max Yankelevich and Andrew Volkov in 2010 and is headquartered in New York, NY.

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Digital Asset Holdings LLC develops and builds ledger technology solutions. It offers technology for various use cases in the areas of corporate syndicated loan, the U.S. treasury repo, private stock, foreign exchange, payment, public stock, derivative, transaction reporting, factoring, bond, and digital currency aspects. The company was founded by Sunil Gordhan Hirani and Donald Ray Wilson, Jr. in 2014 and is headquartered in New York, NY.

Investors
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President, Bellwether Enterprise at Enterprise Community Investment, Inc.

Suppliers
LivePerson Inc. Internet Software & Services | NEW YORK, NY

LivePerson, Inc. engages in the provision of mobile and online messaging solutions. It operates through Business and Consumer segments. The Business segment enables brands to leverage intelligence engine to connect with consumers through an integrated suite of mobile and online business messaging technologies. The Consumer segment involves in facilitating online transactions between independent service providers and individual consumers seeking information and knowledge for a fee via mobile and online messaging. The company was founded by Robert P. LoCascio on November 29, 1995 and is headquartered in New York, NY.

InnerWorkings, Inc. Advertising & Marketing | 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. Engineering, Construction & Architecture | Raleigh, North Carolina

Highwoods Properties, Inc. is 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 1994 and is headquartered in Raleigh, NC.

Competitors
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. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Wells Fargo & Co. Retail & Commercial Banking - SAN FRANCISCO, CA

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. The 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.

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

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
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