PNC Financial Services Group
PNC Financial Services Group
Industry
About PNC Financial Services Group
PNC Financial Services Group Inc is a notable equity in the USA market. The price is currently 189.07 USD with a change of 3.26 USD (0.02%) from the previous close. The latest trade time is Tuesday, August 5, 01:28:39 PDT.
The PNC Financial Services Group, Inc. is a diversified financial services institution headquartered in Pittsburgh, Pennsylvania. Established in 1852, PNC has grown to become one of the largest banks in the United States, offering a comprehensive range of services to individual, corporate, and institutional clients.
Retail Banking
PNC's Retail Banking segment provides a wide array of services tailored to meet the needs of consumers and small businesses. These include checking and savings accounts, residential mortgages, home equity loans, auto loans, credit cards, and personal loans.
Additionally, PNC offers brokerage, insurance, and investment management services. Customers can access these through a network of branches, digital channels, ATMs, and phone-based customer contact centers.
Corporate & Institutional Banking
This segment caters to mid-sized and large corporations, government, and not-for-profit entities. Services offered include secured and unsecured loans, letters of credit, equipment leases, cash and investment management, receivables and disbursement management, funds transfer, international payment services, and online/mobile reporting.
PNC also provides asset-backed financing, securities underwriting, loan syndications, mergers and acquisitions advisory, and commercial loan servicing.
Asset Management Group
PNC's Asset Management Group offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management for high net worth and ultra-high net worth individuals and their families.
Additional services include multi-generational family planning, outsourced chief investment officer services, custody, cash and fixed income solutions, and retirement plan fiduciary investment services for institutional clients.
Recent Developments
In April 2025, PNC appointed Mark Wiedman, a former senior executive at BlackRock, as its president. This strategic move signals the bank's ambitions for expansion and greater competition with industry giants like JPMorgan Chase.
Wiedman brings extensive experience from his tenure at BlackRock, the U.S. Treasury, and McKinsey, and is expected to play a pivotal role in PNC's growth initiatives.
Locations
PNC operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. The bank’s headquarters, known as the Tower at PNC Plaza, is located at 300 Fifth Avenue, Pittsburgh, PA 15222.
In Arizona, PNC has a presence in the following locations:
- Tucson, AZ, USA
- Phoenix, AZ, USA
- Gilbert, AZ, USA
PNC also operates in Birmingham, AL, US, expanding its reach beyond Arizona.
PNC's diverse service offerings and strategic leadership position it as a significant player in the U.S. financial services industry, committed to delivering comprehensive solutions to its clients.