The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc.

PNC-PP
The PNC Financial Services Group, Inc.US flagNew York Stock Exchange
25.45
USD
+0.04
- -
The PNC Financial Services Group, Inc.
PNC-PP
(New York Stock Exchange)

Recent

price

25.45

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ratio

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yld

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Business
The PNC Financial Services Group, Inc. (PNC) is a diversified financial services holding company headquartered in Pittsburgh, Pennsylvania, with roots tracing back to predecessor institutions founded in 1845 and formally established through a 1983 merger. PNC operates one of the largest regional bank franchises in the United States, providing retail banking including deposit accounts, consumer lending, mortgages, credit cards and online/mobile platforms; corporate and institutional banking encompassing treasury management, capital markets, investment banking, real estate finance and asset-based lending; wealth management and asset management services for high-net-worth individuals and institutions; as well as specialized solutions for government entities, mid-market corporations and alternative asset managers. The company maintains approximately 2,300 branches and serves customers across 27 states and the District of Columbia, with a coast-to-coast presence in 29 of the 30 largest U.S. markets following its 2021 acquisition of BBVA USA. In recent developments, PNC announced in September 2025 a definitive agreement to acquire FirstBank Holding Company for approximately $4.1 billion in stock and cash, expected to close in early 2026 and significantly expand its retail footprint in Colorado and Arizona through retention of all FirstBank branches; in May 2025, it agreed to acquire Aqueduct Capital Group to enhance services for private equity, private credit and real asset managers; and in November 2025, it expanded its branch network growth plan to over 300 new locations by 2030 with a $2 billion investment, targeting high-growth markets including Nashville, Chicago, Tampa Bay, Atlanta, Dallas, Houston and the Southeast while committing to renovate its entire existing branch network by 2029 and hire more than 2,000 new employees.