The PNC Financial Services Group, Inc. (NYSE: PNC) is a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company’s Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company’s Asset Management Group segment offers investment and retirement planning, customized investment management, credit, and cash management solutions, and trust management and administration services for high-net-worth and ultra-high net worth individuals, and their families, and multi-generational family planning services for ultra-high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed-income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
Company Overview
- Market Cap: 74.704 Billion
- PE Ratio: 15.69
- EPS: 11.84
- Dividend Yield: 3.44%
- Analyst Recommendation Rating: 4 Strong Buy, 8 Buy, and 17 Hold
PNC Financial Services is one of the largest U.S. banks, offering asset management and traditional, corporate, and institutional banking services. The bank’s geographical diversification, valuable branch network, small average account size, and strong execution make the stock desirable. PNC’s 76% loan-to-deposit ratio is much better than the U.S. regional banking industry average of 84%, while its unrealized securities portfolio losses are below average. CFRA has a “strong-buy” rating and a $200 price target for PNC stock. In conclusion, PNC is the best bank stock to own now and forever.