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PNC's Competitors, Revenue, Number of Employees, Funding and Acquisitions

PNC offers personal and retail banking, mortgage​ loans, retirement planning, and wealth management services for individ... Read more

Based on data from PNC's latest SEC filings

Annual Revenue

Based on data from PNC's latest SEC filings

Employees

William S. Demchak's photo - President of PNC

President

William S. Demchak

CEO Approval Rating

92/100

OVERVIEW

Founded:

1852

Headquarters:

PittsburghPennsylvania

Status:

PublicIndependent Company of NYSEPNC

Industry Sector:

Mortgage Finance

Diversified Financial Services

SIC Code:

6162NAICS listing »

6199NAICS listing »

Top Competitors or Alternatives

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Competitor - 1/1

Is Citigroup a competitor of PNC?

I don't know

Trending News for PNC and PNC's Competitors

January 23, 2020

The Business Journals: Dayton

One of Miami Valley's largest banks to shutter branch at Dayton Mall

The news comes just weeks after the bank confirmed plans to close several branches in early 2020, thr... See more »

January 24, 2020

Reuters

Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo & Co and its officials have racked up well over $4 billion (3 billion pounds) in penaltie... See more »

January 25, 2020

Zolmax News

Head to Head Review: Royal Bank of Scotland Group (OTCMKTS:RBSPF) versus KB Financial Group (OTCMKTS:KB)

Royal Bank of Scotland Group (OTCMKTS:RBSPF) and KB Financial Group (NYSE:KB) are both large-cap fina... See more »

Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

Wells Fargo is perceived as one of PNC's biggest rivals. Wells Fargo was founded in 1852, and its headquarters is in San Francisco, California. Like PNC, Wells Fargo also works within the Mortgage Finance field. Wells Fargo has 205,637 more employees than PNC.

Bank of America is one of PNC's top rivals. Bank of America is a Public company that was founded in 1998 in Charlotte, North Carolina. Like PNC, Bank of America also competes in the Diversified Financial Services sector. Compared to PNC, Bank of America has 155,937 more employees.

SunTrust Banks is PNC's #3 rival. SunTrust Banks is a Private company that was founded in Atlanta, Georgia in 1985. Like PNC, SunTrust Banks also operates in the Mortgage Finance sector. SunTrust Banks has 29,263 fewer employees vs. PNC.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

William S. Demchak

President

- -
53,063
$0
$28.3B
1

Charles Scharf

President & CEO

69/100
258,700
- -
$86.2B
2

Brian T. Moynihan

Chairman & CEO

67/100
204,489
- -
$91.8B
3

CEO

- -
22,899
- -
$9.6B
4

Jamie Dimon

Chairman & CEO

75/100
256,105
- -
$82.8B
5

Michael L. Corbat

CEO

76/100
323,000
$1.2B
$73.1B
6

Andrew Cecere

CEO

82/100
73,333
- -
$23B
7

Richard D. Fairbank

Chairman & CEO

69/100
47,600
- -
$36.4B
8

Alison Rose

CEO

64/100
77,900
- -
$17.5B
9

James E Staley

CEO

57/100
119,300
$808.5M
$27.1B
10

Sergio P. Ermotti

CEO

71/100
60,547
$2.7B
$4.7B
The top 10 competitors in PNC's competitive set are Wells Fargo, Bank of America, SunTrust Banks, Chase, Citigroup, U.S. Bank, Capital One, RBS, Barclays and UBS. Together they have raised over 4.7B between their estimated 1.3M employees. PNC has 53,063 employees and is ranked 9th among it's top 10 competitors. The top 10 competitors average 136,085.

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$28.3B

PNC's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 43.7B. Over the last four quarters, PNC's revenue has decreased by 41.8%. Specifically, in Q3 2019's revenue was $6.1B; in Q2 2019, it was $5.8B; in Q1 2019, it was $5.8B; in Q4 2018, PNC's revenue was $10.5B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Ambassador Financial Group, Inc.

Jan 2019

Source »
undisclosed
AFG provides balance sheet management, portfolio accounting and investment banking services to the financial sector.
Fortis Advisors LLC.

Dec 2017

Source »
undisclosed
Fortis is a provider of financial planning, consulting, investment management and advisory services for individuals and businesses.
The Trout Group LLC.

Nov 2017

Source »
undisclosed
Trout is an investor relation and strategic advisory firm that provides targeting, outreach and market intelligence services to medical and life science sectors.
Flagstar Bancorp Inc

Dec 2011

Source »
$42M
Flagstar Bank is a bank offering financial products and services for individuals and businesses.

-

-

Jun 2011

Source »
undisclosed
-

These are all the companies that PNC has acquired. PNC has acquired 6 companies and its latest acquisition was Ambassador Financial Group, Inc. in Jan 2019. AFG provides balance sheet management, portfolio accounting and investment banking services to the financial sector.

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Hudson provides life cycle management of refrigerants and compressed gases for commercial and industrial chiller plants.
$60M
Dec 18, 2019
Debt
-
AccessOne develops a financial engagement platform that provides medical financing and patient healthcare payment solutions.
$225M
Nov 18, 2019
Debt
-
$100M
Oct 10, 2019
Debt
-
ATI is a manufacturer and supplier of titanium, nickel and cobalt-based machined components for aerospace, defense, automotive and medical industries.
$600M
Oct 02, 2019
Debt
-
MKC is a producer and distributor of machined aluminum die-cast components and subassemblies for transportation and automotive sectors.
$42.4M
Sep 15, 2019
Debt
-

These are all the companies that PNC has invested in. PNC has invested 6 companies and its latest investment was Ambassador Financial Group, Inc. in Jan 2019. AFG provides balance sheet management, portfolio accounting and investment banking services to the financial sector.

PNC News

January 21, 2020The Business Journals: Pittsburgh Business Times

PNC targets Denver for westernmost branches

The bank's national retail digital strategy executive recently visited Denver to scope out possible b... See more »
January 17, 2020Seeking Alpha

PNC Financial Comes Up A Little Short Where It Counts In Q4

See more »
January 16, 2020The Business Journals: Pittsburgh Business Times

PNC economist expects modest growth in new year as region lags

In otherwise positive report of a stable economic forecast for the year ahead, PNC Senior Economic Ad... See more »
January 15, 2020Reuters

UPDATE 1-PNC Financial quarterly profit beats on higher loan growth

PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, dr... See more »
January 15, 2020MarketScreener

Reports Full Year 2019 Net Income Of $5.4 Billion, $11.39 Diluted EPS

(marketscreener.com) PITTSBURGH, Jan. 15, 2020 /PRNewswire/ -- The PNC Financial Services Group, Inc.... See more »
January 15, 2020Seeking Alpha

The PNC Financial Services Group, Inc. 2020 Q4 - Results - Earnings Call Presentation

See more »
January 15, 2020Reuters

PNC Financial fourth-quarter profit rises 2%

U.S. regional bank PNC Financial Services Group Inc posted a 2.2% rise in fourth-quarter profit on We... See more »

PNC Press Releases

November 20, 2019PR Newswire

Federated Investors, Inc. Completes Acquisition of Certain Investment-Related Assets from PNC Bank, N.A.

PITTSBURGH, Nov. 19, 2019 /PRNewswire/ -- Federated Investors, Inc. (NYSE: FII), a leading global inv... See more »
November 15, 2019University Chronicle

PNC Foundation Announces $150,000 Grant To Replace Cincinnati's Inwood Park Playground

The PNC Foundation announced today that it is awarding a $150,000 grant to the Cincinnati Parks Found... See more »
November 13, 2019University Chronicle

PNC Foundation Joins the TMW Center at University of Chicago to Launch New "Any Time is 3Ts Time" to Boost Early Learning

The PNC Foundation today awarded a $3.3 million grant to the TMW Center for Early Learning + Public H... See more »
October 25, 2019CSRwire

PNC Honored with Board Diversity Award

One-fifth of seats on a broad swath of public-company boards are now held by women, up from 19% earli... See more »
October 24, 2019PR Newswire

PNC Executives to Speak at BancAnalysts Association of Boston Conference

PITTSBURGH, Oct. 24, 2019 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announce... See more »
October 3, 2019PR Newswire

PNC Declares Dividend Of $1.15 On Common Stock

PITTSBURGH, Oct. 3, 2019 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, ... See more »
October 2, 2019University Chronicle

PNC Highlights CSR Achievements

The PNC Financial Services Group, Inc. (NYSE: PNC), one of the largest diversified financial services... See more »

PNC Videos

December 4, 2017PNC Youtube Channel

"Christmas Price Index: Partridge in a Pear Tree" on YOUTUBE

See more »
April 25, 2017PNC Youtube Channel

"Home Insight - Hello Home - 15" on YOUTUBE

See more »
April 20, 2017PNC Youtube Channel

"Cash Flow Champions: Saving" on YOUTUBE

See more »
March 20, 2017PNC Youtube Channel

"PNC Doing Well, Doing Right" on YOUTUBE

See more »
March 15, 2017PNC Youtube Channel

"PNC's 2016 Corporate Social Responsibility Report" on YOUTUBE

See more »
February 16, 2017PNC Youtube Channel

"Tax time means IRS imposters are calling & emailing taxpayers" on YOUTUBE

See more »
February 16, 2017PNC Youtube Channel

"Tax Time PNC020817" on YOUTUBE

See more »

Social Statistics

Headquarters

The Tower at PNC Plaza 300 Fifth Avenue

Pittsburgh, Pennsylvania15222

412-762-2000

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

PNC offers personal and retail banking, mortgage​ loans, retirement planning, and wealth management services for individuals and businesses. PNC was founded in 1852. PNC's headquarters is located in Pittsburgh, Pennsylvania, USA 15222. PNC's Presiden...

CEO

PNC's President, William S. Demchak, currently has an approval rating of 92%. PNC's primary competitors are Wells Fargo, Bank of America & SunTrust Banks.

Website

pnc.com

Frequently Asked Questions about PNC

  1. When was PNC founded?

    PNC was founded in 1852

  2. Who is PNC's CEO?

    PNC's CEO is William S. Demchak

  3. How much revenue does PNC generate?

    PNC generates $28.3B in revenue

  4. How much funding does PNC have?

    PNC has historically raised $0 in funding

  5. Where is PNC's headquarters?

    PNC's headquarters is in Pittsburgh Pennsylvania, USA

  1. How many employees does PNC have?

    PNC has 53,063 employees

  2. What sector does PNC operate in?

    PNC is in Mortgage Finance, Diversified Financial Services

  3. Who are PNC's competitors?

    PNC's top competitors are Wells Fargo, Bank of America, SunTrust Banks

  4. Who has PNC invested in?

    PNC's has invested in companies such as Hudson, AccessOne MedCard, Ferroglobe
Stay up-to-date with the latest news on PNC