| PNC Financial Services Group, Inc. | (NY: PNC) |
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May 25, 2013
(Stock Blog Hub,
4/18/13)
The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2013 earnings per share of $1.76 significantly exceeded the Zacks Consensus Estimate of $1.57....(read more)
(Stock Blog Hub,
11/24/12)
San Francisco-based Union Bank – a unit of UnionBanCal Corp. – closed the acquisition of Atlanta-based Smartstreet. Prior to the completion of...(read more)
(ValueWalk.com,
8/30/12)
The U.S economy had slowed down over the last two quarters, but according to the latest statistics, things are about to change for the third quarter, as consumer spending rose...(read more)
PNC Financial Services (PNC) Company Overview
PNC Bank (NYSE: PNC) is a regional bank with about 1,100 branches in the eastern United States.[1]
Unlike other banks, a large percentage of PNC Bank's income comes from non-interest, or fee-based, revenue.[2] As other banks have faced increasing default rates on loans and mortgages, PNC Bank has maintained a steadier stream of income because its interest income makes up a smaller percentage of its total revenue. However, PNC Bank is still highly exposed to commercial real estate construction, home equity loans, and residential mortgages, with more than 45% of its loan portfolio in these three asset classes.[3]
(Read more at Wikinvest
) What's in this PNC analysis on Wikinvest...
- Company Overview
- Business and Financial Metrics[5]
- Business Segments[6]
- Retail Banking (39.5% of total revenues)
- Corporate and Institutional Banking (36.4% of total revenues)
- Asset Management Group (0.7% of total revenues)
- BlackRock (1.8% of total revenues)
- Residential Mortgage Banking (3.0% of total revenues)
- Distressed Assets Portfolio (0.6% of total revenues)
- Key Trends and Forces
- PNC Bank Must Take on Mercantile and Yardville's Assets Without Being Overwhelmed By Their Bad Debt
- Competition
- Regional Competitors
- National Competitors
- References
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