The PNC Financial Services Group
Stock Symbol: PNC
One PNC Plaza
249 Fifth Avenue
The PNC Financial Services Group Industry:
The PNC Financial Services Group Description:
The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is one of the nation's largest diversified financial services organizations, providing regional community banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services.
The PNC Financial Services Group Financial Summary:
For the nine months ended 30 September 2005, PNC Financial Services's net income for the period increased 9% to $970M. Results for the period reflect an increase in earning assets, average loan growth driven by targeted sales efforts, a rise in yields on assets, the acquisition of Riggs and an increase in non-interest income driven by higher asset management fees, increased banking fees, higher trading income and increased equity management income.
The PNC Financial Services Group Business Summary:
The PNC Financial Services Group, Inc. (PNC) is a diversified financial services company in the United States, operating businesses engaged in regional community banking, wholesale banking, wealth management, asset management and global fund-processing services. PNC operates directly and through subsidiaries, providing many of its products and services nationally, and others in its primary geographic markets in Pennsylvania, New Jersey, Delaware, Ohio and Kentucky. PNC comprises two subsidiary banks, including their subsidiaries, and over 40 active non-bank subsidiaries. PNC Bank, National Association, headquartered in Pittsburgh, Pennsylvania, is the Company's principal bank subsidiary. PNC's businesses include Regional Community Banking, Wholesale Banking, PNC Advisors, BlackRock, Inc. and PFPC. On January 1, 2004, PNC completed the acquisition of United National Bancorp, Inc. Effective January 31, 2005, through its subsidiary, PNC acquired SSRM Holdings, Inc.