Market Summary
USD123.56-0.39
Delayedas of 21 Sep 2023, 12:24 pm-0.31%
PNC Alerts
PNC Stock Price
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PNC Price/Sales (Trailing)
PNC Profitability
PNC Fundamentals
PNC Revenue
PNC Earnings
Price Action
52 Week Range
110.31170.28
(Low)(High)
Last 7 days
0.3%
Last 30 days
0.8%
Last 90 days
0.4%
Trailing 12 Months
-23.6%
PNC Financial Health
PNC Investor Care
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Net sales
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Latest Insider Trading transactions for PNC
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-11 | Jordan Gregory B. | gifted | - | - | -4,250 | general counsel and cao |
2023-07-20 | HANNON MICHAEL J | acquired | 413,496 | 128 | 3,221 | executive vice president |
2023-06-07 | Salesky Bryan Scott | bought | 50,840 | 127 | 400 | - |
2023-04-21 | ALVARADO JOSEPH | bought | 123,895 | 123 | 1,000 | - |
2023-04-17 | Deborah Guild | sold (taxes) | -536,136 | 125 | -4,286 | executive vice president |
2023-03-15 | Fallon Kieran John | bought | 125,450 | 125 | 1,000 | executive vice president |
2023-03-14 | Lyons Michael P. | sold | -751,992 | 129 | -5,800 | executive vice president |
2023-03-13 | DEMCHAK WILLIAM S | bought | 129,698 | 129 | 1,000 | president/ceo |
2023-02-16 | Lyons Michael P. | sold (taxes) | -1,681,150 | 158 | -10,620 | executive vice president |
2023-02-16 | Reilly Robert Q | sold (taxes) | -768,546 | 158 | -4,855 | executive vice president |
Which funds bought or sold PNC recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | added | 31.25 | 238,427 | 1,031,530 | 0.88% |
2023-09-12 | Farther Finance Advisors, LLC | added | 31.04 | 32,029 | 139,301 | 0.03% |
2023-09-12 | Prosperity Wealth Management, Inc. | added | 6.62 | 13,058 | 243,509 | 0.16% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -2.99 | -4,932 | 122,549 | 0.04% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 413,872 | 413,872 | 0.02% |
2023-09-07 | JAG CAPITAL MANAGEMENT, LLC | added | 1.68 | 13,710 | 1,822,960 | 0.21% |
2023-09-05 | Delos Wealth Advisors, LLC | unchanged | - | -120 | 13,099 | 0.02% |
2023-08-30 | Western Wealth Management, LLC | added | 16.62 | 31,261 | 232,351 | 0.02% |
2023-08-30 | CHAPIN DAVIS, INC. | added | 19.07 | 50,126 | 328,730 | 0.16% |
2023-08-28 | DT Investment Partners, LLC | added | 2.35 | 117,204 | 977,670 | 0.11% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
PNC Alerts
Schedule 13G FIlings of PNC Financial Services Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | blackrock inc. | 7.3% | 29,621,892 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 9.27% | 37,402,648 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 4.7% | 20,119,935 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 8.74% | 36,927,929 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 7.1% | 29,974,459 | SC 13G/A | |
| Feb 16, 2021 | price t rowe associates inc /md/ | 6.2% | 26,391,754 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 7.92% | 33,546,895 | SC 13G/A | |
| Feb 04, 2021 | wellington management group llp | 3.33% | 14,091,462 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 6.3% | 26,683,701 | SC 13G/A | |
| Feb 14, 2020 | capital world investors | 4.5% | 20,094,883 | SC 13G/A |
Recent SEC filings of PNC Financial Services Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | 4 | Insider Trading | |
| Sep 11, 2023 | SC 13G | Major Ownership Report | |
| Sep 11, 2023 | SC 13G/A | Major Ownership Report | |
| Aug 18, 2023 | 8-K | Current Report | |
| Aug 16, 2023 | 424B2 | Prospectus Filed | |
| Aug 15, 2023 | 424B5 | Prospectus Filed | |
| Aug 15, 2023 | FWP | Prospectus Filed | |
| Aug 11, 2023 | 13F-HR | Fund Holdings Report | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Jul 24, 2023 | 4 | Insider Trading |
Peers (Alternatives to PNC Financial Services Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
JPM | 436.6B | 173.2B | -0.79% | 29.18% | 9.13 | 2.52 | 35.92% | 22.61% |
BAC | 227.1B | 110.0B | -2.06% | -15.41% | 7.62 | 2.06 | 51.38% | 6.30% |
WFC | 158.6B | 72.5B | 0.89% | -0.61% | 9.72 | 2.19 | 73.83% | -8.32% |
USB | 52.8B | 25.2B | -6.39% | -22.62% | 9.1 | 2.09 | 79.85% | -14.63% |
PNC | 49.7B | 22.9B | 0.83% | -23.59% | 7.79 | 2.17 | 38.72% | 11.55% |
FHN | 6.1B | 3.5B | -11.71% | -51.31% | 5.45 | 1.72 | 63.30% | 33.69% |
| MID-CAP | ||||||||
CFR | 6.6B | 2.0B | -2.47% | -33.62% | 10.07 | 3.77 | 87.42% | 64.02% |
BOKF | 6.1B | 1.9B | -3.36% | -14.34% | 9.54 | 3.2 | 63.51% | 27.47% |
ZION | 5.2B | 3.4B | 2.23% | -37.84% | 5.94 | 1.52 | 49.65% | 2.44% |
PNFP | 5.1B | 1.9B | -1.50% | -22.08% | 8.13 | 2.65 | 77.79% | 14.10% |
| SMALL-CAP | ||||||||
PRK | 1.6B | 434.3M | -6.36% | -26.52% | 11.14 | 3.6 | 26.93% | -3.25% |
TRMK | 1.3B | 738.4M | -10.92% | -34.59% | 12.53 | 1.76 | 72.51% | -6.48% |
WABC | 1.1B | 270.1M | -6.63% | -23.24% | 7.32 | 4.19 | 51.23% | 68.79% |
HOPE | 1.1B | 919.0M | -6.74% | -37.65% | 5.91 | 1.17 | 55.57% | -16.98% |
PNC Financial Services Group News
Returns for PNC
Cumulative Returns on PNC
8.0%
10-Year Cumulative Returns
7.3%
7-Year Cumulative Returns
-0.2%
5-Year Cumulative Returns
5.9%
3-Year Cumulative Returns
Risks for PNC
What is the probability of a big loss on PNC?
73.1%
Probability that PNC Financial Services Group stock will be more than 20% underwater in next one year
45.4%
Probability that PNC Financial Services Group stock will be more than 30% underwater in next one year.
18.5%
Probability that PNC Financial Services Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does PNC drawdown profile look like?
Y-axis is the maximum loss one would have experienced if PNC Financial Services Group was unfortunately bought at previous high price.
Drawdowns
Financials for PNC Financial Services Group
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 13.1% | 22,915 | 20,252 | 21,120 | 16,871 | 16,519 | 17,905 | 19,211 | 18,292 | 17,376 | 16,785 | 16,901 | 17,014 | 16,975 | 17,114 | 16,839 | 16,141 | 16,256 | 16,365 | 16,190 | 15,975 | 15,743 |
| EBITDA | -100.0% | - | 21,918 | 21,138 | 20,592 | 20,121 | 19,405 | 19,408 | 19,056 | 18,380 | 16,074 | 14,872 | 13,678 | 13,780 | 16,224 | 16,772 | 16,679 | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.99* | 1.00* | 1.01* | 1.00* | 0.99* | 1.01* | 1.04* | 1.06* | 0.96* | 0.88* | 0.84* | 0.83* | 0.96* | 1.00* | 1.00* | - | - | - | - | - |
| Interest Expenses | 3.3% | 14,254 | 13,795 | 13,014 | 12,192 | 11,573 | 11,103 | 10,647 | 10,209 | 9,837 | 9,783 | 9,946 | 10,010 | 10,030 | 10,001 | 9,965 | 9,958 | 9,920 | 9,835 | 9,721 | 9,585 | 9,464 |
| Earnings Before Taxes | -0.8% | 7,731 | 7,792 | 7,473 | 7,255 | 7,040 | 6,519 | 6,988 | 7,079 | 6,964 | 4,747 | 3,429 | 3,013 | 2,751 | 5,077 | 5,492 | 5,052 | 5,277 | 5,513 | 5,486 | 4,810 | 4,688 |
| EBT Margin | -100.0% | - | 0.35* | 0.35* | 0.35* | 0.35* | 0.33* | 0.36* | 0.39* | 0.40* | 0.28* | 0.20* | 0.14* | 0.14* | 0.29* | 0.33* | 0.33* | - | - | - | - | - |
| Net Income | 0.1% | 6,382 | 6,378 | 6,113 | 5,871 | 5,721 | 5,328 | 5,725 | 5,875 | 5,917 | 8,469 | 7,558 | 7,483 | 7,343 | 5,062 | 5,418 | 5,388 | 5,396 | 5,378 | 5,346 | 6,086 | 5,812 |
| Net Income Margin | -100.0% | - | 0.29* | 0.29* | 0.29* | 0.28* | 0.27* | 0.30* | 0.32* | 0.34* | 0.50* | 0.45* | 0.46* | 0.44* | 0.30* | 0.32* | 0.32* | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 11,948 | 9,083 | 8,531 | 6,662 | 5,445 | 7,214 | 5,655 | 4,523 | 6,135 | 4,659 | 5,839 | 6,050 | 5,266 | 7,363 | 6,385 | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.6% | 558,207 | 561,777 | 557,263 | 559,477 | 540,786 | 541,246 | 557,191 | 553,515 | 554,212 | 474,414 | 466,679 | 461,817 | 458,978 | 445,493 | 410,295 | 408,916 | 405,761 | 392,837 | 382,315 | 380,080 | 380,711 |
| Cash Equivalents | 4.2% | 6,191 | 5,940 | 7,043 | 6,548 | 8,582 | 7,572 | 8,004 | 8,843 | 8,724 | 7,455 | 7,017 | 6,629 | 6,338 | 7,493 | 5,061 | 5,671 | 5,416 | 5,062 | 5,608 | - | - |
| Goodwill | 0% | 10,987 | 10,987 | 10,987 | 10,987 | 10,916 | 10,916 | 10,916 | 10,885 | 10,958 | 9,317 | 9,233 | 9,233 | 9,233 | 9,233 | 9,233 | 9,233 | 9,221 | 9,218 | 9,218 | 9,218 | 9,218 |
| Liabilities | -0.7% | 508,861 | 512,703 | 511,451 | 512,754 | 493,098 | 492,030 | 501,465 | 497,218 | 499,527 | 420,535 | 412,638 | 408,507 | 406,030 | 396,203 | 360,952 | 359,461 | 356,380 | 344,262 | 334,545 | 332,978 | 333,736 |
| Shareholder's Equity | 0.6% | 49,320 | 49,044 | 45,774 | 46,688 | 47,688 | 49,216 | 55,726 | 56,297 | 54,685 | 53,879 | 54,041 | 53,310 | 52,948 | 49,290 | 49,343 | 49,455 | 49,381 | 48,575 | 47,770 | 47,102 | 46,975 |
| Retained Earnings | 1.4% | 55,346 | 54,598 | 53,572 | 52,777 | 51,841 | 51,058 | 50,228 | 49,541 | 48,663 | 48,113 | 46,848 | 45,947 | 44,986 | 41,885 | 42,215 | 41,413 | 40,616 | 39,742 | 38,919 | 38,080 | 37,201 |
| Additional Paid-In Capital | 0.4% | 19,934 | 19,864 | 18,376 | 19,810 | 18,531 | 17,487 | 17,457 | 17,453 | 15,928 | 15,879 | 15,884 | 15,836 | 16,284 | 16,288 | 16,369 | 16,297 | 16,248 | 16,173 | 16,277 | 16,299 | 16,250 |
| Shares Outstanding | 0% | 401 | 401 | - | 410 | 414 | 420 | - | 426 | 427 | 426 | - | 426 | 426 | 429 | - | 444 | 451 | 455 | - | 465 | 469 |
| Minority Interest | -13.3% | 26.00 | 30.00 | 38.00 | 35.00 | 36.00 | 35.00 | 31.00 | 38.00 | 58.00 | 30.00 | 31.00 | 34.00 | 25.00 | 27.00 | 29.00 | 35.00 | 41.00 | 39.00 | 42.00 | 44.00 | 71.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 5.2% | 12,572 | 11,948 | 9,083 | 8,531 | 6,662 | 5,445 | 7,214 | 5,655 | 4,523 | 6,135 | 4,659 | 5,839 | 6,050 | 5,266 | 7,363 | 6,385 | 6,945 | 6,319 | 7,840 | 6,567 | 7,898 |
| Cashflow From Investing | 12.6% | -27,847 | -31,847 | -13,428 | -19,730 | 5,272 | 15,984 | -2,795 | -481 | -6,935 | -33,815 | -51,122 | -48,644 | -48,744 | -42,346 | -24,990 | -23,040 | -18,993 | -8,742 | -3,969 | -7,045 | -12,585 |
| Cashflow From Financing | -29.5% | 12,884 | 18,267 | 3,384 | 8,904 | -12,076 | -21,312 | -3,432 | -2,960 | 4,798 | 27,642 | 48,419 | 43,763 | 43,616 | 39,511 | 17,080 | 17,078 | 12,039 | 2,836 | -3,512 | 990 | 5,073 |
| Dividend Payments | -0.8% | 2,447 | 2,467 | 2,391 | 2,312 | 2,228 | 2,094 | 2,056 | 2,015 | 1,971 | 1,970 | 1,980 | 1,997 | 2,021 | 1,962 | 1,895 | 1,828 | 1,756 | 1,679 | 1,601 | 1,521 | 1,439 |
| Buy Backs | -22.9% | 2,243 | 2,911 | 3,731 | 3,716 | 3,088 | 2,292 | 1,079 | 461 | 168 | 168 | 1,624 | 2,556 | 3,488 | 4,274 | 3,578 | 3,358 | 2,849 | 2,863 | 2,877 | 2,665 | 2,714 |
PNC Income Statement
2023-06-30Consolidated Income Statement - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Interest Income | ||||
| Loans | $ 4,523 | $ 2,504 | $ 8,781 | $ 4,797 |
| Investment securities | 883 | 631 | 1,768 | 1,175 |
| Other | 538 | 146 | 1,054 | 223 |
| Total interest income | 5,944 | 3,281 | 11,603 | 6,195 |
| Interest Expense | ||||
| Deposits | 1,531 | 88 | 2,822 | 115 |
| Borrowed funds | 903 | 142 | 1,686 | 225 |
| Total interest expense | 2,434 | 230 | 4,508 | 340 |
| Net interest income | 3,510 | 3,051 | 7,095 | 5,855 |
| Noninterest Income | ||||
| Total noninterest income | 1,783 | 2,065 | 3,801 | 3,953 |
| Total revenue | 5,293 | 5,116 | 10,896 | 9,808 |
| Provision For (Recapture of) Credit Losses | 146 | 36 | 381 | (172) |
| Noninterest Expense | ||||
| Personnel | 1,846 | 1,779 | 3,672 | 3,496 |
| Occupancy | 244 | 246 | 495 | 504 |
| Equipment | 349 | 351 | 699 | 682 |
| Marketing | 109 | 95 | 183 | 156 |
| Other | 824 | 773 | 1,644 | 1,578 |
| Total noninterest expense | 3,372 | 3,244 | 6,693 | 6,416 |
| Income (loss) before income taxes (benefit) and noncontrolling interests | 1,775 | 1,836 | 3,822 | 3,564 |
| Income taxes | 275 | 340 | 628 | 639 |
| Net income from continuing operations | 1,500 | 1,496 | 3,194 | 2,925 |
| Less: Net income attributable to noncontrolling interests | 17 | 15 | 34 | 36 |
| Preferred stock dividends | 127 | 71 | 195 | 116 |
| Preferred stock discount accretion and redemptions | 2 | 1 | 4 | 3 |
| Net income attributable to common shareholders | $ 1,354 | $ 1,409 | $ 2,961 | $ 2,770 |
| Earnings Per Common Share | ||||
| Basic earnings per common share (in dollars per share) | $ 3.36 | $ 3.39 | $ 7.35 | $ 6.62 |
| Diluted earnings per common share (in dollars per share) | $ 3.36 | $ 3.39 | $ 7.34 | $ 6.61 |
| Average Common Shares Outstanding | ||||
| Basic (in shares) | 401 | 414 | 401 | 417 |
| Diluted (in shares) | 401 | 414 | 401 | 417 |
| Asset management and brokerage | ||||
| Noninterest Income | ||||
| Total noninterest income | $ 348 | $ 365 | $ 704 | $ 742 |
| Capital markets and advisory | ||||
| Noninterest Income | ||||
| Total noninterest income | 213 | 409 | 475 | 661 |
| Card and cash management | ||||
| Noninterest Income | ||||
| Total noninterest income | 697 | 671 | 1,356 | 1,291 |
| Lending and deposit services | ||||
| Noninterest Income | ||||
| Total noninterest income | 298 | 282 | 604 | 551 |
| Residential and commercial mortgage | ||||
| Noninterest Income | ||||
| Total noninterest income | 98 | 161 | 275 | 320 |
| Other | ||||
| Noninterest Income | ||||
| Total noninterest income | $ 129 | $ 177 | $ 387 | $ 388 |
PNC Balance Sheet
2023-06-30Consolidated Balance Sheet - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||||||
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash and due from banks | $ 6,191 | $ 7,043 | ||||||
| Interest-earning deposits with banks | 38,259 | 27,320 | ||||||
| Loans held for sale | [1] | 835 | 1,010 | |||||
| Investment securities – available for sale | 41,787 | 44,159 | ||||||
| Investment securities – held to maturity | 93,874 | 95,175 | ||||||
| Loans | [1] | 321,761 | 326,025 | |||||
| Allowance for loan and lease losses | (4,737) | (4,741) | ||||||
| Net loans | 317,024 | 321,284 | ||||||
| Equity investments | 8,015 | 8,437 | ||||||
| Mortgage servicing rights | 3,455 | 3,423 | ||||||
| Goodwill | 10,987 | 10,987 | ||||||
| Other | [1] | 37,780 | 38,425 | |||||
| Total assets | 558,207 | 557,263 | ||||||
| Deposits | ||||||||
| Noninterest-bearing | 110,527 | 124,486 | ||||||
| Interest-bearing | 316,962 | 311,796 | ||||||
| Total deposits | 427,489 | 436,282 | ||||||
| Borrowed funds | ||||||||
| Federal Home Loan Bank borrowings | 34,000 | 32,075 | ||||||
| Senior debt | 22,005 | 16,657 | ||||||
| Subordinated debt | 5,548 | 6,307 | ||||||
| Other | [2] | 3,831 | 3,674 | |||||
| Total borrowed funds | 65,384 | 58,713 | ||||||
| Allowance for unfunded lending related commitments | 663 | 694 | ||||||
| Accrued expenses and other liabilities | [2] | 15,325 | 15,762 | |||||
| Total liabilities | 508,861 | 511,451 | ||||||
| Equity | ||||||||
| Preferred stock | [3] | |||||||
| Common stock ($5 par value, Authorized 800 shares, issued 543 shares) | 2,715 | 2,714 | ||||||
| Capital surplus | 19,934 | 18,376 | ||||||
| Retained earnings | 55,346 | 53,572 | ||||||
| Accumulated other comprehensive income (loss) | (9,525) | (10,172) | ||||||
| Common stock held in treasury at cost: 145 and 142 shares | (19,150) | (18,716) | ||||||
| Total shareholders’ equity | 49,320 | 45,774 | ||||||
| Noncontrolling interests | 26 | 38 | ||||||
| Total equity | 49,346 | 45,812 | ||||||
| Total liabilities and equity | $ 558,207 | $ 557,263 | ||||||
| ||||||||
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. 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 services; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions for the commercial real estate finance industry. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, private banking, and trust management and administration solutions; and multi-generational family planning products, such as estate, financial, tax planning, fiduciary, and customized performance reporting services. This segment also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services. As of December 31, 2021, it operated 2,629 branches and 9,523 ATMs. The PNC Financial Services Group, Inc. was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.