The PNC Financial Services Group
Industry: Regional Banks
Fortune Rank: 123
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, 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.
The PNC Financial Services Group
The PNC Financial Services Group is a Fortune 500 company. In 2010 The PNC Financial Services Group was ranked number 123 on the Fortune 500 list, making it the 123rd largest company in the United States when judged by revenue.
The PNC Financial Services Group achieved revenue of $19,231.00 million in 2010 and earned a profit of $2,447.00 million.
The PNC Financial Services Group' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 123rd compared to 278th in 2009. This was based on its 2009 revenue of $9,680 million (a change of 10 million compared to 2010) and profits of $882 million (a change of $-880 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then The PNC Financial Services Group would be ranked 56th rather than 123rd due to its profits of $2,447 in 2010.
| The PNC Financial Services Group | Revenue* | Profit* | Fortune Ranking |
|---|---|---|---|
| 2010 | 19,231 | 2,447 | 123 |
| 2009 | 9,680 | 882 | 278 |
| 2008 | 9,956 | 1,467 | 264 |
| 2007 | 10,939 | 2,595 | 231 |
| 2006 | 7,896 | 1,325 | 290 |
* US$ Million
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Address
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The PNC Financial Services Group
One PNC Plaza 249 Fifth Avenue
Pittsburgh
PA
15222
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The PNC Financial Services Group
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Contact Details
- Phone: 412-762-1553
- Fax: 412-762-7829
- Website: www.pnc.com
- Stock Symbol: PNC
