Company profile

Ticker
PNC
Exchange
Website
CEO
William Stanton Demchak
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
PNC Bank Corp, PNC Financial Services Group Inc
SEC CIK
IRS number
251435979

PNC stock data

(
)

Investment data

Data from SEC filings
Top 50 of 5076 holdings by value
End of quarter 30 Sep 19
Value
 
Shares Held
or Principal Amt 
$15.16B 34.02M
$11.97B 134.56M
$2.17B 7.27M
$1.77B 12.7M
SPDR S&P 500 Etf TR (TR UNIT)
$1.74B 5.87M
$1.59B 7.12M
$1.37B 10.99M
$1.05B 8.95M
$1.05B 18.77M
$1.01B 7.78M
$980.36M 13.88M
$961.19M 4.14M
$940.97M 14.43M
$891.71M 4.8M
$752.66M 5.49M
$750.35M 3.49M
$739.32M 12.11M
$704.23M 8.37M
$699.22M 7.77M
$656.65M 18.71M
$651.69M 4.78M
$642.03M 17.87M
$632.1M 4.18M
$603.61M 11.71M
$593.82M 12.02M
$593.56M 486.07K
$575.05M 7.39M
$571.64M 2.96M
$551.68M 4.65M
$533.23M 1.71K
$519.62M 3.26M
Vanguard Intl Equity Index F (ALLWRLD EX US)
$517.4M 10.37M
$513.46M 8.51M
$498.56M 2.9M
$498.32M 287.06K
$489.16M 4.29M
$481.14M 4.72M
$477.13M 3.16M
$464.61M 1.99M
$463.58M 2.77M
$423.31M 2.57M
$423.17M 3.1M
$420.36M 4.55M
SPDR S&P Midcap 400 Etf TR (UTSER1 S&PDCRP)
$418.11M 1.19M
$412.17M 9.14M
$410.47M 4.01M
$399M 4.77M
$396.21M 2.41M
$377.61M 3.38M
$375.34M 2.75M
Holdings list only includes long positions. Only includes long positions.

Calendar

4 Nov 19
27 Jan 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 4.49B 4.44B 4.29B 4.34B
Net income 1.31B 1.3B 1.19B 1.28B
Diluted EPS 2.94 2.88 2.61 2.75
Net profit margin 29.13% 29.33% 27.81% 29.40%
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 17.13B 16.33B 15.16B 15.23B
Net income 5.04B 5.05B 3.66B 3.86B
Diluted EPS 10.71 10.36 7.3 7.39
Net profit margin 29.42% 30.94% 24.15% 25.38%

Financial data from company earnings reports

79.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1188 1185 +0.3%
Opened positions 83 99 -16.2%
Closed positions 80 92 -13.0%
Increased positions 414 380 +8.9%
Reduced positions 453 475 -4.6%
13F shares
Current Prev Q Change
Total value 358.5B 420.06B -14.7%
Total shares 353.77M 360.06M -1.7%
Total puts 1.79M 1.7M +5.2%
Total calls 1.69M 1.44M +18.0%
Total put/call ratio 1.1 1.2 -10.9%
Largest owners
Shares Value Change
Vanguard 33.43M $4.69B -1.1%
BLK BlackRock 27.13M $3.8B +0.7%
Wellington Management 24.35M $3.41B -10.4%
Capital World Investors 23.81M $3.34B -5.3%
STT State Street 20.22M $2.83B -1.3%
JPM JPMorgan Chase & Co. 11.92M $1.67B +7.5%
Capital International Investors 11.22M $1.57B +131.7%
FMR 11.1M $1.56B -10.6%
Massachusetts Financial Services 9.11M $1.28B -1.4%
BRK.A Berkshire Hathaway 8.67M $1.22B 0.0%
Largest transactions
Shares Bought/sold Change
Capital International Investors 11.22M +6.38M +131.7%
N Price T Rowe Associates 6.06M -5.77M -48.8%
Wellington Management 24.35M -2.84M -10.4%
Citadel Advisors 1.13M -1.63M -59.0%
Capital World Investors 23.81M -1.33M -5.3%
FMR 11.1M -1.32M -10.6%
Alliancebernstein 3.25M +1.24M +61.4%
IVZ Invesco 7.74M +918.22K +13.5%
JPM JPMorgan Chase & Co. 11.92M +827.15K +7.5%
Diamond Hill Capital Management 0 -825.95K EXIT

Financial report summary

?
Risks
  • Our business and financial performance are vulnerable to the impact of adverse economic conditions.
  • Government legislation, regulation and policy frequently impacts the economy in ways that could have an adverse effect on our business and financial performance.
  • The policies of the Federal Reserve and other governmental agencies have a significant impact on interest rates and overall financial market performance. These in turn drive much of our business and financial performance.
  • As a regulated financial services firm, we are subject to numerous governmental regulations and comprehensive oversight by a variety of regulatory agencies and enforcement authorities. These regulations and the manner in which they are implemented can have a significant impact on our businesses and operations.
  • We are subject to regulatory capital and liquidity standards that affect our business, operations and ability to pay dividends, or otherwise return capital, to shareholders. These regulatory capital and liquidity standards are subject to modification. Changes in these requirements could require us to maintain higher levels of capital and liquidity than currently required.
  • The planned discontinuance of the requirement that banks submit rates for the calculation of LIBOR presents risks to the financial instruments originated or held by PNC that use LIBOR as a reference rate.
  • We rely on technology to conduct our business and could suffer a material adverse impact from interruptions in the effective operation of those systems and we are vulnerable to the impact of attempts to breach data security involving our or our customers’ information.
  • New customer privacy initiatives will impose additional operational burdens on PNC, may limit our ability to pursue desirable business initiatives and increase the risks associated with any future use of customer data.
  • We depend on the effectiveness and integrity of employees, and the systems and controls for which they are responsible, to manage operational risks.
  • Our business and financial results are subject to risks associated with the creditworthiness of our customers and counterparties.
  • Our business and financial performance are impacted significantly by market interest rates and movements in those rates.
  • Our business and financial performance are vulnerable to the impact of changes in the values of financial assets.
  • Our asset and liability valuations and the determination of the amount of loss allowances and impairments taken on our assets are highly subjective. Inaccurate estimates could materially impact our results of operations or financial position.
  • There are risks resulting from the extensive use of models in our business.
  • Our success depends on our ability to attract and retain customers for our products and services, which may be negatively impacted by a lack of consumer and business economic confidence as well as our actions, including our ability to anticipate and satisfy customer demands for products and services.
  • We rely on third party vendors, service providers and other counterparties to help support many aspects of our business. To this extent, our direct control of activities related to our business is reduced, which could introduce risk.
  • We operate in a highly competitive environment in terms of the products and services we offer and the geographic markets in which we conduct business. The labor markets where we compete for talented employees are also highly competitive. Competition could adversely impact our customer acquisition, growth and retention, as well as our credit spreads and product pricing, causing us to lose market share and deposits and revenues.
  • We continually encounter technological change and need to keep pace with this change in order to maintain or enhance the competitiveness of our businesses.
  • Societal responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers.
  • Our business and financial results could be impacted materially by adverse results in legal proceedings.
  • We have a substantial minority equity interest in BlackRock, a publicly traded company, and its business operations and financial performance can adversely affect PNC and our results.
  • We grow our business in part by acquiring other financial services businesses from time to time. Sometimes these are businesses with technologies or other assets valuable to us even if they do not themselves provide financial services to customers. These acquisitions present a number of risks and uncertainties related both to the acquisition transactions themselves and to the integration of the acquired businesses into PNC after closing.
  • Our business and financial performance could be adversely affected, directly or indirectly, by disasters, natural or otherwise, by terrorist activities or by international hostilities.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: Advisor, bearing, began, BHC, biennially, caution, center, coordinating, cut, deploy, DFAST, difficulty, divest, FHLMC, GSIB, IA, IV, led, lesser, lieu, occupancy, peak, prudential, publish, reliance, rest, scaled, stringent, sweep, threshold, tight, treated, undue, unemployment, upside, wholesale
Removed: accelerated, agreed, correlation, country, enacted, gradual, lawsuit, legislation, March, notice, resolve, risen, trend