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Valued at a market cap of $69.1 billion, The PNC Financial Services Group, Inc. (PNC) operates as a diversified financial services company and provides consumer and business banking services. The Pittsburgh, Pennsylvania-based company operates through three segments: Retail Banking; Corporate & Institutional Banking; and Asset Management Group.
Shares of PNC Bank have significantly outperformed the broader market over the past 52 weeks. PNC has soared 40.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 28.1%. But, in 2024, shares of PNC gained 12.1%, lagging behind SPX’s 17.3% return on a YTD basis.