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Pittsburgh, Pennsylvania-based The PNC Financial Services Group, Inc. (PNC) specializes in providing banking and asset management services. With a market cap of $80.7 billion, PNC operates through retail banking, corporate & institutional banking, and asset management segments.
Companies worth $10 billion or more are generally described as “large-cap stocks.” PNC fits this bill perfectly. Given the company’s extensive operations and dominance in the regional banking industry, its valuation above this mark is unsurprising.