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With a market cap of $72.2 billion, The PNC Financial Services Group, Inc. (PNC) is a diversified U.S. financial services company operating through Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. It serves consumers, businesses, and institutional clients with a broad range of banking, lending, investment, and wealth management services.
The Pittsburgh, Pennsylvania-based company's shares have lagged behind the broader market over the past 52 weeks. PNC stock has dropped 11.6% over this time frame, while the broader S&P 500 Index ($SPX) has increased 13.2%. Moreover, shares of the company are down 4.8% on a YTD basis, compared to SPX’s 14.5% gain.
