PNC Financial Services Group Inc (NYSE:PNC)

$ 204.44 -0.06 (-0.03%) Market Cap: 81.14 Bil Enterprise Value: 108.07 Bil PE Ratio: 17.29 PB Ratio: 1.46 GF Score: 77/100

PNC Financial Services Group Inc at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript

Mar 08, 2022 / 06:20PM GMT

Release Date Price: $181.6 (+1.62%)

Transcript

Gerard Sean Cassidy;

RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Good afternoon, everyone. This is Gerard Cassidy from RBC Capital Markets. We're very pleased to have PNC Financial join us for this fireside chat. As many of you know, PNC is the sixth largest bank in the United States with approximately $560 billion in assets. The company has a market cap of approximately $75 billion and trades at about a 40% premium to book value, and it has a dividend yield that's approximately 2.7%.

We are very fortunate to have with us Executive Vice President and Head of Treasury Management, Emma Loftus. Many of us in the investment community know that PNC has a very strong and value-added product for their commercial banking business in the treasury and management area. And Emma is heading up this area and is focused on building it out through both organic growth and also building out with the recent acquisition of BBVA. She joined PNC in 2019. And prior to that, she was over at JPMorgan.

With that, Emma, take it away.

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