The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 6.35% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.
Multiple factors are taken into account when calculating PNC's probability of bankruptcy : Altman Z-score, Beneish M-score, financial position, macro environments, academic research about distress risk and more.
The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.4% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.
How financially stable is PNC Bank? ›Net interest income of $3.4 billion for the fourth quarter of 2023 was relatively stable compared to the third quarter of 2023. Net interest margin was 2.66% in the fourth quarter of 2023, decreasing 5 basis points in comparison with the third quarter of 2023.
What is the financial rating of PNC Bank? ›| Credit | Moody's | DBRS |
|---|---|---|
| Long-term deposits | Aa3 | AA (low) |
| Short-term deposits | P-1 | R-1 (middle) |
| Short-term notes | P-1 | R-1 (middle) |
| LT Counterparty Risk Assessment | A1 | - |
PNC Bank is best for people looking for an all-in-one option for daily money management and access to a large network of branches and ATMs for in-person banking. The bank offers a competitive 4.65% APY on its high-yield savings account, which is only available in ZIP codes.
Is PNC Financial Services Group the same as PNC Bank? ›PNC Bank is the operating subsidiary of PNC Financial Services (PNC 0.26%). It has been around for many years and was founded in 1845 (initially as the Pittsburgh Trust and Savings Company). The company has been in its current form with its current name since 1982.
Is PNC going to go under? ›The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.4% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.
Is PNC at risk? ›Importantly, PNC and PNC Bank are not in financial distress or in danger of failing.
How safe is my money in PNC Bank? ›PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.
Is PNC Bank financially secure? ›Is PNC Bank FDIC insured? Yes, PNC Bank, National Association is FDIC insured (FDIC# 6384). All PNC Bank accounts are FDIC insured up to $250,000 per depositor, for each account ownership category, in the event of a bank failure.
Is PNC financially sound? ›at 'A+'; Outlook Stable. Fitch Ratings - New York - 20 Oct 2022: Fitch Ratings has affirmed PNC Financial Services Group, Inc.'s (PNC) and its primary operating subsidiary PNC Bank, NA's (PNCBNA) Long-Term (LT) and Short-Term (ST) Issuer Default Ratings (IDRs) at 'A+'/'F1'. The Rating Outlook is Stable.
PNC is the sixth largest bank in the country with over $500 billion in assets. That makes it dramatically smaller than the Big Four banks that are informally labeled “too big to fail” and formally classified as Global Systemically Important Banks (GSIBs).
What is happening with PNC Bank? ›PNC Bank is investing $1 billion to open 100 new branches and renovate roughly 1,200 locations by 2028, the bank announced earlier this month.
How much debt is PNC in? ›PNC Financial Services long term debt for 2023 was $72.737B, a 23.89% increase from 2022. PNC Financial Services long term debt for 2022 was $58.713B, a 90.73% increase from 2021. PNC Financial Services long term debt for 2021 was $30.784B, a 17.24% decline from 2020.
Who is PNC owned by? ›PNC's common stock is listed on the New York Stock Exchange and is traded under the ticker symbol “PNC.” PNC is the ultimate parent company within PNC's organizational structure and the indirect owner of 100% of the outstanding stock of PNC Bank.
What bank did PNC just merge with? ›PITTSBURGH, Oct. 12, 2021 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced it has completed the conversion of 2.6 million customers, 9,000 employees and nearly 600 branches across seven states from BBVA USA to PNC Bank.
Does PNC own BlackRock? ›PNC currently controls more than 80 percent of the voting interest in BlackRock and will vote its interest in support of the transaction. PNC purchased BlackRock in February 1995 for approximately $240 million.
Is my money safe at PNC Bank? ›PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.
What is the weakness of PNC? ›Weaknesses. Dependence on Economic and Market Conditions: Despite PNC's diversified portfolio, its performance is still subject to fluctuations in economic confidence and market conditions.
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