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Valued at a market cap of $71.1 billion, The PNC Financial Services Group, Inc. (PNC) is a diversified financial services company. Headquartered in Pittsburgh, Pennsylvania, the company operates through three segments: Retail Banking; Corporate & Institutional Banking; and Asset Management Group.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and PNC definitely fits that description. The American bank engages in retail banking, including residential mortgages, corporate and institutional banking, and asset management, providing many of its products and services.