PNC Financial Services Group Inc

NYSE PNC

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PNC Financial Services Group Inc Short-Term Debt to Equity Ratio for the quarter ending March 31, 2024: 0.56

PNC Financial Services Group Inc Short-Term Debt to Equity Ratio is 0.56 for the quarter ending March 31, 2024, a 439.21% change year over year. The short-term debt to equity ratio measures the proportion of short-term debt to shareholders' equity. It is calculated by dividing the short-term debt by the shareholders' equity. This ratio indicates the level of short-term debt relative to the equity invested by shareholders. A higher ratio suggests a higher dependency on short-term debt financing compared to equity financing.

PNC Financial Services Group Inc Short-Term Debt to Equity Ratio for the quarter ending March 31, 2023 was 0.10, a -80.94% change year over year.
PNC Financial Services Group Inc Short-Term Debt to Equity Ratio for the quarter ending March 31, 2022 was 0.54, a 366.16% change year over year.
PNC Financial Services Group Inc Short-Term Debt to Equity Ratio for the quarter ending March 31, 2021 was 0.12, a 1,168.78% change year over year.
PNC Financial Services Group Inc Short-Term Debt to Equity Ratio for the quarter ending March 31, 2020 was 0.01, a 58.91% change year over year.

NYSE: PNC

PNC Financial Services Group Inc

CEO	Mr. William S. Demchak
IPO Date	Sept. 7, 1988
Location	United States
Headquarters	The Tower at PNC Plaza, Pittsburgh, PA, United States, 15222-2401
Employees	54,441
Sector	Financial Services
Industry	Banks - regional

Description

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, P

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