PNC Financial Services Group is a bank holding company. Co. has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. Co. has three reportable business segments: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; and Asset Management Group, which provides private banking and institutional asset management. We show 56 historical shares outstanding datapoints in our PNC shares outstanding history coverage, used to compute PNC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PNC market cap history over the course of time is important for investors
interested in comparing PNC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PNC versus a peer is one thing; comparing
PNC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PNC can fluctuate over the course of history.
With this page we aim to empower investors researching PNC by allowing them to research the PNC market cap history. |
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Video: The Importance of Market Cap
