The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.59% . 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.
FAQs
The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 5.6% . 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 Bank at risk? ›
Importantly, PNC and PNC Bank are not in financial distress or in danger of failing.
Will PNC Bank go under? ›
PNC Financial's odds of distress is under 6% at the present time. It has tiny probability of undergoing some form of financial straits in the near future. Probability of distress shows the probability of financial torment over the next two years of operations under current economic and market conditions.
How financially secure is PNC Bank? ›
PNC Bank has several ways to deposit and earn interest on cash. This includes CD, checking, savings and money market accounts. All deposit products are insured by the Federal Deposit Insurance Corp. (FDIC) for up to $250,000 per depositor, per account ownership category.
What is the probability of bankruptcy? ›
Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis.
Is PNC Bank safe right now? ›
Is PNC Bank secure? Yes, PNC uses strong security measures—like the latest encryption technology, firewalls, security questions and two-step verifications—to keep customers' personal and account information safe.
How stable is PNC Bank? ›
Fitch Ratings - New York - 16 Oct 2023: 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 on the long-term IDRs.
What country owns PNC Bank? ›
PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845.
What bank did PNC just merge with? ›
If you've been with BBVA, you are converting to a PNC Bank customer in October. Oct. 4, 2021, at 1:24 p.m. BBVA customers will find their branches being converted to PNC Bank.
Is PNC considered a small bank? ›
The PNC Financial Services Group, Inc. (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, with assets of $566 billion as of March 31, 2024.
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). But PNC is still big enough that almost none of the thousands of banks in America could buy it in the event of a failure.
What is the weakness of PNC? ›
Weaknesses. Despite its formidable presence, PNC faces challenges such as operational risks associated with the integration of BBVA USA. This includes cultural assimilation and system harmonization.
How much debt is PNC in? ›
PNC Financial Services long term debt for the quarter ending June 30, 2024 was $72.707B, a 19.54% increase year-over-year. 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.
How many creditors does it take to force a bankruptcy? ›
As a petitioning creditor you may file an involuntary case against the debtor unless the debtor has twelve or more creditors, in which case you need at least two other creditors to join in the petition. If the debtor's answer asserts that there are twelve or more creditors, then pursuant to Fed.
What is bankruptcy prediction? ›
Bankruptcy prediction is the art of predicting bankruptcy and various measures of financial distress of public firms. It is a vast area of finance and accounting research. The importance of the area is due in part to the relevance for creditors and investors in evaluating the likelihood that a firm may go bankrupt.
Can bankruptcy go away? ›
In most cases, a Chapter 7 bankruptcy can stay on your credit reports for up to 10 years from the date you file bankruptcy. Once the 10-year period ends, the bankruptcy should fall off your credit reports automatically.
Is PNC losing deposits? ›
PNC retained its slot as the fifth-largest bank in the United States, with $177 billion in deposits. However, only two of the 10 largest banks, PNC and Citibank, lost deposits. PNC's deposits were down from $185 billion a year ago.
What is the bank rating for PNC Bank? ›
PNC Bank, N.A.
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 | - |
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Where does PNC rank in banking? ›
Biggest Banks in the U.S.
Rank by Asset Size | Bank Name | Number of Branches |
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6. | PNC Bank | 2,400 |
7. | Goldman Sachs Bank | None |
8. | Truist Bank | 2,000 |
9. | Capital One | 300 branches and 50+ Capital One Cafes |
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