The PNC Financial Services Group, Inc., commonly known as PNC, is an American bank holding company and diversified financial services corporation headquartered in Pittsburgh, Pennsylvania. The company traces its roots to the Pittsburgh Trust and Savings Company, founded in 1845, with PNC Financial Corporation forming in 1983 from the merger of Pittsburgh National Corporation and Provident National Corporation. PNC is a publicly traded company on the New York Stock Exchange under the ticker NYSE: PNC and is a component of the S&P 500. As of March 31, 2026, PNC reported $603 billion in assets and approximately 58,000 employees. Its market capitalization is approximately $88.17 billion.
PNC operates primarily through its banking subsidiary, PNC Bank, N.A., offering a broad range of financial products and services. These offerings include retail banking, such as deposits, payments, lending, credit cards, wealth advisory, and brokerage services for individuals and small businesses. For corporate and institutional clients, PNC provides services like lending, treasury management, advisory services, capital markets access, real estate finance, and asset-based lending. The company also engages in asset management, wealth management, mortgage loans, private equity, and insurance services.
In terms of patent litigation, PNC Financial Services Group, Inc. primarily operates as a defendant. The company has one tracked case in our database, appearing solely as a defendant. This indicates a posture of defending against patent assertion claims rather than actively initiating patent litigation.
The sole tracked case involving PNC Financial Services Group, Inc. is Intellectual Ventures I LLC v. Bank of America Corporation et al. in the Delaware District Court, where PNC is listed as a defendant. This case, initiated in 2013, involves Intellectual Ventures I LLC, which is widely recognized as a patent assertion entity (NPE). This aligns with PNC's role as an operating company that provides financial services and defends against patent infringement allegations.