How does PNC's stock performance, size, and valuation compare with similar regional banks?

PNC Financial Services Group Inc Compared to Other Regional Banks: An Insider’s Look Summary: Curious how PNC Financial Services Group Inc (NYSE:PNC) stacks up against other regional banks? This hands-on review answers that by comparing stock performance, size, and valuation, with practical steps and real data to help you make sense of bank stocks in 2024. Plus, there’s an expert’s take and a slice of the real world straight from industry trenches. What Problem Are We Really Solving Here? So you want to invest in a bank, but not sure if PNC is a better bet than, say, Truist, U.S. Bancorp, or Citizens Financial? Or maybe you just want to understand how these regional banks behave versus the big boys. This isn’t a dry financial summary you’ll find in a research report—it’s a hands-on walk-through from someone who has spent too many evenings poking at Yahoo Finance tabs and sometimes regretting bank stock trades. How to Actually Compare Banks: A Real-Life Workflow (with Quirks) Start With The Obvious—Size & Footprint Honestly, before diving into ratios, I just Google: “Top regional banks by assets 2024”, which usually lands me on Federal Reserve data or S&P Global lists like S&P’s US Bank Rankings. Here’s what I see for 2023/2024 (rounded numbers, updated in May '24): PNC: ~$559 billion assets US Bancorp: ~$668 billion Truist: ~$535 billion Citizens: ~$220 billion So, PNC sits near the top, sandwiched between USB and Truist. (Not the biggest, not too small—Goldilocks zone?) Checking Stock Performance... Bluntly My tool of choice: Yahoo Finance. Go to PNC page, then hit the “Comparison” tab. Lazy? Just google “PNC vs USB stock” and most platforms give you charts. As of early June 2024, here’s what Yahoo Finance spat out for 1-Year Total Returns: PNC: +14% US Bancorp (USB): +9% Truist (TFC): +5% Citizens Financial (CFG): +16% Surprisingly, CFG outperformed the group, while PNC beat out the two larger rivals. Why? (Rabbit hole alert: Each bank’s loan book and market region can change results fast.) Source: Yahoo Finance, June 2024 Valuation Game—PE and Price-to-Book For value investors, PE and price-to-book (P/B) ratios are like the “BMI” of a bank. But these can get quirky in a volatile market. PNC PE: 13.7x USB: 11.2x TFC: 10.8x CFG: 10.1x For P/B (as of June 2024, Yahoo Finance again): PNC: 1.38x USB: 1.24x TFC: 1.07x CFG: 0.94x Translation? PNC isn’t the cheapest, possibly reflecting premium reputation or just investor optimism (or, per my cynical friend: “sometimes just FOMO buying”). Dividends—A Comforting Bonus? I love cash returns, especially when growth is unclear. Here’s the latest dividend yields (Yahoo, Nasdaq.com, June 2024): PNC: 4.1% USB: 4.4% TFC: 6.4% CFG: 5.0% TFC’s yield looks juicy—but as many experts warn, high yield sometimes flags underlying risk (see S&P research: S&P Global, 2024). Moody’s, The Fed, and Official Data—Cross-Checking Your Gut It’s easy to get swayed by market noise. I fact-check everything with: Fed’s Large Bank Reports (LBR) Moody’s Bank Ratings The Fed’s files show PNC maintains strong capital ratios, similar to peers (common equity Tier 1 capital 9-10%). Moody’s rates PNC A3 stable (June 2024; source Moody's PNC report), which is broadly in line with US Bank and slightly above TFC and CFG. A Real Case: "Verified Trade" Standards In Bank Stock Compliance Ever wondered about regulatory differences in "verified trade" and cross-border investment? Let’s zoom out briefly: The rules for trade verification can impact foreign investors looking at regional bank stocks, due to disclosure or reporting standards. Country/Region "Verified trade" Law Name Legal Basis Main Enforcement Body USA Reg SHO / SEC Regulation Securities Exchange Act 1934 SEC, FINRA EU Markets in Financial Instruments Regulation (MiFIR) MiFID II Directive ESMA, National Regulators Japan Short Sale Regulations (SSR) Financial Instruments and Exchange Act JFSA (Japan FSA) Why does this matter? Investment in PNC or its regional peers by, say, a German or Japanese fund will trigger various “verified trade” declarations, which sometimes bottleneck big flows temporarily. See SEC Reg SHO and ESMA MiFID II summary for official rules. Industry Expert Chat: Regional Bank Stocks in 2024 Jonathan Meyers, CFA (from a recent Market Move podcast): “PNC is one of the best-run, risk-averse regional banks in North America. Their net interest margin is resilient and their loan book less exposed to risky commercial real estate than peers. But honestly, valuations are tight, so it isn’t obviously cheap. The advantage for new buyers is stability; if you want high upside, sometimes the smaller names give you that—but with much bigger bumps along the way.” [Paraphrased from May 2024, see full episode here] My own take after hearing that? Sometimes “boring but steady” wins the day—especially after the regional bank turmoil of 2023. "Wait, I tried this and got confused": A Practical Misstep The first time I tried comparing PNC and TFC on valuation, I messed up the date ranges—ended up comparing 2022 and 2024 ratios, not realizing a dividend cut had happened at one. Point: always make sure you’re on the same time window in your screeners. To check, set the Yahoo “custom date range” and always cross-reference with the bank’s Q1 or Q2 reports at SEC EDGAR. Conclusion & Personal Reflection: How Should You Play PNC Against Peers? After all this number crunching, here’s the bottom line: PNC Financial is solid, large, and trades at a slight valuation premium over other regional banks. It isn’t the cheapest, nor is it the wildest ride—in fact, it’s boring in a comforting way. My own portfolio kept PNC during the 2023 regional bank crisis when folks panicked. It didn’t shoot up fast, but it never melted down either. Whenever you see a “glorious” yield much higher than peers (like TFC this year), dig into recent regulatory filings. Odds are, there’s a reason. Key next steps: If you’re investing, use live platforms (Yahoo, Seeking Alpha, Bloomberg), always fact-check ratios, and peek at official Fed and SEC data. For cross-border or institutional investors, stay plugged into evolving “verified trade” regulations—these directly impact liquidity and short-term investor flows. (P.S. If you want to go deeper, check the OECD’s global banking standards at OECD iLibrary.)

Marcus's answer to: How does PNC Financial Services Group Inc compare to other regional banks?

PNC Financial Services Group Inc Compared to Other Regional Banks: An Insider’s Look

Summary: Curious how PNC Financial Services Group Inc (NYSE:PNC) stacks up against other regional banks? This hands-on review answers that by comparing stock performance, size, and valuation, with practical steps and real data to help you make sense of bank stocks in 2024. Plus, there’s an expert’s take and a slice of the real world straight from industry trenches.

What Problem Are We Really Solving Here?

So you want to invest in a bank, but not sure if PNC is a better bet than, say, Truist, U.S. Bancorp, or Citizens Financial? Or maybe you just want to understand how these regional banks behave versus the big boys. This isn’t a dry financial summary you’ll find in a research report—it’s a hands-on walk-through from someone who has spent too many evenings poking at Yahoo Finance tabs and sometimes regretting bank stock trades.

How to Actually Compare Banks: A Real-Life Workflow (with Quirks)

Start With The Obvious—Size & Footprint
Honestly, before diving into ratios, I just Google: “Top regional banks by assets 2024”, which usually lands me on Federal Reserve data or S&P Global lists like S&P’s US Bank Rankings.
Here’s what I see for 2023/2024 (rounded numbers, updated in May '24):
- PNC: ~$559 billion assets
- US Bancorp: ~$668 billion
- Truist: ~$535 billion
- Citizens: ~$220 billion
So, PNC sits near the top, sandwiched between USB and Truist. (Not the biggest, not too small—Goldilocks zone?)
Checking Stock Performance... Bluntly
My tool of choice: Yahoo Finance. Go to PNC page, then hit the “Comparison” tab. Lazy? Just google “PNC vs USB stock” and most platforms give you charts.

As of early June 2024, here’s what Yahoo Finance spat out for 1-Year Total Returns:
- PNC: +14%
- US Bancorp (USB): +9%
- Truist (TFC): +5%
- Citizens Financial (CFG): +16%
Surprisingly, CFG outperformed the group, while PNC beat out the two larger rivals. Why? (Rabbit hole alert: Each bank’s loan book and market region can change results fast.)

Source: Yahoo Finance, June 2024
Valuation Game—PE and Price-to-Book
For value investors, PE and price-to-book (P/B) ratios are like the “BMI” of a bank. But these can get quirky in a volatile market.
- PNC PE: 13.7x
- USB: 11.2x
- TFC: 10.8x
- CFG: 10.1x
For P/B (as of June 2024, Yahoo Finance again):
- PNC: 1.38x
- USB: 1.24x
- TFC: 1.07x
- CFG: 0.94x
Translation? PNC isn’t the cheapest, possibly reflecting premium reputation or just investor optimism (or, per my cynical friend: “sometimes just FOMO buying”).
Dividends—A Comforting Bonus?
I love cash returns, especially when growth is unclear. Here’s the latest dividend yields (Yahoo, Nasdaq.com, June 2024):
- PNC: 4.1%
- USB: 4.4%
- TFC: 6.4%
- CFG: 5.0%
TFC’s yield looks juicy—but as many experts warn, high yield sometimes flags underlying risk (see S&P research: S&P Global, 2024).
Moody’s, The Fed, and Official Data—Cross-Checking Your Gut
It’s easy to get swayed by market noise. I fact-check everything with:
- Fed’s Large Bank Reports (LBR)
- Moody’s Bank Ratings
The Fed’s files show PNC maintains strong capital ratios, similar to peers (common equity Tier 1 capital 9-10%). Moody’s rates PNC A3 stable (June 2024; source Moody's PNC report), which is broadly in line with US Bank and slightly above TFC and CFG.

A Real Case: "Verified Trade" Standards In Bank Stock Compliance

Ever wondered about regulatory differences in "verified trade" and cross-border investment? Let’s zoom out briefly: The rules for trade verification can impact foreign investors looking at regional bank stocks, due to disclosure or reporting standards.

Country/Region	"Verified trade" Law Name	Legal Basis	Main Enforcement Body
USA	Reg SHO / SEC Regulation	Securities Exchange Act 1934	SEC, FINRA
EU	Markets in Financial Instruments Regulation (MiFIR)	MiFID II Directive	ESMA, National Regulators
Japan	Short Sale Regulations (SSR)	Financial Instruments and Exchange Act	JFSA (Japan FSA)

Why does this matter? Investment in PNC or its regional peers by, say, a German or Japanese fund will trigger various “verified trade” declarations, which sometimes bottleneck big flows temporarily. See SEC Reg SHO and ESMA MiFID II summary for official rules.

Industry Expert Chat: Regional Bank Stocks in 2024

Jonathan Meyers, CFA (from a recent Market Move podcast):
“PNC is one of the best-run, risk-averse regional banks in North America. Their net interest margin is resilient and their loan book less exposed to risky commercial real estate than peers. But honestly, valuations are tight, so it isn’t obviously cheap. The advantage for new buyers is stability; if you want high upside, sometimes the smaller names give you that—but with much bigger bumps along the way.”
[Paraphrased from May 2024, see full episode here]

My own take after hearing that? Sometimes “boring but steady” wins the day—especially after the regional bank turmoil of 2023.

"Wait, I tried this and got confused": A Practical Misstep

The first time I tried comparing PNC and TFC on valuation, I messed up the date ranges—ended up comparing 2022 and 2024 ratios, not realizing a dividend cut had happened at one. Point: always make sure you’re on the same time window in your screeners. To check, set the Yahoo “custom date range” and always cross-reference with the bank’s Q1 or Q2 reports at SEC EDGAR.

Conclusion & Personal Reflection: How Should You Play PNC Against Peers?

After all this number crunching, here’s the bottom line: PNC Financial is solid, large, and trades at a slight valuation premium over other regional banks. It isn’t the cheapest, nor is it the wildest ride—in fact, it’s boring in a comforting way.

My own portfolio kept PNC during the 2023 regional bank crisis when folks panicked. It didn’t shoot up fast, but it never melted down either. Whenever you see a “glorious” yield much higher than peers (like TFC this year), dig into recent regulatory filings. Odds are, there’s a reason.

Key next steps: If you’re investing, use live platforms (Yahoo, Seeking Alpha, Bloomberg), always fact-check ratios, and peek at official Fed and SEC data. For cross-border or institutional investors, stay plugged into evolving “verified trade” regulations—these directly impact liquidity and short-term investor flows.

(P.S. If you want to go deeper, check the OECD’s global banking standards at OECD iLibrary.)