Pnc Financial Services Group, Inc. (the) · NYSE:PNC
Pnc Financial Services Group, Inc. (the) — Corporate Update (March 2009)
8 slides from Pnc Financial Services Group, Inc. (the)'s corporate update, Mar 3, 2009
Slide 1: Capital Action and Business Update
Exhibit 99.3 * * * * * * * * The PNC Financial Services Group, Inc. * Capital Action and Business Update March 2, 2009
Slide 2: Cautionary Statement Regarding Forward-Looking Information and Adjusted Information
Cautionary Statement Regarding Forward-Looking Information and Adjusted Information This presentation includes “snapshot” information about PNC used by way of illustration. It is not intended as a full business or financial review and should be viewed in the context of all of the information made av
Slide 3: Overview
Overview Extreme economic uncertainty warrants this proactive capital decision Global economic conditions are deteriorating rapidly Markets continue to be highly volatile Regulatory requirements are changing in response to the economy Proactively protecting the balance sheet, preserving capital flex
Slide 4: Recent Events and Business Update
Recent Events and Business Update Business Update 2009 off to a solid start - Strong client growth, sales above expectations - Revenue growth driven by significant net interest income increase - Expenses remain well-controlled - Strong pretax pre-provision earnings - 1Q09 results to date, excluding
Slide 5: Summary
Summary Reducing dividend was difficult but prudent given the current environment An additional $1 billion is expected to be retained annually Our businesses are performing well The National City integration is progressing smoothly We believe we are well-positioned to take advantage of long term opp
Slide 6: Cautionary Statement Regarding Forward-Looking Information
Cautionary Statement Regarding Forward-Looking Information Appendix This presentation includes “snapshot” information about PNC used by way of illustration and is not intended as a full business or financial review. It should not be viewed in isolation but rather in the context of all of the informa
Slide 7: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix • Legal and regulatory developments could have an impact on our ability to operate our businesses or our financial condition or results of operations or our competitive position or reputation. Reputational impacts, in tu
Slide 8: Cautionary Statement Regarding Forward-Looking Information (continued)
Cautionary Statement Regarding Forward-Looking Information (continued) Appendix • Our ability to achieve anticipated results from this transaction is dependent on the state going forward of the economic and financial markets, which have been under significant stress recently. Specifically, we may in
PNC Financial Services Group — Corporate Update (March 2009) on 6ix