14 Best Holding Company Stocks to Buy Right Now

11. The PNC Financial Services Group, Inc. (NYSE:PNC)

Number of Hedge Fund Holders: 67

The PNC Financial Services Group, Inc. (NYSE:PNC) is a diversified financial services company. It is engaged in retail banking, including residential mortgage, corporate and institutional banking, and asset management. The company operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group.

The PNC Financial Services Group, Inc. (NYSE:PNC) is investing around $500 million to open 100 new branches and renovate another 200 locations. This is an extension of PNC’s earlier plan, which was laid out in early 2024, to spend $1 billion in opening 100 new locations and renovating 1,200 others through 2028. The company’s major development is to enhance its offerings and provide its clients with convenient, in-person access to financial experts.

The PNC Financial Services Group, Inc. (NYSE:PNC) continues to perform remarkably well. In FY2024, it delivered a record revenue driven by 6% growth in its fee income business. The company expects its revenue to grow approximately 6% in 2025, driven by strong demand for its card and treasury business. In 2024, the company returned $3 billion of capital to shareholders through dividends and share buybacks, showing strong capital management.