Gerard Cassidy
RBC Capital Markets, Analysis Division
I am Gerard Cassidy, the President of the BancAnalysts Affiliation of Boston. Thanks all for attending. Thanks very a lot. I recognize that.
With us immediately, we’ve PNC Monetary, which all of us clearly know, it is about $569 billion in whole belongings. Market cap is over $70 billion. And presently, they’ve over 2,200 branches all through the USA. Final quarter, that they had a return on tangible frequent fairness of about 17%.
Companies are damaged into three areas primarily, Retail Banking, Company & Funding Banking and Asset Administration. To my instant proper is Rob Reilly, who lots of you already know, Govt Vice President and CFO. I used to be chatting with Rob beforehand. He is been CFO since 2013. And a few of you may keep in mind earlier than that, he headed up their Asset Administration space for various years.
To his proper is Alex Overstrom. And for just a few of us on this room, myself, Charlie and Brent, who’ve been doing this for various years, we like among the well-known baseball gamers, the Griffeys, the Boones, and the Bonds. Alex’s father offered right here as a part of Shawmut Nationwide again in mid- to early Nineties. So, we’ve — his is the primary father-and-son combo with the Beavers Head. So…
Alexander E. Overstrom
EVP & Head of Retail Banking
I do not know if that bodes nicely or not, however we’ll go for it.