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 Video: What is a Stock Split?
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| PNC Financial Services Group is a bank holding company. Co. has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. Co. has three reportable business segments: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; and Asset Management Group, which provides private banking and institutional asset management. According to our PNC split history records, PNC Financial Services Group has had 1 split. | |
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PNC Financial Services Group (PNC) has 1 split in our PNC split history database. The split for PNC took place on November 16, 1992. This was a 2 for 1
split, meaning for each share of PNC owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split.
When a company such as PNC Financial Services Group splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the PNC split history from start to finish, an original position size of 1000 shares would have turned into 2000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into PNC Financial Services Group shares, starting with a $10,000 purchase of PNC, presented on a split-history-adjusted basis factoring in the complete PNC split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$83.02 |
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| End price/share: |
$182.23 |
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| Starting shares: |
120.45 |
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| Ending shares: |
163.70 |
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| Dividends reinvested/share: |
$40.76 |
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| Total return: |
198.31% |
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| Average Annual Total Return: |
11.55% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$29,841.85 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
10/09/2014 |
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| End date: |
10/07/2024 |
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| Start price/share: |
$83.02 |
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| End price/share: |
$182.23 |
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| Dividends collected/share: |
$40.76 |
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| Total return: |
168.60% |
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| Average Annual Total Return: |
10.38% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$26,854.77 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 11/16/1992 | 2 for 1
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