7 Things You Need to Know About PNC Financial Services (PNC): Citigroup Inc (C), Bank of America Corp (BAC)

For 2013, PNC went into the CCAR with an actual Tier 1 common ratio of 9.5%, a stressed minimum of 8.7%, and a stressed minimum with proposed capital actions of 8.6%. The Fed only asks that banks have a stressed minimum somewhere above 5%, and the median average performance this year was 7.7%. Good capitalization equates to good strength.

6. A solid dividend, with the potential for more
Doing so well on the stress test not only means the bank is well positioned for any potential economic downturn, but it also means it will likely increase its dividend. Last year, PNC Financial Services (NYSE:PNC) increased its dividend by 17% post-CCAR.

The bank hasn’t announced what it proposed and was approved for, but it’s almost certain investors will see something in addition to the already-solid 2.4% PNC pays.

7. A promising new CEO
On February 14, PNC announced it’s getting a new CEO. After 15 years of steady managing, Jim Ruhr is stepping aside, and William Demchak is taking his place. Demchak is currently PNC’s president, and came to the bank from JPMorgan Chase & Co. (NYSE:JPM) in 2002.

Demchak is brainy and has a reputation for candor. And at the spry age of just 50, he holds out the promise for vigorous, thoughtful leadership for the bank moving far forward into the future. Leadership counts. Demchak could be PNC’s Jamie Dimon, sans the hubris and too-big-to-fail drama we spoke about earlier.

Foolish bottom line
There you have it: Seven straightforward ways to think about PNC Financial Services (NYSE:PNC) Financial, one of the investing world’s unsung banks. Writing this makes me wonder why I’m not invested in PNC myself — a situation I may soon have to rectify.

The article 7 Things You Need to Know About PNC Financial originally appeared on Fool.com and is written by John Grgurich.

Fool contributor John Grgurich owns shares of JPMorgan Chase. Follow John’s dispatches from the bleeding heart of capitalism on Twitter @TMFGrgurich. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, PNC Financial Services, and Wells Fargo.

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