Exhibit 99.7
CONSENT OF J.P. MORGAN SECURITIES INC.
We hereby consent to (i) the use of our opinion letter dated as of October 31, 2008 to the
Board of Directors of The PNC Financial Services Group, Inc. (the Company) included in Appendix E
to the Joint Proxy Statement/Prospectus relating to the proposed merger of the Company and National
City Corporation, and (ii) the references to such opinion in the Joint Proxy Statement/Prospectus
under the headings: SummaryCitigroup Global Markets Inc. and J.P. Morgan Securities Inc. Have
Each Provided an Opinion to the PNC Board of Directors Regarding the Aggregate Consideration, The
MergerBackground of the Merger, The MergerPNCs Reasons for the Merger; Recommendation of the
PNC Board of Directors and The MergerOpinion of
PNCs Financial Advisors to the PNC Board of Directors. In giving such
consent, we do not admit that we come within the category of persons whose consent is required
under Section 7 of the Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder, nor do we hereby admit that we are experts with
respect to any part of such Registration Statement within the meaning of the term experts as used
in the Securities Act of 1933, as amended, or the rules and regulations of the Securities and
Exchange Commission promulgated thereunder.
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J.P.
Morgan Securities Inc.
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By: |
/s/
Eric Warmstein |
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Name: |
Eric Warmstein |
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Title: |
Managing Director |
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November 10, 2008
J.P.
Morgan Securities Inc. 383 Madison Avenue, New York, NY 10179