PNC Financial Services Group Inc

NYSE: PNC
$146.54
-$3.02 (-2.0%)
Closing price April 16, 2024
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company’s Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. This segment serves consumer and small business customers through a network of branches, digital channels, ATMs, and through phone-based customer contact centers. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; securities underwriting, loan syndications, customer-related trading, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company’s Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and retirement plan fiduciary investment services for institutional clients. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
Large-cap banks have been hit hard recently but could offer growth investors the best entry points in years.
RBC is very positive on all the positive metrics the top banks are benefiting from, and these four make sense for investors looking to add or increase exposure to financials in their portfolios.
Friday was a down day for the broad U.S. markets with all three major indices pulling back after what seemed like a promising opening for the session. Crude oil continued its climb to close out the...
One thing is for sure: investors looking for solid stocks to buy in front of earnings may want to look for the best values in the banking sector.
The top analyst upgrades, downgrades and other research calls from Tuesday include Amazon.com, Boeing, Chesapeake Energy, Eli Lilly, Gilead Sciences, Micron Thecnology, NVIDIA, Procter & Gamble...
PNC Financial Services reported mixed fourth-quarter financial results before the markets opened on Friday.
The big banks generally kick off earnings season, and this week is no exception. While there are a couple of smaller stocks reporting this week, the big names are the banks, with even more to come...
24/7 Wall St. has put together a preview of Well Fargo and some of the other top companies reporting their latest results in the coming week.
The top analyst upgrades, downgrades and other research calls from Thursday include Alphabet, Avon, Bank of America, Intel, Roku, Snap and Western Digital.
Bank stocks are very expensive now, and JPMorgan has just five that it currently recommends, two big money center leaders and three top regional banks.
Even after the financial firms have reported earnings in the past two weeks we have seen another round of analysts raising their price targets on major banks.
With the Federal Reserve expected to raise rates in December, and again in 2018, these stocks make good long-term holdings in growth accounts.
Many banks and financial firms have seen their price targets and expectations raised by analysts ahead of this earnings season.
The top analyst upgrades, downgrades and other research calls from Tuesday include Altria, Apple, Discovery, DowDuPont, JPMorgan, Red Hat and T-Mobile.
JPMorgan is reasonably upbeat on the sector going forward. It has raised price targets on five top banks.