This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Bank Stock Buys From a Deep Data Dive

PNC Financial Services Group
Shares of PNC Financial Services Group (PNC - Get Report) of Pittsburgh closed at $65.26 Friday, returning 15% year-to-date, after pulling back 3% during 2011. Based on a quarterly payout of 40 cents, the shares have a dividend yield of 2.45%.

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

The shares trade for 1.4 times tangible book value and for 9.5 times the consensus 2013 EPS estimate of $$6.89. The consensus 2012 EPS estimate is $6.17.

Jefferies analyst Ken Usdin's price target for PNC is $72.00.

Harmon said that "economic data within PNC's footprint in the Mid-Atlantic, Midwest, along with a growing presence, though acquisitions in the Southeast has held up pretty well and its overall economic ranking has stayed within the top half of banks for the past four years."

Looking ahead, Harmon said that "much of the story has to do with how it can operate in new markets. PNC cites successes in Chicago and St. Louis (legacy National City markets) as the power of its brand, but anecdotes from competitors suggest that victories are a result of aggressive pricing."

Interested in more on PNC Financial Services Group? See TheStreet Ratings' report card for this stock.

4 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
FITB $18.99 0.00%
FNFG $9.08 0.00%
HBAN $11.15 0.00%
PNC $91.43 0.00%
STI $41.77 0.00%


DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs