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TheStreet Wire

PNC Financial Services Group Inc (PNC): Today's Featured Banking Winner

By TheStreet Wire 06/29/12 - 05:00 PM EDT

Find out if (PNC) is in Cramer's Portfolio.

PNC Financial Services Group (PNC) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 1.8%. By the end of trading, PNC Financial Services Group rose $1.60 (2.7%) to $61.11 on average volume. Throughout the day, 2.8 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in a price between $60.31-$61.11 after having opened the day at $60.95 as compared to the previous trading day's close of $59.51. Other companies within the Banking industry that increased today were: Jefferson (JFBI), up 23%, VelocityShares 3x Long Crude ETN (UWTI), up 23%, Credit Suisse (UOIL), up 17.3%, and 1st Century Bancshrs (FCTY), up 16.6%.

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The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States and internationally. The company's Retail Banking segment provides deposit, lending, brokerage, investment management, and cash management services. PNC Financial Services Group has a market cap of $31.52 billion and is part of the financial sector. The company has a P/E ratio of 10.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 3.2% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate PNC Financial Services Group a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins, solid stock price performance and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

You can view the full PNC Financial Services Group Ratings Report.

Use our banking section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF (KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng (KRS).

Find other investment ideas from our top rated ETFs lists.

For more information on PNC Financial Services Group Inc click any of the following:

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