3 Stocks Pushing The Banking Industry Higher
1. As of noon trading, PNC Financial Services Group ( PNC) is up $0.66 (1.2%) to $56.01 on light volume Thus far, 1.3 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 3.7 million shares. The stock has ranged in price between $55.25-$56.36 after having opened the day at $55.44 as compared to the previous trading day's close of $55.35. 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 $29.3 billion and is part of the financial sector. The company has a P/E ratio of 11.3, below the S&P 500 P/E ratio of 17.7. Shares are down 4.0% 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 7 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 increase in net income, revenue growth, attractive valuation levels, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full PNC Financial Services Group Ratings Report now. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass If you are interested in one of these 3 stocks, 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). A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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