PNC Financial Services Group Inc Stock Buy Recommendation Reiterated (PNC)
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- PNC's revenue growth has slightly outpaced the industry average of 1.5%. Since the same quarter one year prior, revenues slightly increased by 3.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Commercial Banks industry average. The net income increased by 25.8% when compared to the same quarter one year prior, rising from $805.00 million to $1,013.00 million.
- The gross profit margin for PNC FINANCIAL SVCS GROUP INC is currently very high, coming in at 89.00%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 24.25% is above that of the industry average.
- The stock price has risen over the past year, but, despite its earnings growth and some other positive factors, it has underperformed the S&P 500 so far. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- PNC FINANCIAL SVCS GROUP INC has improved earnings per share by 22.2% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, PNC FINANCIAL SVCS GROUP INC reported lower earnings of $5.30 versus $5.64 in the prior year. This year, the market expects an improvement in earnings ($6.65 versus $5.30).
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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