PNC Financial Services Group Inc (PNC): Today's Featured Banking Laggard
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day up 0.4%. By the end of trading, PNC Financial Services Group fell $1.10 (-1.4%) to $76.00 on average volume. Throughout the day, 2,674,100 shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2,709,500 shares. The stock ranged in price between $75.80-$76.96 after having opened the day at $76.43 as compared to the previous trading day's close of $77.10. Other companies within the Banking industry that declined today were:
Credit Suisse
(
UOIL
), down 8.1%,
(
), down 6.7%,
(
), down 5.4% and
(
), down 3.9%.
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 $40.8 billion and is part of the financial sector. Shares are up 32.3% year to date as of the close of trading on Wednesday. Currently there are 13 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 11 rate it a hold.
TheStreet Ratings rates
PNC Financial Services Group
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, expanding profit margins and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full PNC Financial Services Group Ratings Report.
On the positive front,
(
), up 34.4%,
(
), up 15.0%,
(
), up 10.0% and
(
), up 8.9% , were all gainers within the banking industry with
(
) being today's featured banking industry leader.
- 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
(
) while those bearish on the banking industry could consider
ProShares Short KBW Regional Bankng
(
).
- Find other investment ideas from our top rated ETFs lists.
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