PNC Financial Services Group Inc (PNC): Today's Featured Financial 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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.5%. By the end of trading, PNC Financial Services Group fell $0.95 (-1.3%) to $73.55 on heavy volume. Throughout the day, 4,652,401 shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2,798,500 shares. The stock ranged in price between $72.58-$74.42 after having opened the day at $73.21 as compared to the previous trading day's close of $74.50. Other companies within the Financial sector that declined today were:
(
), down 6.6%,
(
), down 6.2%,
(
), down 5.9% and
Oak Ridge Financial Services
(
BKOR
), down 4.9%.
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 $39.7 billion and is part of the banking industry. Shares are up 28.7% year to date as of the close of trading on Tuesday. Currently there are 14 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 10 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, increase in stock price during the past year, expanding profit margins, growth in earnings per share and increase in net income. 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.
On the positive front,
Millennium India Acquisition Corporation
(
), up 62.5%,
(
), up 16.1%,
Royal Bancshares of Pennsylvania
(
), up 15.0% and
(
), up 12.6% , were all gainers within the financial sector with
(
) being today's featured financial sector leader.
- Use our financial section to find sector-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 financial sector could consider
(
) while those bearish on the financial sector could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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