PNC Financial Services Group Stock Hits New 52-Week High (PNC)

NEW YORK ( TheStreet) -- PNC Financial Services Group (NYSE: PNC) hit a new 52-week high Wednesday as it is currently trading at $64.44, above its previous 52-week high of $64.37 with 2.5 million shares traded as of 1:15 p.m. ET. Average volume has been 3.9 million shares over the past 30 days.

PNC Financial Services Group has a market cap of $31.31 billion and is part of the financial sector and banking industry. Shares are up 9.4% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 11.3, above the average banking industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PNC Financial Services Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, good cash flow from operations, attractive valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full PNC Financial Services Group Ratings Report.

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