PNC Financial Services Group Inc (PNC): Today's Featured Banking Loser

PNC Financial Services Group ( PNC) pushed the Banking industry lower today making it today's featured Banking loser. The industry as a whole closed the day down 0.5%. By the end of trading, PNC Financial Services Group fell 46 cents (-0.8%) to $60.24 on light volume. Throughout the day, 1.8 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in price between $59.80-$60.81 after having opened the day at $60.45 as compared to the previous trading day's close of $60.70. Other company's within the Banking industry that declined today were: Broadway Financial ( BYFC), down 30.4%, Ohio Legacy Corporation ( OLCB), down 12.7%, Credit Suisse ( DGAZ), down 11.1%, and Central Federal ( CFBK), down 10.8%.

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 $32.3 billion and is part of the financial sector. The company has a P/E ratio of 11.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 5.3% year to date as of the close of trading on Friday. Currently there are 18 analysts that rate PNC Financial Services Group a buy, no analysts rate it a sell, and seven 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 good cash flow from operations, expanding profit margins, increase in stock price during the past year and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, Plumas Bancorp ( PLBC), up 12.6%, Rurban Financial ( RBNF), up 12.4%, BCSB Bankcorp ( BCSB), up 8.9%, and Green Bankshares ( GRNB), up 7.8%, were all gainers within the banking industry with Wells Fargo ( WFC) being today's featured banking industry winner.

For investors not wanting singular stock exposure, 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).
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