Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
PNC Financial Services Group (
PNC) pushed the Banking industry lower today making it today's featured Banking laggard. The industry as a whole closed the day down 0.1%. By the end of trading, PNC Financial Services Group fell $1.03 (-1.6%) to $63.51 on heavy volume. Throughout the day, five million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2.7 million shares. The stock ranged in price between $63.45-$64.76 after having opened the day at $64.62 as compared to the previous trading day's close of $64.54. Other companies within the Banking industry that declined today were:
First Financial Service Corporation (
FFKY), down 14.3%,
Carrollton Bancorp (
CRRB), down 10.4%,
VelocityShares 3x Inverse Natural Gas ETN (
DGAZ), down 7.9%, and
Camco Financial (
CAFI), down 7.4%.
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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 $34.72 billion and is part of the
financial sector. The company has a P/E ratio of 13.6, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 11.9% year to date as of the close of trading on Tuesday. Currently there are 19 analysts that rate PNC Financial Services Group a buy, no analysts rate it a sell, and six 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 expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
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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