Shares of PNC Financial Services Group ( PNC) of Pittsburgh closed at $63.83, returning 11.5% year-to-date, following a 3% decline during 2011. The shares trade for 1.3 times tangible book value, and for 9.3 times the consensus 2013 EPS estimate of $6.83. The consensus 2012 EPS estimate is $5.68. Based on a quarterly payout of 40 cents, the shares have a dividend yield of 2.51%. For the 12 month period ended June 30, PNC's ROA was 0.92%, while the company's ROE was 6.87%. The consensus among analysts is for PNC to report a third-quarter profit of $1.59, increasing from 98 cents during the second quarter (when the company booked extraordinary charges of 54 cents a share for mortgage putback reserves 16 cents for trust preferred share redemptions an six cents for restructuring), and $1.55, during the third quarter of 2011. Juneja rates PNC "Overweight," with an $80 price target, saying on Friday that his rating reflects the company's "attractive valuation and multiple drivers of revenue growth." "PNC is expanding its business through recent acquisitions of
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