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

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 higher today making it today's featured banking winner. The industry as a whole closed the day down 0.2%. By the end of trading, PNC Financial Services Group rose 68 cents (1.3%) to $54.37 on heavy volume. Throughout the day, 5.1 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 a price between $53.75-$54.80 after having opened the day at $53.82 as compared to the previous trading day's close of $53.69. Other companies within the Banking industry that increased today were: Community Financial ( CFFC), up 14.5%, Patriot National Bancorp ( PNBK), up 12.5%, OptimumBank Holdings ( OPHC), up 12%, and Bank Bradesco ( BBDO), up 9.4%.
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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 $29.07 billion and is part of the financial sector. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7. Shares are down 6.9% year to date as of the close of trading on Wednesday. Currently there are 19 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 revenue growth, increase in net income, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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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