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 Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day up 0.7%. By the end of trading, PNC Financial Services Group rose 73 cents (1.2%) to $60.48 on light volume. Throughout the day, 2.8 million shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of four million shares. The stock ranged in a price between $59.54-$60.57 after having opened the day at $59.93 as compared to the previous trading day's close of $59.75. Other companies within the Financial sector that increased today were:
Jacksonville Bancorp Inc (FL (
JAXB), up 21%,
Village Bank and Trust Financial Corporatio (
VBFC), up 12.6%,
MBIA (
MBI), up 11.7%, and
E-House China Holdings (
EJ), up 10%.
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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 $31.49 billion and is part of the banking industry. The company has a P/E ratio of 12.1, below the S&P 500 P/E ratio of 17.7. Shares are up 2.1% year to date as of the close of trading on Thursday. 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 revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations and increase in net income. 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 financial sector could consider
Financial Select Sector SPDR (
XLF) while those bearish on the financial sector could consider
Proshares Short Financials (
SEF).
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