PNC Financial Services Group Stock Hits New 52-Week High (PNC)

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.

NEW YORK ( TheStreet) -- PNC Financial Services Group (NYSE: PNC) hit a new 52-week high Wednesday as it is currently trading at $67.95, above its previous 52-week high of $67.89 with 1.6 million shares traded as of 12 p.m. ET. Average volume has been 2.9 million shares over the past 30 days.

PNC Financial Services Group has a market cap of $34.56 billion and is part of the financial sector and banking industry. Shares are up 15.3% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7.

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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, expanding profit margins, growth in earnings per share and attractive valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full PNC Financial Services Group Ratings Report.

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