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

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 0.7%. By the end of trading, PNC Financial Services Group fell $1.26 (-1.8%) to $69.83 on average volume. Throughout the day, 3,449,452 shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2,778,700 shares. The stock ranged in price between $69.42-$71.22 after having opened the day at $70.86 as compared to the previous trading day's close of $71.09. Other companies within the Banking industry that declined today were: Credit Suisse ( DOIL), down 8.5%, Cordia Bancorp ( BVA), down 4.7%, Porter Bancorp ( PBIB), down 4.5% and Fidelity Southern ( LION), down 4.5%.
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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 $38.0 billion and is part of the financial sector. The company has a P/E ratio of 12.8, below the S&P 500 P/E ratio of 17.7. Shares are up 21.9% year to date as of the close of trading on Tuesday. Currently there are 16 analysts that rate PNC Financial Services Group a buy, 1 analyst rates it a sell, and 8 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, expanding profit margins, increase in stock price during the past year, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, First Security Group ( FSGI), down 8.4%, First Financial Service Corporation ( FFKY), down 7.0%, HMN Financial ( HMNF), down 5.2% and Colonial Financial Services ( COBK), down 4.2% , were all gainers within the banking industry with First Republic Bank (San Francisco CA ( FRC) being today's featured banking industry leader.

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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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