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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.9%. By the end of trading, PNC Financial Services Group fell $1.21 (-1.4%) to $82.95 on light volume. Throughout the day, 1,505,815 shares of PNC Financial Services Group exchanged hands as compared to its average daily volume of 2,228,900 shares. The stock ranged in price between $82.93-$83.83 after having opened the day at $83.76 as compared to the previous trading day's close of $84.16. Other companies within the Banking industry that declined today were: Doral Financial ( DRL), down 17.9%, Royal Bancshares of Pennsylvania ( RBPAA), down 10.9%, NASB Financial ( NASB), down 7.7% and China Commercial Credit ( CCCR), down 6.7%.

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. PNC Financial Services Group has a market cap of $45.3 billion and is part of the financial sector. The company has a P/E ratio of 11.5, below the S&P 500 P/E ratio of 17.7. Shares are up 8.5% year to date as of the close of trading on Monday. Currently there are 10 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 solid stock price performance, increase in net income, expanding profit margins, notable return on equity and growth in earnings per share. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, SP Bancorp ( SPBC), up 39.1%, First Bank Williamstown NJ ( FRBA), up 3.9%, BofI ( BOFI), up 3.4% and Colonial Financial Services ( COBK), up 3.1%.

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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