PNC Financial Services Group Inc (NYSE:PNC) has been downgraded to Market Perform in a statement by Keefe, Bruyette & Woods earlier today.
- Updated: November 29, 2016
Keefe, Bruyette & Woods has downgraded PNC Financial Services Group Inc (NYSE:PNC) to Market Perform in a statement released on 11/29/2016.
Boasting a price of $109.80, PNC Financial Services Group Inc (NYSE:PNC) traded 0.12% higher on the day. With the last stock price close up 22.97% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. PNC Financial Services Group Inc has recorded a 50-day average of $98.79 and a two hundred day average of $89.39. Volume of trade was down over the average, with 923,750 shares of PNC changing hands under the typical 3,152,490
With a total market value of $0, PNC Financial Services Group Inc has price-earnings ratio of 15.29 with a one year low of $77.40 and a one year high of $112.07 .
A total of 26 equity analysts have released a research note on PNC. Four equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, twenty-one equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $94.27.
Brief Synopsis About PNC Financial Services Group Inc (NYSE:PNC)
The PNC Financial Services Group, Inc. (PNC) is a diversified financial services company in the United States. The Company operates through six segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio. Retail Banking provides deposit, lending, brokerage, investment management and cash management services. Corporate & Institutional Banking provides lending, treasury management and capital markets-related products and services. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. Residential Mortgage Banking directly originates first lien residential mortgage loans on a nationwide basis. BlackRock provides investment and risk management services to institutional and retail clients. Non-Strategic Assets Portfolio includes residential mortgage and brokered home equity loans.
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