PNC Financial Services Group Inc (NYSE:PNC) has been downgraded to Neutral in a statement by Nomura earlier today.
- Updated: October 10, 2016
Nomura has downgraded PNC Financial Services Group Inc (NYSE:PNC) to Neutral in a statement released on 10/10/2016.
Having a price of $91.42, PNC Financial Services Group Inc (NYSE:PNC) traded 0.39% higher on the day. With the last stock price up 6.68% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PNC has recorded a 50-day average of $89.22 and a two hundred day average of $86.03. Trade Volume was down over the average, with 776,120 shares of PNC changing hands under the typical 2,519,320
Recent Performance Chart
PNC Financial Services Group Inc has PE ratio of 12.66 with a one year low of $77.40 and a one year high of $97.50 and has a market capitalization of $0.
A total of 26 brokers have issued a report on the stock. 4 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 21 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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