PNC (NYSE:PNC) has been upgraded from Hold to Buy in a statement by Argus earlier today.
- Updated: October 16, 2016
Argus has upgraded PNC (NYSE:PNC) from Hold to Buy in a statement released on Monday October 17, 2016.
Boasting a price of $88.03, PNC (NYSE:PNC) traded 0.10% higher on the day. The last stock close price is up 2.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $89.80 and a 200-day moving average of $86.19. 4,586,379 shares of PNC traded, up from an average trading volume of 2,511,030
PNC has price-earnings ratio of 12.14 with a 52 week low of $77.40 and a 52 week high of $97.50 and has a market cap of $0.
Also covering PNC's target, a total of 26 equity analysts have issued a report on the stock. The consensus target price is $94.27 with 4 analysts rating the company a strong buy, seven brokerages rating the company a buy, twenty-one brokers rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Company Details For PNC (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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