PNC Financial Services
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This Bank Needs To Turn Over More Rocks
By Chad Henage - May 20, 2013 | Tickers: BBT, PNC, STI, USB
I'm a big fan of Peter Lynch, and one statement that he made always sticks with me. He said that his stock picking method was all about turning over more rocks to find great companies. This idea can be applied to any business, the core thought is, if you don't try, you can't succeed. I'm wondering if the bankers at SunTrust (NYSE: STI) need to be more »
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3 Attractive Banking Stocks To Consider Now, 1 To Avoid
By Bill Edson - May 17, 2013 | Tickers: BAC, PNC, RF, SUSQ
Since last decade's banking crisis, among the nation's trillion dollar asset banks there has been stratification both in terms of profitability and public reputation. Wells Fargo is always a winner. JPMorgan Chase has Come next, then probably Citigroup and then Bank of America (NYSE: BAC) at the rear. I am going to take a look at Bank of America, this country's second largest bank by assets, to more »
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An Insider Is Buying, Should You?
By Meena Krishnamsetty - April 30, 2013 | Tickers: FITB, FMER, HBAN, KEY, PNC
According to a Form 4 filed with the SEC, Russ Strobel, who is a member of FirstMerit's (NASDAQ: FMER) Board of Directors, directly acquired 5,000 shares of stock on April 25 at prices of about $17 per share. This gave him about 9,100 total shares of the $1.9 billion market cap Midwestern bank in his direct holdings, a large increase in percentage terms.
Why pay attention more »
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Stringent Capital Requirements for Too Big to Fail
By Adnan Khan - April 26, 2013 | Tickers: JPM, PNC, RF
The phrase “too big to fail” was originally coined during the mid-1980s but it gained popularity during the 2007 financial meltdown. The phrase ascertains the some institutions/corporations are so large and interconnected that it would be disastrous for the economy if they were to go bankrupt.
During the 2007 financial crisis, many of the nation’s financial institutes were bailed out using taxpayers’ money on the same pretext. The more »
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4 Financial Stocks to Consider As Housing Bounces Back
By Bill Edson - April 23, 2013 | Tickers: BAC, JPM, PNC, WFC
It’s official: Housing is back.
After a six-year slump, real estate has finally started to bounce back across the country. Low mortgage rates and pent-up demand have coaxed buyers back into the market, and homeowners who list their houses are seeing more traffic.
For those who still doubt that the long national real estate nightmare is over, I submit the following evidence: During the past year, home prices increased more »
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4 Financial Stocks To Consider As Housing Bounces Back
By Bill Edson - April 17, 2013 | Tickers: BAC, JPM, PNC, WFC
It’s official: Housing is back.
After a six-year slump, real estate has finally started to bounce back across the country. Low mortgage rates and pent-up demand have coaxed buyers back into the market, and homeowners who list their houses are seeing more traffic.
For those who still doubt that the long national real estate nightmare is over, I submit the following evidence: During the past year, home prices increased more »
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Critical Earnings Reports Will Make or Break the Market Rally
By John Macris - April 10, 2013 | Tickers: EBAY, JNJ, PNC
Following fourth quarter earnings in January, market participants sent U.S. markets off to the races, with the Dow Jones and S&P 500 indices reaching all-time / multi-year highs a few weeks later in March. After a three-month hiatus, earnings season has returned, marked by Alcoa’s report on Monday, April 8. This earnings season should serve to either reaffirm the rally we’ve experienced thus far or introduce caution more »
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Critical Earnings Reports Will Make or Break the Market Rally
By John Macris - April 9, 2013 | Tickers: EBAY, JNJ, PNC
Following fourth quarter earnings in January, market participants sent U.S. stock markets off to the races, with the Dow Jones and S&P 500 indices reaching all-time / multi-year highs a few weeks later in March. After a three-month hiatus, earnings season has returned marked by Alcoa’s report on Monday, April 8. This earnings season should serve to either reaffirm the rally we’ve experienced thus far or introduce more »
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Higher One A Long-Term Growth Story
By Zach Carvalho - March 12, 2013 | Tickers: ONE, NNI, PNC, WFC
CEO Mark Volchek started 2012 by saying it would be an “investment year” for Higher One Holdings (NYSE: ONE). The company followed by borrowing $50 million for the construction of a new headquarters and an additional $30 million for the purchase of CampusLabs, a data analytics company specializing in student demographics.
CampusLabs provides roughly $8 million in revenue annually, a small amount compared to the $150 million earned each year more »
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3 Undervalued Money Center Banks Offering an Opportunity for Growth
By Adnan Khan - February 25, 2013 | Tickers: C, JPM, PNC
This article is aimed at screening out three US money center banks which are trading below their intrinsic values and can provide investors with an upside. For this purpose, discount to book value is used as the primary criterion to determine whether the bank under consideration is undervalued or otherwise. The screening results show Citigroup (NYSE: C), JPMorgan (NYSE: JPM) and PNC (NYSE: PNC) to have satisfied the aforementioned criteria more »
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This Bank Might Have 20% Upside
By Anh HOANG - February 20, 2013 | Tickers: BAC, JPM, PNC
At the 2013 Barron’s Roundtable, Brian Rogers, chairman and chief investment officer of T. Rowe Price, recommended two of his favorite stocks. One was PNC Financial Services (NYSE: PNC), a financial services company. The other was Avon Products, the direct selling company with beauty and fashion-related products. In this article, I will focus on PNC to see whether or not investors should buy this company at its current price more »
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Still The Best Bank In Town
By Chad Henage - February 15, 2013 | Tickers: BBT, MTB, PNC, USB
Whether the sector is currently in favor or not, I firmly believe every investor should have some exposure to the banking industry in their portfolio. Traditional banks are the lifeblood of the economy, and in normal times pay good dividends, and have decent earnings growth. However, the last few years have been anything but “normal”. For a bank to outperform its peers is quite a feat in the current environment, and BB&T (NYSE: BBT) has been on quite a run over the last year or so.
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2 Problems That Could Derail This Huge Growth
By Chad Henage - February 13, 2013 | Tickers: BBT, MTB, PNC, STI
Just like the team they represent, M&T Bank (NYSE: MTB) is off to a great start in 2013. As the official bank of the Baltimore Ravens, both the team and the bank have a lot to squawk about. The Ravens of course won the Superbowl, and M&T should win some sort of trophy for their recent results. However, even though the bank's earnings were generally impressive, there are two issues that investors need to keep an eye on.
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Excellent Results, 1 Change Would Make Them Better
By Chad Henage - February 13, 2013 | Tickers: BBT, MTB, PNC, USB
It's hard to argue with revenue growth of 15% and EPS growth of more than 45%. However, I'm going to make the argument that PNC Bancorp (NYSE: PNC) is doing its investors a disservice. The company is making a choice right now that is hurting results and it just doesn't make sense.
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Time For This Bank To Get Serious
By Chad Henage - February 13, 2013 | Tickers: BBT, MTB, PNC, STI
It's a natural instinct to try and hold things together in whatever way possible when a company goes through a rough patch. Having worked in a bank for over 10 years, I know that there were times the bank “suggested” that we cut certain expenses, or that raises were either impossible or very small because of the trying economic environment. That being said, we knew that our day to day work did make a difference to the bottom line of the company, and that eventually things would turn around. Some banks have a hard time getting out of this “survival” mode, and I'm afraid that's exactly what's going on at SunTrust (NYSE: STI).
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PNC Financial's Short-Lived Decline
By Josef Ray Dagatan - January 28, 2013 | Tickers: SCHW, CMA, PNC
In a report released last January 18, market analysts at BMO Capital Markets have given PNC Financial Services a reaffirmed “market perform” score. The company has recently attained a $67 target rate on the stock, which is greater than its preceding target cost of $64.
PNC (NYSE: PNC), a financial services corporation based in Pittsburgh, Pennsylvania, primarily takes part in retail banking, property management, commercial and institutional banking, and residential more »
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Fifth Third's Mutual Profit Growth
By Josef Ray Dagatan - January 28, 2013 | Tickers: FITB, HBAN, PNC
Fifth Third Bancorp (NASDAQ: FITB), a diversified monetary services company based in Cincinnati, Ohio, currently manages 15 affiliates with 1,232 wide-ranging banking centers, 106 Bank Mart locations, and 2,213 ATMs in the states of Indiana, Georgia, Florida, Tennessee, West Virginia, and North Carolina, amongst many others. The company’s commercial banking section provides credit functions, cash management and supervision, financial services, loaning and store products, and foreign exchange more »
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Regional Banks Reporting 4Q12 Are Flying High
By Mohsin Saeed - January 25, 2013 | Tickers: PNC, USB
Continuing the trend in the US banking sector, US Bancorp (NYSE: USB) and PNC (NYSE: PNC) reported strong 2012 fourth quarter results. According to Fitch, which rates the bank as one of the top rated banks globally, USB’s continued strength in mortgage banking was a major contributor to the bank’s earnings; while improvement in PNC’s results was associated with better revenues. USB’s adjusted bottom line of more »
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Taking A Look At Overlooked Regional Banks
By Marshall Hargrave - January 22, 2013 | Tickers: BAC, BBT, C, FITB, HBAN, PNC, RF
Compared to the "big" banks (Citigroup Inc., Bank of America, JP Morgan, Wells Fargo and U.S. Bancorp), the regional banks (BB&T Corporation (NYSE: BBT), Huntington Bancshares Incorporated (NASDAQ: HBAN), Fifth Third Bancorp (NASDAQ: FITB), Regions Financial Corporation (NYSE: RF) and PNC Financial Services (NYSE: PNC)) trade cheaply as a group on a P/B and P/E basis. The "big" banks have an average P/B of 1 more »
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Regional Banks Are the Strength of the Industry
By Brian Nichols - January 18, 2013 | Tickers: BAC, BBT, C, FITB, PNC |
Bank of America (NYSE: BAC) and Citigroup (NYSE: C) have been two of the most followed and controversial stocks in the market over the last year. The rise in housing and strong market performance has led some to believe that now is the time to buy these large money center banks. However, Thursday proved one point: Regional banks are the strength of the banking industry.
Bank of America fell more more »
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