I watch PNC too but don't own any. Why buy BBT at a current 14 P/E ratio, a $1.48 a share in earnings when PNC is now at a 7 something P/E ratio and $6 something EPS. Trading down in low $43 currently. What don't I understand.
Great question!!! Easy answer!!! The bulk of their franchise is located in the rust belt(i. e., negative growth rate markets) and they overpaid for RBC.