|Bid||0.00 x 800|
|Ask||0.00 x 1300|
|Day's Range||128.99 - 130.99|
|52 Week Range||108.45 - 149.49|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||11.94|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||3.80 (2.78%)|
|1y Target Est||142.43|
Jeff Mills, PNC Financial Services Group Co-Chief Investment Strategist tells Yahoo Finance's Julie Hyman and Adam Shapiro that higher volatility should be the expectation for investors right now.
PNC Financial Services Group Inc NYSE:PNCView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PNC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PNC. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PNC totaled $12.39 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year, but is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. PNC credit default swap spreads are decreasing and near the lowest level of the last one year, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Eleni Valliant is a winner of a 2019 Workplace Wellness Champion award. Read about how she has worked to reach 50,000 employees.
Carlson Capital is a Dallas, Texas-based multi-strategy alternative hedge fund that provides additional offices in Houston, New York City, Palm Beach Gardens, Greenwich, and London. It was founded by Clint Carlson back in 1993 and grew big since then, now managing more than $7 billion in hedge fund and CLO assets. Prior to launching his […]
The UK’s second-largest steelmaker sought the emergency taxpayer funds to stave off collapse, just two weeks after ministers agreed to a £120m loan to help the business meet payments due under an EU environmental scheme. It has blamed weak trading caused by uncertainty over Brexit for its request of “a package of additional support”, which would be a follow-on slug of cash as part of a total loan of £200m on commercial terms. British Steel said on Thursday evening that it had “the backing of its key stakeholders, including shareholders and lenders”, and that operations were continuing as normal.
The size of the investment was disclosed in a regulatory filing detailing Berkshire's U.S.-listed stocks as of March 31. Wednesday's filing includes investments by Buffett and his portfolio managers Todd Combs and Ted Weschler, but does not say who bought and sold what.
Billionaire Warren Buffett is arguably the greatest investor of all time. Given his investing acumen and track record, millions of investors watch how Buffett and his investing lieutenants allocate Berkshire Hathaway's capital every quarter. Any meaningful buy or sell could affect sentiment in the short term, and potentially cause other investors who respect Buffett to […]
Only nine of the executives on the list of 50 highest-paid received a bonus per se. Instead, they got more through other compensation categories.
PNC Financial Services (PNC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Whimsy isn’t quite what you’d expect from the head of a global investment firm with $485 billion in managed assets, but Federated Investors Inc. President and CEO Christopher Donahue described his latest acquisition as “a good neighborhood deal.” The very Pittsburgh transaction is a continuation — with a twist — of Federated’s decades-long interactions with PNC Financial Services Group Inc. Federated (NYSE:FII) is a frequent buyer of money market funds from banks, with “dozens” of such deals, Donahue said, but the May 7 agreement to acquire components of PNC Capital Advisors' investment management business marks the first time Federated bought something from PNC. Don’t forget, I live in Mr. Rogers’ house, the house where he raised his kids.” Yes, the previous owner of Donahue’s home in the city’s Squirrel Hill neighborhood was the late television pioneer, Fred Rogers.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Bill Demchak has been the CEO of The PNC Financial Services Group, Inc. (NYSE:PNC) since 2013...
Amanda Agati, co-chief investment strategist for PNC Financial Services Group, provided a stock market outlook and offered insight into where it will go for the rest of this year and into 2020.
Pittsburgh’s largest bank isn’t exiting the asset management business, but selling some components of it has enabled PNC Financial Services Group Inc. to streamline operations and concentrate on what it does best. “This is a small part of our asset management business that, overall, is a very attractive, high-return business, and our focus is to accelerate its growth in a way that’s consistent with our Main Street philosophy,” Michael Lyons, PNC’s head of Corporate & Institutional Banking and Asset Management Group, said on Tuesday. “We’re doubling down on what we’re good at and handing off to players who have expertise the businesses where we didn’t have scale.” Before trading began, PNC (NYSE:PNC) announced that it has a deal in place to sell its money market mutual fund business within PNC Capital Advisors to Federated Investors Inc. for $52 million.
Editor's note: This story was previously published in March 2019. It has since been updated and republished.Things aren't getting any better for Kraft Heinz (NYSE:KHC). The company's woes started earlier this year with disappointing earnings, lower revenues, a 36% dividend cut and pending asset sales.At the time, Buffett's decision to get in bed with 3G Capital is looked merely like a poor one. It is one that continues to cost Berkshire Hathaway (NYSE:BRK.B) plenty of coin as KHC stock implodes.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Strong Buy Stocks That Tick All the Boxes But as the market focused on Buffett's blunder, the Oracle of Omaha was buying stocks, plenty of them. The reality is that many of his new positions and buys of old favorites were incredibly smart and make up for the misstep at KHC. It's here that Buffett's brilliance as America's favorite value investor shines through. By following Buffett's moves into these picks, investors should get a hefty dose of dividends and gains for years to come.With that, here are five Warren Buffett buys that worth buying yourself.Source: Shutterstock PNC Financial (PNC)It's no secret that Warren Buffett is attracted to stocks in the financial and banking sector. Berkshire Hathaway is the top shareholder in numerous finical institutions and it can add PNC Financial (NYSE:PNC) to that list. Over the last quarter, Buffett & Co. increased his stake in PNC by about 35% and now owns over 8.2 million shares.And it's easy to see why Buffett is in love with PNC.PNC is considered a super-regional bank and operates a huge network of locations across the northeast and Midwest. That huge size and scope came not only from organic growth, but several smart buys of smaller struggling rivals during the recession.Because of this, PNC has continued to see its assets, deposits and loan growth steadily increase. Moreover, the bank is run very conservatively and features low loan losses and fortress-like balance sheet.Management at PNC has also been very smart in other ways as well. The bank has embraced technology throughout its customer system and the firm leads the way in app development, mobile banking and wealth management. And the firm saw the ETF writing on the wall early and holds a huge stake in asset manager BlackRock (NYSE:BLK).With all of this, PNC has continued to reward shareholders. Last year, PNC purchased more than $2.8 billion in stock and handed out more than $1.6 billion in dividends. It's no wonder why Buffett continued to add the regional bank last quarter.Source: Nancy
Harris Williams, a global investment bank specializing in M&A advisory services, received six industry awards to date in 2019, including two recognitions as Investment Bank of the Year. “Since its founding in 1991, Harris Williams has been devoted to execution excellence, fostering longstanding relationships, and acting as a thoughtful partner to clients.
Two Pittsburgh-based financial giants confirmed a big deal on Tuesday. Federated Investors Inc. and PNC Financial Services Group said they have reached a definitive agreement for Federated to acquire certain components of PNC Capital Advisors LLC’s investment management business.
- Transaction includes approximately $9 billion in liquidity assets, $4.2 billion in equity assets and $700 million in fixed-income assets PITTSBURGH , May 7, 2019 /PRNewswire/ -- Federated Investors, ...