121.89 0.00 (0.00%)
After hours: 5:05PM EST
|Bid||120.68 x 900|
|Ask||123.50 x 1100|
|Day's Range||119.79 - 122.43|
|52 Week Range||108.45 - 163.59|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||10.02|
|Earnings Date||Apr 12, 2019|
|Forward Dividend & Yield||3.80 (3.18%)|
|1y Target Est||140.10|
Higher interest rates, loan growth and lower expenses support KeyCorp's (KEY) Q4 earnings while higher credit costs act as headwind.
M&T Bank's (MTB) Q4 earnings benefit from higher revenues. However, deteriorated credit quality and higher expenses offset the gains.
Bank stocks have struggled recently, and large regional banks haven’t been spared. But there is a silver lining: attractive dividend yields and improving payouts.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does PNC Financial Services (PNC) have what it takes? Let's find out.
Wednesday was another winner for Wall Street, but just barely. The S&P 500 ended the day up 0.22%, having peeled back from a high of 2,625.786 to close at 2,616.10. The weight of the rally since late December is starting to weigh on investors. Financial stocks, led by bank stocks, carried most of the gain's weight. Bank of America (NYSE:BAC) was up 7.2% after swinging to a record-breaking fourth quarter profit. Yet, had it not been for sweeping bullishness from the financial sector, the overall market may not have ended the day with any gain at all. Ford Motor Company (NYSE:F) fell more than 6% on a disappointing fourth quarter. Snap (NYSE:SNAP) fared even worse, however, losing 13.7% after losing CFO Tim Stone … the second CFO resignation in less than a year. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Those disparate results are a microcosm of the environment right now, where the rising tide isn't lifting all boats equally. Going forward, traders will have to be more discriminate, and focus on stock charts like those of Fiserv (NASDAQ:FISV), Pfizer (NYSE:PFE) and PNC Financial Services Group (NYSE:PNC), which are better positioned to make trade-worthy moves. ### Fiserv (FISV) As odd as it may sound to cast a bullish light on Fiserv after it fell more than 4% at one point on Wednesday in response to news that it aims to acquire rival First Data (NYSE:FDC), in most regards the stumble was the capitulation the stock's needed for a while. * 10 Growth Stocks With the Future Written All Over Them Indeed, several clues already suggest that's exactly what happened yesterday. Click to Enlarge • The shape of yesterday's bar is telling in and of itself. After a poor open and then a sharp move to lower lows, the buyers came roaring back later in the day to force a close near the top of the range. The pivot has already been made. • Underscoring the potential capitulation is a huge volume surge. This indicates the last of the would-be sellers were finally flushed out. Now the buyers can start to trickle in without facing a headwind. • Curiously, yesterday's low around $68.50 was also last month's low, and last May's low. The bulls have drawn a line in the sand there. • Still, this is a scenario that requires a little follow-through to erase any lingering doubts that the reversal effort is for real. ### Pfizer (PFE) In yesterday's examination of the market's top three stock charts, the brewing bearishness of Merck (NYSE:MRK) was highlighted, but only because rivals like were also bumping into a headwind. When an entire group of stocks starts to struggle, it generally indicates a secular undertow that won't be easy to stop. In the meantime, Pfizer itself worked its way into a little more technical trouble, losing ground after being unable to press above its key moving averages too … moving averages that have formed bearish crosses while most other stocks are seeing bullish ones. Click to Enlarge • A couple of weeks ago the blue 20-day moving average line fell below the purple 50-day and gray 100-day moving average lines, and the 50-day line is close to breaking below the 100-day line. It all points to accelerating bearishness. • The selling volume has also been greater than the buying volume of late, even if both have been choppy. • The white 200-day moving average line at $40.27 has the potential to act as support should the potential selloff take shape, but there's an interim floor around $42.00 that would have to fail first before any of this weakness matters. ### PNC Financial Services Group (PNC) Finally, though almost all financial stocks were up on Wednesday, too many of them are now too overextended to bother stepping into now. Not PNC Financial Services Group, however. PNC is still closer to its recent low than not, with a whole lot of room to keep climbing. And, the recent chart action says this stock has built a near-perfect launch pad from which PNC will continue to rally. Click to Enlarge • Notice that PNC Financial Services shares have mostly stagnated since late last year, but within the past few days has started to log higher highs and higher closes. • Better yet, Wednesday's pullback to the blue 20-day moving average line was a perfect opportunity for the profit-takers to pile in. They didn't though, overwhelmed by the buyers waiting in the wings. Rising volume confirms more buyers are crawling out of the woodwork. • Zooming out to the weekly chart we can see the December pullback dragged PNC all the way to an established support line that extends back to March's lows. Each brush of that floor has resulted in a decent rebound. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Top 10 Global Stock Ideas for 2019 From RBC Capital * 10 A-Rated Stocks the Smart Money Is Piling Into * 5 Best Bank ETFs for This Week's Earnings Avalanche Compare Brokers The post 3 Big Stock Charts for Thursday: Fiserv, Pfizer and PNC Financial Services Group appeared first on InvestorPlace.
Fourth-quarter earnings results varied at two of the U.S.’s largest regional banks, while both reported a drop in expenses and increase in revenue. U.S. Bancorp said earnings were $1.10 a share, up from 97 cents a share a year earlier. PNC Financial Services Group said earnings were $2.75 a share, down from $4.18 a share.
Despite recent stock market volatility, the top executive at Pittsburgh’s biggest bank told financial analysts he doesn’t think the country is heading toward a recession. “Everyone’s talking about a slightly weaker economy but we don’t see any evidence that’s true,” Bill Demchak, chairman, CEO and president of PNC Financial Services Group Inc., said Wednesday morning during its fourth-quarter 2018 earnings call. Before trading began, PNC (NYSE:PNC) reported fourth quarter 2018 net income of $1.35 billion, down from $2.1 billion a year ago.
U.S. regional bank PNC Financial Services Inc's fourth quarter profit fell below analysts' estimates on Wednesday, as it set aside more cash to cover bad loans. Shares of the bank were down 0.8 percent ...
U.S. regional bank PNC Financial Services Group Inc on Wednesday reported a 35.4 percent fall in quarterly income from a year ago when the bank benefited from a $1.2 billion gain from changes in U.S. tax ...
A number of banks are offering are stepping up to offer assistance to customers affected by the federal government's partial shutdown. The longest government shutdown in history reached its 26th day on Wednesday with no end in sight. President Donald Trump and Congressional Democrats seem no closer than they were three weeks ago on passing a budget bill.
Fourth quarter net income was $1.4 billion , $2.75 diluted EPS Loans, deposits and net interest income increased; expenses controlled PITTSBURGH , Jan. 16, 2019 /PRNewswire/ -- The PNC Financial Services ...
Investing.com - PNC Financial (NYSE:PNC) reported fourth quarter earnings that missed analysts' expectations on Wednesday and revenue that fell short of forecasts.
is expected to report earnings of $2.79 a share on sales of $4.4 billion before the market opens on Jan. 16, based on a FactSet survey of 25 analysts. Quarterly estimates have fallen less than 1 cent a share in the past month. PNC Financial Services Group is currently trading at a price-to-forward-earnings ratio of 10.6 based on the 12-month estimates of 27 analysts surveyed by FactSet.
Wednesday will be another big earnings day for some of the largest U.S. banks as Goldman Sachs and Bank of America report.
# PNC Financial Services Group Inc ### NYSE:PNC View full report here! ## Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $8.32 billion over the last one-month into ETFs that hold PNC are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap | Neutral The current level displays a neutral indicator. PNC credit default swap spreads are within the middle of their range for the last three years. Please send all inquiries related to the report to firstname.lastname@example.org. 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.
PITTSBURGH, Jan. 14, 2019 /PRNewswire/ -- PNC Bank today announced a definitive agreement to acquire Ambassador Financial Group, Inc. ("AFG"), a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies, and other financial institutions. Upon the closing of the transaction, which is subject to customary conditions, AFG will become a subsidiary of PNC Bank within the Capital Markets Financial Institutions Group in the Corporate & Institutional Banking business.
All five have solid gains off their Christmas lows but are also still in bear market or correction territory since setting their 2018 highs between January 2018 and July 2018. Wall Street analysts recommended bank stocks given the "text book" notion that banks always benefit from rate hikes by the Federal Reserve. My theme has been and continues to be that as the Federal Reserve unwinds its balance sheet, money is drained from the banking system, which hurts bank liquidity.
PNC Financial's (PNC) Q4 earnings might benefit from net interest income growth, partly offset by fall in fee income, majorly in asset management and corporate service segments.