For its first fiscal quarter (ending March 31), The PNC Financial Services Group (NYSE: PNC) has reported E.P.S. of $3.10 compared to $3.98 a year ago. For the latest four quarters through March 31, E.P.S. were $11.91 versus $14.62 for the same period a year ago.
Recent Price Action
The PNC Financial Services Group (NYSE: PNC) stock declined by -2.0% on 4/16/24. The shares closed at $146.54. Moreover, trading volume in this decline was unusually high at 163% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -9.0% during the last week.
Current PriceTarget Research Rating
PNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
PNC Financial Services Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. PNC Financial Services Group has a very high Power Rating of 88 and a very high Appreciation Score of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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