The PNC Financial Services Group (NYSE: PNC) has reported earnings for its third fiscal quarter (ending September 30) of $3.50 versus $3.60 for the same period a year ago — a decline of -3%. However, this result exceeded the consensus estimate of $3.29 by $0.21. For the latest four quarters through September 30, E.P.S. were $11.84 versus $14.42 for the same period a year ago — a decline of -18%.
Recent Price Action
The PNC Financial Services Group (NYSE: PNC) stock closed at $192.34 on 10/15/24 after a large increase of 2.0%. Moreover, unusually high trading volume at 186% of normal accompanied the advance. The stock has risen 5.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
PNC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
PNC Financial Services Group has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. PNC Financial Services Group has a good Power Rating of 85 and a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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