PNC Financial Services Group, Inc. (PNC)

109.70
NYSE
Prev Close 107.03
Day Low/High 105.81 / 110.03
52 Wk Low/High 79.41 / 161.79
Exchange NYSE
Shares Outstanding 424.50B
Market Cap 45.43B
P/E Ratio 16.57
Div & Yield N.A. (N.A)

Latest News

We'll Be Checking on These Corporate Earnings Next Week

Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...

The Long and the Short of It

* After "playing" the rally off of the March lows (with plenty of longs) I have recently (again) gotten net short of exposure To summarize some my recent activity: * I took off numerous investment longs (for profits) into the rally -- including , , ...

Why the Markets Could Be Vulnerable

* Fundamental concerns and weakening technical signs might be converging now In the last few weeks and days I have eliminated all my equity investments in my personal pension plan, I have personally shorted S&P futures (at 3202 Monday night), I have...

It May Be Time for Financials to Consolidate a Bit Now

* The large money center banks are as close to "forever" stocks for me * However, the recent rise in the sector - and near +10% opening print higher - have been almost vertical and some backing and filling would not be a surprise * Indeed, some cons...

Today's Trades

* I have covered my entire large bond short ( is down by another -$2.80 today) - I plan to reestablish the short on any TLT strength.   * Reduced speculative from large to medium-sized. * Eliminated my large long (the shares have moved from the low ...

The Charts of PNC Financial Still Lack Aggressive Buying

The Charts of PNC Financial Still Lack Aggressive Buying

Let's review the charts and indicators, and see what's happened since late April.

Trade of the Week - Buy JP Morgan ($89.47)

* Banks stocks are extraordinarily cheap today * In 2008 financials represented a record high 26% of the S&P Index, today they stand at a record low (at close to 7% of the S&P Index) * JP Morgan has a large war chest to absorb loan losses Historical...

Buffett and Bank Stocks

Wells Fargo investors will likely be relieved (on Monday) that Berkshire Hathaway sold none of its shares according to its just reported 13-F. (There were vague rumors that Buffett was selling). Berkshire liquidated most of its Goldman Sachs positio...

Traders Back in the Pit, Semiconductors Rising, Judging Bank Stocks

Traders Back in the Pit, Semiconductors Rising, Judging Bank Stocks

NYSE will reopen the floor in a limited way, banks were in the headlines and Semis lead the rise.

Jim Cramer: Let the Froth Wash Out

Jim Cramer: Let the Froth Wash Out

Let's look at the stocks that will get crushed and that you can't touch right now.

6 Financial Stock Picks for Value Investors

6 Financial Stock Picks for Value Investors

If you're looking for value, yield and have a three to five-year investment horizon, take note of these names.

Here's Kamich's Technical Look at PNC

Thanks to Bruce Kamich for following up for my request of a technical look at . You can read it here.    He obviously doesn't like the chart formation.

A Technical Look at PNC Financial

A Technical Look at PNC Financial

The big difference with the charts of PNC and other banks was a break down from a large double top formation.

Technical Picture Comments?

I made this point earlier this week but my best performing financial is . I would love it if Bobby, Tim "Not Judy or Phil" Collins, or Kamich could comment on the technical picture.

Kass: The Financial Sector, and My Experience With George Soros

Kass: The Financial Sector, and My Experience With George Soros

I have to respectfully disagree with Jim Cramer's conclusions in his recent column, 'No Wonder Bank Stocks Have Been Hit So Hard'.

A PNC Break Out?

looks like it may be the first large bank stock to break out from its recent (and low) trading range. 

Financial Stocks, George Soros and Me

* The robust level of bank industry "war chests" are being underappreciated by investors * The Banking Industry, as measured by earnings power (before LLP and one-time charges), reserve (and balance sheet) strength and loan diversification are well ...

Interested in Banks? This Type Could Be Vulnerable for Dividend Seekers

Interested in Banks? This Type Could Be Vulnerable for Dividend Seekers

Community banks have already faced challenging times, and now the Covid-19 crisis is adding to the woes.

Kass: Big Money Center Banks Are One of the Most Attractive Areas of the Market

Kass: Big Money Center Banks Are One of the Most Attractive Areas of the Market

There's are several reasons why Kass has been aggressively buying recent weakness in bank stocks.

Today's Trades

I added to the following longs: , , , , and . I sold a portion of my puts.

Divining Earnings, Stunning Rebound, Trading Amazon

Divining Earnings, Stunning Rebound, Trading Amazon

Are the markets ready for a pause in this dramatic rebound? We are several weeks behind Europe in battling this pandemic and U.S. numbers are far worse. Time will tell.

New Buy (and Short) Levels

* My revised levels I don't want there to be any ambiguity about the size of my positions or about my buy and short levels as I strive for as much transparency as possible. "When the time comes to buy, you won't want to." --Walter Deemer "When the t...

Questions Answered

To respond to some questions from subscribers, I have no current plans to sell recent purchases of and (+18% since purchased about a week ago). These are investments and not trades. I feel the same way about , and . Again, remember I am planning on ...

Long Adds

On the opening I added to my , and longs.

More PNC

I am aggressively buying under $96.

Updating PNC

I moved to medium-sized in .

Buying PNC

* A new member of my Best Ideas List I initiated a small long investment in - making a total of five financial stocks that I am now invested in. I plan to be a scale buyer on any weakness. I have followed PNC for 46 years - I like what I see in my a...

There's a Worthy Options Play to Be Had With JP Morgan

There's a Worthy Options Play to Be Had With JP Morgan

I'm not willing to stick my neck out right now and take an equity stake.