Sometimes it seems like the markets are against you as an investor. While PNC Financial (NYSE:PNC)
issued a strong first quarter report, one of the best among banks for
the past earnings, a pretty grim day in the overall market buried the
news and kept on a lid on the stock. Since then, the stock has enjoyed a
better performance and one consistent with the better-performing
regional banks. If PNC can keep up the expense discipline, an eventual
recovery in lending activity should bode well for the long-term
performance and value of the shares.
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