A weak quarter or two doesn’t really matter in the long term, other than
perhaps as an opportunity to pick up shares at a more reasonable
valuation. With PNC Financial’s (PNC)
valuation sliding back to a more attractive level, this weak patch in
the results could be such an opportunity. Although loan and revenue
growth is looking softer than expected across the sector so far, PNC has
multiple long-term strategies underway to grow its commercial lending,
expand its consumer business, and join the top tier of banks.
Read more here:
PNC Financial's Sluggish Quarter Looks Like Par For The Course
No comments:
Post a Comment