Friday, January 17, 2020

PNC Financial Comes Up A Little Short Where It Counts In Q4

Given what I thought was only “okay” valuation back in October, I’m not too surprised that PNC Financial (PNC) shares have done only slightly better than its peer group over the last three months. It’s a well-run, well-liked bank, but with core earnings only a bit better than expected, valuation is perhaps a more pressing concern right at the moment. I’m still not really enthusiastic about PNC as a new buy idea. It’s a fine bank, and a fine hold, but I don’t see enough growth differentiation here to really support a significantly higher share price.

Read more here:
PNC Financial Comes Up A Little Short Where It Counts In Q4

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