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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