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published in Blogs
Apr 18, 2022

PNC Financial Services (PNC, $176.30) beat Q1 earnings expectations

The PNC Financial Services Group, Inc. first quarter adjusted  earnings came in at $3.29 per share, exceeding Zacks Consensus Estimate of $2.78 per share. Earnings were $4.10 per share  a year ago. It has topped consensus EPS estimates four times over the last four quarters,

The company’s revenues of $4.69 billion for the quarter, falling short of missing the Zacks Consensus Estimate by 1%. Revenues were $4.22 billion a year ago. The company has surpassed consensus revenue estimates three times over the last four quarters.

Related Ticker: PNC

PNC in downward trend: 10-day moving average crossed below 50-day moving average on February 13, 2024

The 10-day moving average for PNC crossed bearishly below the 50-day moving average on February 13, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 70 cases where PNC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on February 29, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on PNC as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

PNC moved below its 50-day moving average on February 16, 2024 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PNC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for PNC entered a downward trend on February 29, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PNC advanced for three days, in of 320 cases, the price rose further within the following month. The odds of a continued upward trend are .

PNC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PNC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.146) is normal, around the industry mean (1.014). P/E Ratio (11.509) is within average values for comparable stocks, (19.358). Projected Growth (PEG Ratio) (3.806) is also within normal values, averaging (2.465). Dividend Yield (0.042) settles around the average of (0.044) among similar stocks. P/S Ratio (2.744) is also within normal values, averaging (2.666).

Notable companies

The most notable companies in this group are US Bancorp (NYSE:USB), Itau Unibanco Holding SA (NYSE:ITUB), PNC Financial Services Group (NYSE:PNC), Banco Bradesco SA (NYSE:BBD), Deutsche Bank Aktiengesellschaft (NYSE:DB), Huntington Bancshares (NASDAQ:HBAN), Regions Financial Corp (NYSE:RF), KeyCorp (NYSE:KEY), Veritex Holdings (NASDAQ:VBTX).

Industry description

Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.

Market Cap

The average market capitalization across the Regional Banks Industry is 5.7B. The market cap for tickers in the group ranges from 10.73K to 128.58B. HDB holds the highest valuation in this group at 128.58B. The lowest valued company is ACBCQ at 10.73K.

High and low price notable news

The average weekly price growth across all stocks in the Regional Banks Industry was 0%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 5%. ABTO experienced the highest price growth at 34%, while LLOBF experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Regional Banks Industry was -2%. For the same stocks of the Industry, the average monthly volume growth was -6% and the average quarterly volume growth was 10%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 64
Price Growth Rating: 53
SMR Rating: 37
Profit Risk Rating: 77
Seasonality Score: -31 (-100 ... +100)
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PNCDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a major bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
300 Fifth Avenue
Phone
+1 888 762-2265
Employees
56411
Web
https://www.pnc.com
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PNC and

Correlation & Price change

A.I.dvisor indicates that over the last year, PNC has been closely correlated with CFG. These tickers have moved in lockstep 85% of the time. This A.I.-generated data suggests there is a high statistical probability that if PNC jumps, then CFG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PNC
1D Price
Change %
PNC100%
+1.04%
CFG - PNC
85%
Closely correlated
+2.11%
MTB - PNC
84%
Closely correlated
+1.17%
FITB - PNC
82%
Closely correlated
+2.14%
RF - PNC
81%
Closely correlated
+1.64%
USB - PNC
80%
Closely correlated
+1.80%
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