PNC Chief Executive William Demchak on Wednesday called it “just an okay quarter” on a call with analysts where he also voiced disappointment with the Federal Reserve’s decision to not raise rates in September.
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The company shares have rallied 10.82% from its 1 Year high price.
According to data compiled by Thomson Reuters, PNC Financial Services (NYSE:PNC)’s stock is covered by 25 equity analysts across the Street, with 1 analysts giving it a Sell rating, 9 a Buy rating, while 20 consider it a Hold. On August 13, 2015 The shares registered one year high of $50.95 and one year low was seen on October 16, 2014 at $34.73. (The) (NYSE:PNC): 11 analysts have set the short term price target of PNC Financial Services Group, Inc. The company has a market cap of $19,440 million and the number of outstanding shares have been calculated to be 414,845,000 shares.
PNC Financial Services Group (NYSE:PNC) shares saw unusually-strong trading volume on Wednesday after the company announced better than expected quarterly earnings, MarketBeat reports. The company’s quarterly revenue was up 1.5% compared to the same quarter past year. The ex-dividend date of this dividend is Tuesday, October 13th. The stock’s 50 day moving average price is $89.63 and its 200 day moving average price is $94.04. For the week, the shares have seen a percentage change of 0%.A block trade of $(-1.44) million in net money flow was also recorded during the day. The 52-week high of Hartford Financial Services Group, Inc.
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Revenue at PNC, which has more than 2,600 branches, slipped 1.7% to $3.78 billion. PNC Financial Services Group now has an average rating of “Hold” and an average price target of $99.50. Finally, Piper Jaffray reissued an overweight rating and issued a $53.00 price objective (up previously from $52.00) on shares of Hartford Financial Services Group in a report on Tuesday, July 28th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $49.25. (PNC) is a financial service company. (The) (NYSE:HIG) surged 0.04% during the last session. The Business has companies engaged in retail banking, corporate and institutional banking, asset management and residential mortgage banking, along with other services and products in its main geographical markets situated in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Virginia, Alabama, Missouri, Georgia, Wisconsin and South Carolina. The Hartford is a provider of group life and casualty and property insurance and disability products to individual and business customers in the United States of America. The Company operates through six segments: Asset Management Group, Retail Banking, Corporate & Institutional Banking, Residential Mortgage Banking, BlackRock and Non-Strategic Assets Portfolio.
