BMO Capital Upgrades PNC Financial Services Group Inc to Outperform with Price Target $101.00

Brokerage firm BMO Capital Upgrades its rating on PNC Financial Services Group Inc(NYSE:PNC). In a research note issued to the investors, the brokerage major Raises the price-target to $101.00 per share. The shares have been rated Outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by BMO Capital was issued on Sep 19, 2016.

In a different note, On Aug 31, 2016, Keefe Bruyette & Woods said it Assumes its rating on PNC Financial Services Group Inc. The shares have been rated ‘Outperform’ by the firm. On Aug 1, 2016, Stephens & Co. said it Upgrades its rating on PNC Financial Services Group Inc. The shares have been rated ‘Overweight’ by the firm. On Jul 18, 2016, Barclays said it Maintains its rating on PNC Financial Services Group Inc. In the research note, the firm Lowers the price-target to $100.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 7, 2016, Nomura said it Upgrades its rating on PNC Financial Services Group Inc. In the research note, the firm Lowers the price-target to $95.00 per share. The shares have been rated ‘Buy’ by the firm.

PNC Financial Services Group Inc (PNC) shares turned negative on Thursdays trading session with the shares closing down -0.74 points or -0.82% at a volume of 29,09,223. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $91.13. The peak price level was also seen at $91.13 while the days lowest was $89.79. Finally the shares closed at $90. The 52-week high of the shares is $97.5 while the 52-week low is $77.4. According to the latest information available, the market cap of the company is $44,227 M.

PNC Financial Services Group Inc(PNC) last announced its earnings results on Jul 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.79B. Analysts had an estimated revenue of $3.81B. Earnings per share were $1.82. Analysts had estimated an EPS of $1.76.

Several Insider Transactions has been reported to the SEC. On Aug 10, 2016, Michael J Hannon (Executive Vice President) sold 33,000 shares at $86.49 per share price.Also, On Jul 25, 2016, Daniel Hesse (director) purchased 500 shares at $82.44 per share price.On May 4, 2016, Charles E Bunch (director) purchased 1,000 shares at $87.81 per share price, according to the Form-4 filing with the securities and exchange commission.

The PNC Financial Services Group Inc. is a diversified financial services company in the United States. The Company has businesses engaged in retail banking corporate and institutional banking asset management and residential mortgage banking as well as other products and services in its primary geographic markets located 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 Company operates through six segments: Retail Banking Corporate & Institutional Banking Asset Management Group Residential Mortgage Banking BlackRock and Non-Strategic Assets Portfolio.

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