Stephens & Co. Upgrades PNC Financial Services Group Inc to Overweight

Brokerage firm Stephens & Co. Upgrades its rating on PNC Financial Services Group Inc(NYSE:PNC). The shares have been rated Overweight. Previously, the analysts had a Equal-weight rating on the shares. The rating by Stephens & Co. was issued on Aug 1, 2016.

In a different note, 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. On May 9, 2016, Raymond James said it Downgrades its rating on PNC Financial Services Group Inc. The shares have been rated ‘Underperform’ by the firm.

PNC Financial Services Group Inc (PNC) made into the market gainers list on Mondays trading session with the shares advancing 0.06% or 0.05 points. Due to strong positive momentum, the stock ended at $86.49, which is also near the day’s high of $86.97. The stock began the session at $86.36 and the volume stood at 25,11,652 shares. The 52-week high of the shares is $99.91 and the 52 week low is $77.4. The company has a current market capitalization of $42,502 M and it has 49,14,09,130 shares in outstanding.

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 Jul 25, 2016, Daniel Hesse (director) purchased 500 shares at $82.44 per share price.Also, On May 4, 2016, Charles E Bunch (director) purchased 1,000 shares at $87.81 per share price.On Apr 22, 2016, Michael J Hannon (Executive Vice President) sold 12,500 shares at $86.94 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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