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- 1 The PNC Financial Services Group will redeem its depositary shares of $1B on November 1, 2023.
- 2 The price has moved by just 1.0% in the last five days.
PNC Financial Services Group Inc. provides financial services. The company is based in Pittsburgh, Pennsylvania. The company has a banking subsidiary named PNC Bank. It operates in 27 states in the U.S. with more than 2.5K branches. The bank is known to be one of the largest banks in North America. PNC provides financial services like wealth management, estate planning, information processing, and many other finance-related services. The company was founded in 1845. It is traded as PNC at NYSE and is one of the S&P 500 companies.
PNC share is following a 52-week range of $110.31-$170.28. The range is followed up by a beta of 1.23. This makes the share price more volatile than the market as a whole. The PNC stock has a price-to-earnings ratio of 8.42. This company has a positive EPS of 14.59 USD.
PNC Financial Services Group has yielded a dividend of 5.04% till now in the last 12 months. The company paid a total dividend of $5.75 per share in the year 2022, following a payout ratio of 41.50%. This firm is expected to pay 1.55 USD on each share as a dividend.
The average volume of the PNC Financials group is 2.16M and the market cap of the company is $47.799B. The company has a positive operating margin of 78.37% and follows a debt/equity ratio of 132.57%. Those ratios represent that the company is fundamentally strong.
PNC Financial Services Group Stock Performance Analysis
The PNC Financials made a revenue of $22.96B in the year ending 2022. In Q2 2023, the company made a revenue of $7.77B which is 50.4% higher as compared to the last year. The company has managed to sustain its average revenue over the years. The same is followed by the profit margin of the company.
Price Target for PNC Stock
The analysts are bullish on the PNC share considering its financial data. The share is expected to hit a maximum price of $176.00, following an advance of +46.64%. PNC stock’s price’s current average is $139.12 and the stock has declined below the same.
PNC Stock Technical Analysis
The Share price of PNC has broken down below the declining channel. The share is currently trading in a volatile range making a bearish candlestick pattern. The share price is currently trading in a range and has not broken below the previous swing low.
As the share price of PNC has been consistently declining, the EMAs are following a death cross. The PNC share price is currently trading below the 50-day and the 200-day EMA.
The RSI of the share is currently declining, trading below the 50 level. This decline in the price of the RSI has followed a decline below the 14-day SMA line. The RSI indicates bearishness in the market sentiment.
Conclusion
Following a consistent decline in price and a breakdown below the channel pattern. The PNC share price looks weak on the charts. The RSI and the EMA are indicating weakness in the share price. PNC Financial Services Group has reliable and stable financials, but the share is currently following a downtrend on charts.
If the share price of PNC breaks below the level of 109.00, we can see a further decline in the share price of the stock.
Technical Levels
- Support levels for the PNC share are – $ 102.00 and $110.00
- Resistance levels for the PNC share are – $137.00 and $166.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
