PNC Financial Services Group Inc. Q2 Profit Advances 13%

The stock declined 0.28% or $0.36 reaching $126.96 on the news. About 16.25M shares traded. It has outperformed by 13.83% the S&P500.

01/11/2017 - UBS began new coverage on PNC Financial Services Group, Inc. Guardian Capital Lp sold 1.77M shares as Tahoe Res Inc (TAHO)'s stock rose 6.76%. Ledyard National Bank now owns 1,182 shares of the financial services provider's stock valued at $142,000 after buying an additional 995 shares in the last quarter.

The PNC Financial Services Group, Inc is a diversified financial services company. The stock rose 1.33% or $0.97 reaching $73.88. About shares traded. PNC Financial Services Group Inc (PNC) has risen 35.14% since July 14, 2016 and is uptrending. It has outperformed by 18.44% the S&P500.

A number of other hedge funds also recently made changes to their positions in PNC. SEAWELL A BROOKE had sold 3,107 shares worth $434,980 on Wednesday, May 24. The insider Merritt Douglas sold $919,227. Its up 0.02, from 1.02 in 2016Q3. Shares have risen 4.94% over the trailing 6 months. Primecap Ca reported 59,700 shares or 0% of all its holdings. Ledyard Bancorporation holds 0% or 351 shares. Dimensional Fund Advsrs Limited Partnership has invested 0.03% of its portfolio in Dana Inc (NYSE:DAN). Delta Lloyd Nv reported 0.01% of its portfolio in Splunk Inc (NASDAQ:SPLK). Evermay Wealth Mngmt Lc reported 3,228 shares.

Zacks Investment Management decreased Marriott Vacations Wrldwde C (NYSE:VAC) stake by 7,082 shares to 10,627 valued at $902,000 in 2016Q4. Moreover, Bancorp Of Nova Scotia has 0.11% invested in TE Connectivity Ltd (NYSE:TEL). Smithfield owns 3,362 shares. Castleark Management LLC raised its position in shares of PNC Financial Services Group, Inc. Schwab Charles Corp (NYSE:SCHW) was reduced too. (The) in a research note issued to investors on Sunday. Therefore 54% are positive. On Friday, October 2 the stock rating was initiated by Hilliard Lyons with "Neutral". (The) from a hold rating to a buy rating and set a $133.00 target price for the company in a research note on Tuesday, May 23rd. The rating was maintained by Barclays Capital on Monday, January 25 with "Equalweight". The firm has "Buy" rating given on Friday, April 1 by Evercore. Stifel Nicolaus maintained Splunk Inc (NASDAQ:SPLK) rating on Thursday, June 16. The stock's 50 day moving average price is $121.09 and its 200 day moving average price is $120.99. (The) was downgraded to "hold" by analysts at Rafferty Capital Markets. The company has market cap of $8.90 million.

Investors sentiment decreased to 0.89 in Q4 2016. Its down 0.09, from 0.98 in 2016Q3. It dived, as 49 investors sold PNC shares while 372 reduced holdings.

Kwmg Llc increased Vanguard Tax Managed Intl Fd (VEA) stake by 31,216 shares to 251,004 valued at $9.17 million in 2016Q4. Burke Herbert Bank & Trust Tru Com reported 0.21% stake.

Stocks of PNC Financial Services Group, (NYSE PNC) started trading at 127.22 on Early Thur. (The) in a research report issued to clients and investors on Tuesday. Daiwa Secs Inc holds 0.03% or 77,846 shares in its portfolio. Chesley Taft & Associates LLC now owns 66,960 shares of the financial services provider's stock worth $8,361,000 after buying an additional 58,185 shares during the last quarter. Richard C Young & Ltd invested in 2.86% or 116,146 shares.

PNC also benefited from the Federal Reserve's decision to raise interest rates three times since December, which allows banks to charge more on loans. 2,550 were accumulated by Northwest Investment Counselors Ltd Liability Co. Blackrock owns 925,099 shares for 0.15% of their portfolio. PNC Financial Services Group, Inc. has a one year low of $80.45 and a one year high of $131.83. Kcg has 5,613 shares for 0.02% of their portfolio. Finally, BidaskClub raised PNC Financial Services Group, Inc. SELL rating has been given by 0 analyst (s) and 6 analyst (s) given BUY rating to the stock. Reliance Steel had 20 analyst reports since September 8, 2015 according to SRatingsIntel.

COPYRIGHT VIOLATION NOTICE: "PNC Financial Services Group, Inc. Bruyette & Woods" downgraded the shares of PNC in report on Tuesday, August 11 to "Underperform" rating. BMO Capital Markets reiterated a buy rating and set a $134.00 price target on shares of PNC Financial Services Group, Inc. The firm earned "Mkt Perform" rating on Thursday, November 10 by FBR Capital. Sunbelt Securities Inc. bought a new position in PNC Financial Services Group, Inc. Lone Pine Capital LLC purchased a new position in PNC Financial Services Group, Inc.

Since January 20, 2017, it had 1 insider buy, and 6 sales for $35.94 million activity. PNC Financial Services Group, Inc. 88,000 shares were sold by Reilly Robert Q, worth $11.54M. (The) (NYSE:PNC) last announced its quarterly earnings data on Friday, July 14th. 83,984 shares valued at $1.65 million were sold by Wallace Mark E on Tuesday, February 21. Analysts' estimates typically exclude special items.

The company reported net income of $1.1 billion in the reported quarter, up 11% year over year. PNC reported a positive earnings surprise of 4.5% in second-quarter 2017.

Related News:

  • Were Analysts Bullish National Express Group PLC (LON:NEX) This Week?

    Were Analysts Bullish National Express Group PLC (LON:NEX) This Week?

    It turned negative, as 20 investors sold DERM shares while 34 reduced holdings. 33 funds opened positions while 95 raised stakes. G4S Plc is a security company specializing in the provision of security and related services to customers.
    Greens' Scott Ludlam Resigns After Dual Citizenship Revealed

    Greens' Scott Ludlam Resigns After Dual Citizenship Revealed

    He has vowed to fight any such move, saying that his current assets "amount to a fast computer and a nice pair of shoes". He said he "would find some other way of stirring up trouble" but it was too soon to contemplate a comeback.

    President Scowls During French Army's Amazing Daft Punk Tribute

    Based on the footage, it's seems safe to assume that one of them is a much bigger Daft Punk fan than the other . The event also included a fun Daft Punk medley, courtesy of a military band.
  • Dems Say 3 States Get a Boost in GOP Health Bill

    Dems Say 3 States Get a Boost in GOP Health Bill

    The latest GOP bill permits HSAs to fund health insurance premiums, something current law does not allow. It also would provide $45 billion to fight the opioid epidemic, as requested by Mr.
    Venus Williams into Wimbledon final

    Venus Williams into Wimbledon final

    She has dropped just one set in the entire tournament and even at the age of 37, appears to be playing he best tennis. Serena is also the oldest Wimbledon women's singles victor in Open Era history-she won Wimbledon at 34 a year ago .
    Varun Dhawan makes Times Square dance to 'Tamma Tamma'

    Varun Dhawan makes Times Square dance to 'Tamma Tamma'

    The main star-studded award ceremony will be hosted by Karan Johar and Saif Ali Khan and promises to be a grand affair. Hosted by Riteish Deshmukh and Maniesh Paul, IIFA Rocks 2017 celebrated 25 years of AR Rahman in the industry.
  • Venus Williams targets sixth Wimbledon title, faces Muguruza searching for first

    Venus Williams targets sixth Wimbledon title, faces Muguruza searching for first

    Cilic would join countryman Goran Ivanisevic, the 2001 Wimbledon victor , as the only Croatians to win the Wimbledon title. She'll take on Garbine Muguruza, the hard hitting Spaniard vying for her second Grand Slam title.
    Nevada adopts emergency marijuana rules amid fears of imminent weed shortage

    Nevada adopts emergency marijuana rules amid fears of imminent weed shortage

    He says any emergency that exists was created by state officials who want to push the alcohol industry out of the market. The state also awarded distribution licenses to one alcohol wholesaler in Reno and one in Las Vegas in mid-July.

    David Axelrod Praises Charles Krauthammer on Trump Jr

    Akhmetshin said he does not know if Veselnitskaya's documents were provided by the Russian government. The Russian government has denied any involvement in or knowledge of the June 2016 meeting.
  • Value-Focused ZTE Blade Spark Extends Mobile Biometrics Revolution to More Customers

    Value-Focused ZTE Blade Spark Extends Mobile Biometrics Revolution to More Customers

    For photography, the ZTE Blade Spark houses a 13-megapixel rear camera with phase detection autofocus (PDAF), and an LED flash. You can purchase the ZTE Blade Spark from AT&T Prepaid for $99 online and in stores.
    The Biggest Fighting Tournament of the Year is this Weekend, Evo 2017

    The Biggest Fighting Tournament of the Year is this Weekend, Evo 2017

    The annual event, which is being held at Mandalay Bay, attracted 14,000 competitors past year and paid almost $300,000 in prizes. According to Zap2it 's TV listings for the channel, Smash Bros .is set to air at 3 p.m.
    MS Dhoni Like a Boss Welcomes Back Chennai Super Kings to IPL

    MS Dhoni Like a Boss Welcomes Back Chennai Super Kings to IPL

    I hope they bring back the intensity and the flair that they are reputed for and continue to add huge value to brand VIVO IPL. It is no secret that MS Dhoni has had some of his best times in the Indian Premier League playing for Chennai Super Kings .


Most liked

S&P 500 closes at record high, Nasdaq outperforms Dow Jones
The Citigroup posted earnings per share of 1.28 dollars on revenue of 17.9 billion dollars, topping analyst expectations. US stocks closed higher on Friday, with several indexes posting all-time records, led by large gains in the tech sector.

Wimbledon 2017: Male fan enters court on invitation, wears white skirt; watch
On Friday an unexpected event happened during the invitational doubles match which will be remembered forever by the tennis fans. When he was ready - the person also pulled on a white t-shirt - he also managed to return a Kim Clijsters' serve.

Fidelity National Information Services, Inc. (FIS): Overbought Stock Of Wednesday
Headlines about Fidelity National Financial (NYSE:FNFV) have been trending positive this week, Accern Sentiment reports. Shares of Fidelity National Financial (NYSE:FNFV) traded down 0.32% during mid-day trading on Friday, hitting $15.50.

José Mourinho open to re-signing Zlatan Ibrahimovic for Manchester United
United will offer the prolific centre-forward a new short-term deal despite officially releasing him back in June, per Haughton. It doesn't always work out that way but that has been the general rule of Mourinho.

Actress assault case: Dileep makes the policemen laugh in jail
Suni had tried to attack another young Malayalam actress back in 2012, according to Asianet News, but the incident was hushed up. Dileep was arrested last week in connection with the abduction and rape of a popular actress four months ago.

Can't win 'Kashmir battle' unless political parties, entire country supports us: Mehbooba
She said the present crisis in Kashmir is not a mere law-and-order problem, adding the fight is against foreign powers. In August 2000, 30 pilgrims were killed during an encounter between security forces and Lashkar-e-Taiba terrorists.

K Chandrasekhar Rao hails Mithali Raj for ODI record
We've got what is basically a quarter-final against India and we know we can beat them. "We need one more good day on the field". A win in this match will open the gates for both the teams for the semi-finals on Saturday, July 15.

Amarnath terror attack: PDP MLA's driver arrested for helping terrorists
Pakistan-based terror group Lashkar-e-Taiba was behind the attack, said the IGP. Touseef Amhad, the detained man, is a resident of Pulwama.

Tanks, jets and USA troops at this year's Bastille Day parade
They capped Thursday with a double dinner date with their wives at the famed Jules Verne restaurant in the Eiffel Tower. Putin had said it seemed to him that Trump had "agreed" but added "it's better to ask him about his attitude".

Aubameyang: AC Milan ready to rival Chelsea
It seems increasingly clear that Diego Costa's journey at Chelsea is nearing its end, yet the escape might follow a troubled path. Jurgen Klopp has reportedly been trying to convince the Liverpool board to sign the player that he took to Dortmund in 2013.

Wimbledon 2017: Ageless Venus Williams targets sixth Wimbledon title
But to have her by my side gives me also this little confidence on having someone that has won before". To do that, she must emulate Martinez and stop another Williams name being etched onto the trophy.

2nd person of interest in custody in Bucks killings, reports say
Finocchiaro, 22-year-old Mark Sturgis, 21-year-old Tom Meo and 19-year-old Jimi Tar Patrick have been missing since last week. DiNardo's family owned multiple properties, including the farm on which the human remains were found, worth millions.

Kamal Haasan tweets on Big Boss row
Name her after my mother or my daughter. "If he has made a mistake it won't make him small to say that "I am sorry". The entire social media is roaring upon the Tamil Version of Bigg Boss show hosted by Universal Star Kamal Hassan.

French Army Marching Band Performs Daft Punk Medley for Bastille Day
And, no matter what your politics are, many feel Donald Trump doesn't engage with the world with the same kind of zeal. President Donald Trump's France visit came to an end on Friday with an appearance at a parade honoring Bastille Day.

Wholesale inflation at year's lowest, plunges to 0.9 per cent in June
According to retail inflation data released on Wednesday, consumer price index-based inflation fell to 1.54 per cent in June. The Reserve Bank of India's (RBI) upcoming monetary policy will look into whether the time is ripe for another rate cut.