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This Quarter's Sentiment:
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SocialPicks Community
not a believer
PNC
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+23.99%
in
54 days
(closed on 01/06/09)
Not willing to subscribe to the common 2008 theory that just because a bank is acquiring other banks, it's somehow able to shirk the financial industry problems-- or that a big bank is safer. Things not to like: They opened 20 new branches in 2007-- not a sign that mgt forsaw any of the obvious warning signs. Heavy in acquisitions: this has proved folly for banks, ESPECIALLY banks that made acquisitions before 2008 when they were expensive. Equity = $14 bn Now let's see what's so exciting on PNC's balance sheet... Assets = $140 bn (roughly) This means if PNC's assets suffer ...
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Albertis $12.8B Bid to Lease PA Turnpike Expires With No Deal
PNC
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-28.20%
in
405 days
<> Spanish infrastructure company Albertis and NY-based Citi Infrastructure have withdrawn their $12.8B bid to lease the Pennsylvania Turnpike for 75 years after state legislators failed to vote on the proposal before an early end to their legislative session to focus on the upcoming election. Earlier in September, the Federal Highway Administration rejected a PA proposal to make I-80 a toll road, resulting in a $450M shortfall in the state's transportation budget when coupled with the failed bid to lease the turnpi>...
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The Shakeout in Regional Banks
PNC
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+5.03%
in
24 hours
(closed on 10/01/08)
<> The accompanying table presents the 25 lowest-rated stocks in my US-based Regional Banking Index. The index contains a total of 99 companies with market caps between $500 million to $20 billion which are classified as either regional banks or savings and loan companies. The ratings for each company are calculated quarterly based on a formula which considers the price-to-book ratio, the trailing 52-week stock price performance, and the percentage of total market caps represented by each company. Since putting together the index>...
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Eleven Pennsylvania Banks Thriving During the Shake-Out in Financials
PNC
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+1.28%
in
18 days
(closed on 09/30/08)
<> Amidst turmoil in the financial sector this week and over the past year, the following is a list of Pennsylvania-based banks and financial services companies with market caps over $100M that have recorded stock price gains over the past year. The 11 companies are listed in descending order by 52-week stock price performance and include the following top performers: Univest – biggest gainer at 38%, First Commonwealth (which I wrote about 15 months ago with a yield over 6%) – biggest dividend yield at< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />>...
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Bullish on PNC ...
PNC
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-4.83%
in
505 days
Great solid company that has avoided the mortgage portfolio issues and has strong capitalization with good access to the capital markets.
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From the Blogosphere
Zacks Analyst Blog Highlights: JP Morgan Chase, U.S. Bancorp, Zions Bancorp, SunTrust Banks and PNC Financial – Press Releases
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For Immediate Release Chicago, IL – November 10, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JP Morgan Chase (JPM), U.S. Bancorp (USB), Zions Bancorp (ZION), SunTrust Banks (STI) and PNC Financial (PNC). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Monday’s Analyst Blog: <><>Bank Fail>>...
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Bank Failure Tally Reaches 120 – Analyst Blog
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Regulators shut down 5 more banks in Georgia, Michigan, Minnesota, Missouri and California; tally hits 120 so far this year
U.S. regulators on Friday shuttered five more institutions in Georgia, Michigan, Minnesota, Missouri and California , as the recession continues to take its toll on banks. This takes the total number to 120, compared to 25 in 2008 and 3 in 2007.
As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increasing the possibility of more failures. However, the regulators are trying to avoi...
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Bank Failures Zoom to 115 – Analyst Blog
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Regulators shut down 9 more banks, including California National Bank; total failed banks in '09 reach 115
Bank failures continue unabated as U.S. regulators on Friday closed down nine more banks, including California National Bank of Los Angeles. The failed banks were situated in California, Illinois, Texas and Arizona. This takes the total number to 115, compared to 25 in 2008 and 3 in 2007.
Besides California National Bank, the eight other banks were Bank USA N.A. of Phoenix, San Diego National Bank of San Diego, Pacific National Bank of San Francisco, Park National Bank of Chicago, Commu...
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World Series trade #4: PNC Financial Services (PNC)
PNC
+10.03%
in
10 days
Filed under: Options, Stocks to Buy The Pittsburgh Pirates may not be putting much on the field these days, but Pittsburgh-based PNC Financial Services Inc. (NYSE: PNC) has jockeyed itself into a lead position in the financial recovery.
Since hitting its lows in March, at just below $20, PNC is up around 150% at its current price of near $50. I think that the stock will continue to lead the financials higher as its strong balance sheet and diversified revenue fuel a considerable rally. Continue reading World Series trade #4: PNC Financial Services (PNC) <><>World Series trade #4: PNC Financial Serv>>...
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Six World Series trades
PNC
+10.03%
in
11 days
Filed under: Options, Stocks to Buy Baseball fans worldwide continue to warm themselves around the glow of the television to watch the Phillies and Yankees battle it out in the World Series.
Well, sports fans, I know you're psyched, but I have something just as exciting for you: six home run trades. Peter Lynch had his "take a walk down Main Street" style of investing, so let's call this the "take me out to the ball game" approach to trading. I'm going to give you six trades that I think will knock it out of the park. Continue reading Six World Series trades <>Six World Series trades originally >...
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