PNC Financial Services Group, I with ticker code (PNC) now have 21 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 259 and 204 with the average target price sitting at 225.62. With the stocks previous close at 201.3 this would indicate that there is a potential upside of 12.1%. There is a 50 day moving average of 207.26 and the 200 day moving average is 197.9. The market cap for the company is $84,491m. Company Website: https://www.pnc.com
The potential market cap would be $94,699m based on the market concensus.
The PNC Financial Services Group operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. The Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; payables, receivables, deposit and account, liquidity and investments, and online and mobile banking products and services; foreign exchange, derivatives, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions for the commercial real estate finance industry. The Asset Management Group segment offers investment and retirement planning, customized investment management, private banking, and trust management and administration solutions; and multi-generational family planning products, such as estate, financial, tax planning, fiduciary, investment management and consulting, personal administrative, asset custody, and customized performance reporting services. This segment also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services. As of December 31, 2020, it operated 2,162 branches and 8,900 ATMs. The PNC Financial Services Group was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
