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7 Regional Banks Where You Can Deposit Your Investment Capital - 6 of 7

 
 

#6 - PNC Financial Services (NYSE:PNC)

The PNC Financial Services Group, Inc. (NYSE: PNC) has its headquarters in Pittsburgh, Pennsylvania but has a robust network of 2,300 branches that spans 19 states plus the District of Columbia. The bank has a market cap of $50 billion and although PNC stock took a hit along with many regional banks as a result of the collapse of Silcon Valley Bank, analysts remained favorable on the stock. 

As of April 14, 2023, the bank was showing an increase in deposits and at a time when there are concerns of an earnings recession, PNC managed to post earnings of $3.98. This not only beat analysts’ expectations, but also came in ahead of the prior quarter. The bank currently pays a dividend that has a 4.8% yield and has been growing for the last 11 consecutive years.  

The bank’s Common Equity Tier 1 ratio of 9.2 which was up slightly from the 9.1% the bank had posted in the prior year.  

About The PNC Financial Services Group

The PNC Financial Services Group, Inc 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 segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services. Read More 
Current Price
$192.76
Consensus Rating
Hold
Ratings Breakdown
8 Buy Ratings, 6 Hold Ratings, 2 Sell Ratings.
Consensus Price Target
$200.81 (4.2% Upside)

 

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