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$76.99 2.70 (3.63%)
9/8/2008 9:47 AM

PNC Financial Services (PNC)

CAPS Rating:
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A diversified financial services companies in the United States based on assets, with businesses engaged in retail banking, corporate and institutional banking, asset management and global fund processing services.

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Avatar MaeMonroe (23.69) Submitted: 4/25/08 10:50 AM : Underperform Start Price: $68.04 PNC Score: -19.46

PNC has long been stagnant. Rohr stated 5 years ago that the stock would break 100. Still yet to be seen. PNC hovers but never reallly moves.

PNC has held their own during this financial crunch, but the crunch is not over. They are overexposed in some of their Northeast markets. They have taken on 2 projects in the Pittsburgh area that are running over budget. Three PNC Plaza will now cost $200 million, up from the original budget of $179. AND...this project is subsidized with public (ie: taxpayer) funds.

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Avatar pilot7853 (72.90) Submitted: 8/03/08 10:04 PM

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As a PNC stock holder, I Love when a project is
partially paid by tax payers. It gives me a free ride.
There were only 3 hotels in downtown Pittsburgh, before
the PNC plaza was announced. Competition is low. Vacancy
rate will be low. The condos will sell quickly. The office
space is already rented. Project over runs are slim
compared to the reward. PNC stock will hit a record
high by the end of August. Compared to other financials.
PNC is a winner.

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