PNC Financial Services (PNC)
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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#5 on commercial real-estate loans
D grade from Hillbent.com
Reggies Analysis
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QUICK! Pick a reason to exit a market that has risen too fast and gotten too expensive. Here are three to choose from: buying power is getting exhausted according to DeMark indicators; daily sentiment indicators are 88% bullish; RSI’s and oscillators are over extended.
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Buying National City Corporation was a bad move.
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The entire financial sector is still iffy. The fallout from TARP and all the retro active restrictions that came with the bailout money is still a big unknown.
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This change to mark to market causing a 15% price increase is a joke
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Down she goes...
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Trouble here
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1 star financial
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Specbear
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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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banking

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