Morningstar - PNC Financial Services Group Inc. (PNC) PNC Sees Only Modest Loan Growth; Expenses Continue to Grow in Line With Revenue

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Morningstar

Eric Compton

EUR 100.00 For Business Accounts Only

PNC Sees Only Modest Loan Growth; Expenses Continue to Grow in Line With Revenue

No-moat-rated PNC Financial Services reported decent third-quarter results, which fit within our overall thesis for the company. However, after a few adjustments, mainly for more tempered loan growth as well as lower final leverage ratio assumptions, we are decreasing our fair value estimate to $134 per share from $139.
While many will focus on the less-than-enthusiastic loan growth comments from management, we note that loan growth was still positive overall, and given the current stage of the...

12/10/2018 15 EN

Underlying

PNC Financial Services Group Inc.

PNC Financial Services Group is a bank holding company. The company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. The company's segments are: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; Asset Management Group, which provides personal wealth management; and BlackRock, which provides a range of investment and technology services.

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US6934751057 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Eric Compton

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A director at PNC Financial Services Group Inc sold 7,665 shares at 176.000USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. ...

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PNC Sees Only Modest Loan Growth; Expenses Continue to Grow in Line With Revenue

PNC Financial Services Group Inc: 1 director

Moody's Ratings upgrades PNC Bank's subordinate bond rating to A2; affirms PNC Financial's ratings (long-term senior unsecured A3); outlook remains negative

PNC Financial Services Group, Inc.: Earnings increase driven by net interest margin increase and decline in provisions

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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