PNC Financial Services Group Inc

NYSE: PNC
$190.57
-$4.11 (-2.1%)
Real Time Data Delayed 15 Min.

PNC Articles

Bank stocks are very expensive now, and JPMorgan has just five that it currently recommends, two big money center leaders and three top regional banks.
Even after the financial firms have reported earnings in the past two weeks we have seen another round of analysts raising their price targets on major banks.
With the Federal Reserve expected to raise rates in December, and again in 2018, these stocks make good long-term holdings in growth accounts.
Many banks and financial firms have seen their price targets and expectations raised by analysts ahead of this earnings season.
The top analyst upgrades, downgrades and other research calls from Tuesday include Altria, Apple, Discovery, DowDuPont, JPMorgan, Red Hat and T-Mobile.
JPMorgan is reasonably upbeat on the sector going forward. It has raised price targets on five top banks.
A few of the major banks kicked off the second quarter when they reported their most recent quarterly results last week. Although the initial reaction was somewhat negative from investors, analysts...
Some consumers feel ripped off at the notion of paying 18% interest rates, or even higher, on their credit cards.
The recent pullback in share prices for these five top banks have provided somewhat better entry points. JPMorgan continues to recommend large cap bank stocks.
This year, all 34 participating banks passed their stress tests, which is not only good news for investors, but good news for the country as a whole.
Sticking with the big money center and regional leaders makes sense for investors, especially with some volatility creeping back into the overall markets.
While the earnings season is set to wind down after what was a very solid quarter, this sector has been weak since March, and despite posting some solid results, has only partially recovered.
A new JPMorgan research report makes the case that bank stocks are attractively valued now relative to the overall market, and the rest of 2017 looks bright.
Given the fact that consumer confidence is the highest in 16 years, and the Federal Reserve will continue to raise interest rates, the outlook for the financial sector seems positive.
The top analyst upgrades, downgrades and initiations seen on Tuesday include American Express, JPMorgan, Netflix, Nordstrom and Twitter.
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