PNC Financial Services Group Inc
NYSE: PNC
$211.06
Closing Price on November 12, 2024
PNC Articles
With the Federal Reserve expected to raise rates in December, and again in 2018, these stocks make good long-term holdings in growth accounts.
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Many banks and financial firms have seen their price targets and expectations raised by analysts ahead of this earnings season.
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The top analyst upgrades, downgrades and other research calls from Tuesday include Altria, Apple, Discovery, DowDuPont, JPMorgan, Red Hat and T-Mobile.
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JPMorgan is reasonably upbeat on the sector going forward. It has raised price targets on five top banks.
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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...
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Some consumers feel ripped off at the notion of paying 18% interest rates, or even higher, on their credit cards.
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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.
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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.
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Sticking with the big money center and regional leaders makes sense for investors, especially with some volatility creeping back into the overall markets.
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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.
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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.
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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.
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The top analyst upgrades, downgrades and initiations seen on Tuesday include American Express, JPMorgan, Netflix, Nordstrom and Twitter.
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Given the big run in the stocks, the analysts look to be favoring companies that also have a strong capital markets business. These five that are still rated Buy at Deutsche Bank.
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Some top Wall Street strategists feel that financial and consumer discretionary companies could benefit from the conclusion of the election, as far more of them noted the uncertainty earnings reports...
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