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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 11:08:00 EST
PNC Financial Services Group Inc (PNC)
Industry: Banks - Regional
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PNC has been trading in a range between $156.14 and $150.25 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PNC is trading below resistance at $161.60, about 2% to the upside. There is support at $155.48 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
PNC Financial Services Group Inc $PNC entered a Green zone 5 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $137.98, a potential down side of -11.84% from the recent price of 156.51. The stock is trading 3.55% (potential upside) below its 52 week high of $162.07 and 46 % (potential downside) above its 52 week low of $107.20 - based on the recent price.
Company Summary
The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments.
News
| PNC Financial (PNC) Announces a 3% Hike in Quarterly Dividend PNC Financial (PNC) announces a quarterly dividend hike of 3% following the Fed's stress test results. Its solid balance sheet and earnings strength are set to support the capital distribution moves. Source: Zacks Investment Research Wed, 03 Jul 2024 09:55:48 -0400 Sentiment: Positive |
| The PNC Financial Services Group Provides Quarterly 2025 Earnings Release Dates PITTSBURGH , July 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue 2025 quarterly earnings releases pre-market open and hold conference calls at the following times: First Quarter – Tuesday, April 15, 2025 at 10 a.m. (ET) Second Quarter – Wednesday, July 16, 2025 at 10 a.m. Source: PRNewsWire Wed, 03 Jul 2024 09:00:00 -0400 Sentiment: Neutral |
| PNC Raises Common Stock Dividend To $1.60 Per Share PITTSBURGH , July 2, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.60 per share, an increase of $0.05 cents per share, or 3%, from the second quarter dividend of $1.55 per share. The dividend will be payable Aug. 5, 2024, to shareholders of record at the close of business July 15, 2024. Source: PRNewsWire Tue, 02 Jul 2024 11:21:00 -0400 Sentiment: Neutral |
| Going Beyond Morningstar's 10 Best Value Stocks List Morningstar published 10 Best Value Stocks to Buy for the Long Term, undervalued blue-chip stocks with low price to fair value. Valuation and future return of each stock analyzed, compared to the S&P 500, Bristol-Myers has the highest potential rate of return. In comparison to Morningstar's 10 Best Value Stocks with 10 Best Dividend Stocks, Bristol-Myers stands out as undervalued with a high potential return. Source: Seeking Alpha Mon, 01 Jul 2024 23:57:12 -0400 Sentiment: Positive |
| This is how much the largest 20 U.S. banks raised dividends after stress tests With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients early Monday. Source: Market Watch Mon, 01 Jul 2024 08:44:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 162.07 52 Week Low: 107.199 Beta: 1.144 50 Day MA: 155.3184 200 Day MA: 144.2354 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.221 Qtr Revenue Growth YOY: -0.07 Forward PE: 12.1065 Trailing PE: 13.1411