Stock Update (NYSE:PNC): PNC Executive Vice President Neil F. Hall To Retire

[PR Newswire] – PITTSBURGH, Jan. 25, 2016 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) today announced that Neil F. Hall will retire as executive vice president and head of Retail Banking, effective … Read more on this. The PNC Financial Services Group, Inc. (PNC) , currently valued at $41.86B, opened this morning at $85.67. Today, shares have traded between $83.03 and $85.81 per share with its 52-week range being $82.54 to $100.52. PNC Financial (PNC) shares are currently priced at 11.45x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 14.53x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.04 per share annually in dividends, yielding 2.38%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.73 per share, which would be $0.02 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $7.49 is a $0.10 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.76 Billion. If reported, that would be a 0.80% increase over the year-ago quarter. In terms of ratings, Piper Jaffray Initiated PNC at Overweight (Nov 24, 2015). Previously, Keefe Bruyette upgraded PNC from Underperform to Mkt Perform. Given all the information above, we should disclose to readers that the average price target is $99.08, which is 15.65% above than it opened this morning. See more in (NYSE:PNC) Similar Articles: Market Update (NYSE:PNC): PNC Executive to Speak at BancAnalysts Association of Boston Conference Market Update (NYSE:SRE): Jessie J. Knight, Jr., To Retire; Steven D. Davis Named Executive Vice President For Sempra Energy Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Chief Executive To Speak At Barclays Global Financial Services Conference