Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Releases Results Of Annual Dodd-Frank Company-Run Stress Test

[PR Newswire] – PITTSBURGH, June 23, 2016 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the results of its annual company-run stress test conducted in accordance with regulations of … Read more on this. The PNC Financial Services Group, Inc. (PNC) , with a current market cap of $43.28B, began trading this morning at $85.85. Looking at today’s market, PNC one day range is $85.79 to $86.76 with the price of the stock fluctuating between $77.67 to $100.52 over the last 52 weeks. PNC shares are currently priced at 11.85x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 14.47x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.04 per share annually in dividends, yielding 2.41%. In a review of the consensus earnings estimate this quarter, 29 sell-side analysts are looking at $1.76 per share, which would be $0.12 worse than the year-ago quarter and a $0.09 sequential decrease. The full-year EPS estimate is $7.15, which would be a $0.24 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.81 Billion. If reported, that would be a 1.55% decrease over the year-ago quarter. More recently, Raymond James downgraded PNC from Mkt Perform to Underperform (May 9, 2016). Previously, Atlantic Equities downgraded PNC from Overweight to Neutral. The average price target for PNC shares is $94.96, which is 10.61% above where the stock opened this morning. See more in (NYSE:PNC) Similar Articles: Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Executive to Speak at Morgan Stanley Investor Conference Stock Update (NYSE:PNC): PNC Declares Dividend of 51 Cents on Common Stock Stock Update (NYSE:PNC): PNC Executive Vice President Neil F. Hall To Retire