Taking a Fresh Look at The PNC Financial Services Group, Inc. (PNC)

The PNC Financial Services Group, Inc. (PNC) is an interesting player in the Financial space, with a focus on Money Center Banks. The stock has been active on the tape, currently trading at $144.29, down from yesterday’s close by -0.95%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

The PNC Financial Services Group, Inc. (PNC) currently trades with a market capitalization of $69.31 Billion. That value represents a market adjusting for revenues that have been growing by 15.93 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $4.83 Billion over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $2.2 on a per share basis this quarter. Perhaps, that suggests something about why 0.49% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how PNC has been acting. Looking at the stock’s movement on the chart, The PNC Financial Services Group, Inc. recorded a 52-week high of $147.28. It is now trading 2.99% off that level. The stock is trading $138.98 its 50-day moving average by -5.31%. The stock carved out a 52-week low down at $113.66.

In recent action, The PNC Financial Services Group, Inc. (PNC) has made a move of +2.65% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 19.03, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.18% with $474.78 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PNC.

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