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Fly News Breaks for July 18, 2016
PNC
Jul 18, 2016 | 07:51 EDT
RBC Capital believes that PNC reported solid Q2 results, and the firm says that the bank's credit quality rebounded. The firm thinks that PNC's strategy of protecting its balance sheet at the expense of near-term earnings "will pay huge dividends" to shareholders over the longer term. It keeps a $95 price target and Top Pick rating on the shares.
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