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Fly News Breaks for November 25, 2019
PNC
Nov 25, 2019 | 07:44 EDT
Odeon Capital analyst Dick Bove initiated coverage of PNC Financial with a Hold rating. While Bove notes PNC is building its non-interest income businesses and thinks it has a "solid" balance sheet, he also sees it being vulnerable to increased competition and views it as "heavily exposed" to commercial and industrial lending at a time when these markets are pressured.
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