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PNC

PNC Financial

$88.14

0.2 (0.23%)

11:18
10/14/16
10/14
11:18
10/14/16
11:18

PNC Financial sees U.S. economy continuing to grow at steady pace

Says expenses "well managed," credit quality "stable" in Q3. Sees FY16 effective tax rate approximately 25%. Sees purchase accounting accretion approximately $50M in Q4. Says Q4 to be impacted by seasonally higher expenses. Says oil and gas represented small portion of outstanding loans, Says continues to monitor market conditions. Says believes majority of energy-related credit pressures have largely subsided. Says expects U.S. economy to continue to grow at steady pace. Sees 25bp rate increase in December. Comments taken from the Q3 earnings conference call. PNC is up fractionally in morning trading to $88.06.

  • 14

    Oct

  • 13

    Jan

PNC PNC Financial
$88.14

0.2 (0.23%)

10/06/16
RAJA
10/06/16
UPGRADE
RAJA
Market Perform
PNC Financial upgraded to Market Perform from Underperform at Raymond James
Raymond James analyst David Long upgraded PNC Financial ahead of the Q3 report saying negative earnings revisions over the past two years have likely hit an inflection point.
10/06/16
10/06/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. AutoNation (AN) upgraded to Neutral from Sell at Goldman with analyst David Tamberrino saying valuation has bottomed and could be flat to slightly up in the near-term as SAAR bounces around the low-to-mid 17M range. 2. Trina Solar (TSL), Yingli Green Energy (YGE), and JA Solar (JASO) were upgraded to Buy from Sell at Axiom while the firm upgraded SolarCity (SCTY) to Hold from Sell. 3. PNC Financial (PNC) upgraded to Market Perform from Underperform at Raymond James with analyst David Long saying negative earnings revisions over the past two years have likely hit an inflection point. 4. Big 5 Sporting (BGFV) upgraded to Buy from Hold at Deutsche Bank with analyst Mike Baker citing accelerating sales trends and higher earnings power from profitability improvements. 5. Booz Allen (BAH) upgraded to Outperform from Market Perform at Raymond James with analyst Brian Gesuale saying the recent selloff creates an attractive entry point. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/16
NOMU
10/10/16
DOWNGRADE
NOMU
Neutral
PNC Financial downgraded to Neutral from Buy at Nomura
Nomura analyst Bill Carcache downgraded PNC Financial to Neutral due to valuation and maintained his $89 price target on shares.
10/10/16
10/10/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Honeywell (HON) downgraded to Buy from Conviction Buy at Goldman with analyst Christopher Glynn lowering his Q3 Earnings Per Share expectations for Honeywell after the company cut its earnings and revenue outlook and trimmed his price target to $122 from $128. 2. United Technologies (UTX) downgraded to Neutral from Buy at Citi with analyst Jason Gursky saying he sees three issues limiting share upside over the next twelve-plus months. 3. PNC Financial (PNC) was downgraded to Neutral from Buy at Nomura while the firm downgraded Fifth Third (FITB) to Reduce from Neutral. 4. Myriad Genetics (MYGN) downgraded to Sell from Neutral at Ladenburg with analyst Kevin DeGeeter citing a "significant and unexpected deterioration" in outlook for the company's companion diagnostic franchise. 5. HSN, Inc. (HSNI) downgraded to Hold from Buy at Craig-Hallum with analyst Alex Fuhrman saying his channel checks indicate continued weakness in the third quarter, with particular weakness in jewelry and consumer electronics. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

EAT

Brinker

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SID

CSN

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AMAT

Applied Materials

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Technical Analysis
Technical Take: Applied Materials higher with peers »

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CWT

California Water Service

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TSS

TSYS

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TSYS analyst commentary  »

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  • 23

    Jan

NTRA

Natera

$9.87

-0.31 (-3.05%)

09:36
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Initiation
Natera initiated  »

Natera initiated with a…

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BETR

Amplify Snack Brands

, HSY

Hershey

09:36
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09:36
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Amplify Snack Brands, Hershey analyst commentary  »

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BETR

Amplify Snack Brands

HSY

Hershey

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09:35
01/17/18
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General news
FX Action: The dollar »

FX Action: The dollar…

PYPL

PayPal

$80.42

-0.12 (-0.15%)

09:34
01/17/18
01/17
09:34
01/17/18
09:34
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PayPal analyst commentary  »

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  • 08

    Mar

BBVA

Banco Bilbao

09:34
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Banco Bilbao rating change  »

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CMA

Comerica

09:33
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Comerica analyst commentary  »

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CWT

California Water Service

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California Water Service rating change  »

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ASML

ASML

$186.38

5.51 (3.05%)

09:32
01/17/18
01/17
09:32
01/17/18
09:32
Hot Stocks
ASML announces EUR 2.5B share buyback program, to boost dividend »

ASML will submit a…

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  • 17

    Jan

HAWK

Blackhawk

$45.05

8.55 (23.42%)

09:32
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Blackhawk analyst commentary  »

Blackhawk price target…

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FCX

Freeport McMoRan

09:31
01/17/18
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Freeport McMoRan rating change  »

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  • 25

    Jan

ASML

ASML

$186.38

5.51 (3.05%)

09:31
01/17/18
01/17
09:31
01/17/18
09:31
Earnings
ASML sees Q1 net sales around EUR 2.2B »

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  • 17

    Jan

HALO

Halozyme

$19.74

-0.62 (-3.05%)

09:31
01/17/18
01/17
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09:31
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Halozyme analyst commentary  »

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  • 18

    Jan

FLT

FleetCor

09:30
01/17/18
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ASML

ASML

$186.38

5.51 (3.05%)

09:30
01/17/18
01/17
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Earnings
ASML reports Q4 EPS EUR1.49 vs. EUR1.22 a year ago »

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  • 17

    Jan

09:30
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General news
Treasury Action: yields backed up to highs »

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USB

U.S. Bancorp

09:29
01/17/18
01/17
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09:29
Hot Stocks
Breaking Hot Stocks news story on U.S. Bancorp »

U.S. Bancorp sees FY18…

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  • 17

    Jan

CDK

CDK Global

$74.57

-1.2 (-1.58%)

09:29
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CDK Global rating change  »

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  • 30

    Jan

FISV

Fiserv

$137.51

0.29 (0.21%)

09:29
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Fiserv analyst commentary  »

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FGP

Ferrellgas Partners

09:26
01/17/18
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Hot Stocks
Ferrellgas Partners announces sale of Bridger Energy, terms not announced »

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USB

U.S. Bancorp

09:26
01/17/18
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Hot Stocks
U.S. Bancorp says expects positive operating leverage in FY18 »

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  • 17

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