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PNC

PNC Financial

$159.94

0.51 (0.32%)

06:49
01/15/20
01/15
06:49
01/15/20
06:49

PNC Financial reports Q4 EPS $2.97, consensus $2.93

Reports Q4 revenue $4.6B, consensus $4.48B. Reports Q4 book value per share $104.59. Reports Q4 Basel III CET1 capital ratio 9.5%. Reports Q4 net charge-offs 0.35%.

  • 15

    Jan

PNC PNC Financial
$159.94

0.51 (0.32%)

12/09/19
12/09/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. 3M (MMM) downgraded to Neutral from Buy at Citi with analyst Andrew Kaplowitz saying with industrial production having peaked in December 2018, the "industrial cycle" is in the midst of a mild downturn that could stabilize. 2. PNC Financial (PNC) downgraded to Outperform from Top Pick at RBC Capital with analyst Gerard Cassidy saying while the outlook for the stock remains "robust" and he still views the company as one of the top performing U.S. banks, he prefers Truist Financial Corporation as his new Top Pick rated bank stock given the opportunity offered by its recent merger combining BB&T (BBT) and SunTrust (STI). 3. Macy's (M) downgraded to Sell from Neutral at Goldman Sachs with analyst Alexandra Walvis saying while acknowledging the stock's year-to-date underperformance and "already weak sentiment" following the recent deterioration in fundamentals, she sees "significant additional downside" to Macy's retail operations. 4. Chevron (CVX) downgraded to Neutral from Buy at Citi with analyst Alastair Syme saying Chevron has emerged as a "relative safe haven" for energy investors given its balance sheet strength and clear capital allocation; however, the "safe-haven status might now be overplayed." 5. Harvard Bioscience (HBIO) downgraded to Speculative Buy from Buy at Benchmark with analyst Bruce Jackson citing the corporate restructuring that the company is undergoing as part of the new strategic plan introduced in September. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/06/20
WELS
01/06/20
DOWNGRADE
Target $61
WELS
Underweight
U.S. Bancorp downgraded to Underweight at Wells Fargo
As previously reported, Wells Fargo analyst Mike Mayo downgraded U.S. Bancorp (USB) to Underweight from Equal Weight with a $61 price target, given his view that the stock will underperform the banking industry over the next 12 months, consistent with his firm's new rating system. Strategically, U.S. Bancorp frittered away a degree of its competitive advantage by not capitalizing more when its competitors were weaker, he contends. Financially, the analyst believes its premium ROE and efficiency should narrow by another 100bp on top of the 300bp narrowing of the past 5 years. The company's newer moves to expand nationally also come later than peer and with new risks and at a time when they have not shown the benefits of harvesting tech benefits to the level of its larger peers or with the clarity of peers such as PNC (PNC), Mayo adds.
01/09/20
BOFA
01/09/20
UPGRADE
BOFA
Buy
PNC Financial upgraded to Buy from Neutral at BofA
BofA upgraded PNC Financial to Buy from Neutral.
01/09/20
BOFA
01/09/20
UPGRADE
Target $178
BOFA
Buy
PNC Financial's EPS growth should help support premium valuation, says BofA
BofA analyst Erika Najarian upgraded PNC Financial to Buy from Neutral with a price target of $178, up from $144. In a research note to investors, Najarian says she views PNC as the "regional bank version" of JPMorgan (JPM) -- the combination of a fortress balance sheet and above-peer growth prospects, but with excess capital. The analyst says the combination of 5% EPS growth and capital return potential at ~10% of market cap should support premium valuations on both earnings and book and drive further outperformance.

TODAY'S FREE FLY STORIES

SPOT

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  • 05

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CE

Celanese

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-0.53 (-0.45%)

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BYND

Beyond Meat

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-1.16 (-1.05%)

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DBD

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IEF

iShares 7-10 Year Treasury Bond ETF

$111.28

-0.13 (-0.12%)

, SHY

iShares 1-3 Year Treasury Bond

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SHY

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

SLV

iShares Silver Trust

$16.82

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GLD

SPDR Gold Shares

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FXE

Euro Currency Trust

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UBSFY

Ubisoft

$0.00

(0.00%)

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Ubisoft to restructure editorial team after difficult 2019, VGC reports »

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  • 17

    Jan

  • 18

    Feb

IMVT

Immunovant

$17.04

-0.01 (-0.06%)

17:27
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Syndicate
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TBLT

ToughBuilt

$0.33

-0.0255 (-7.11%)

17:20
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Syndicate
ToughBuilt files to sell common stock, no amount given »

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MYO

Myomo

$0.32

0.0062 (1.98%)

17:18
01/17/20
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17:18
Conference/Events
Myomo to host special shareholder meeting »

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  • 21

    Jan

SRRA

Sierra Oncology

$0.40

-0.02 (-4.76%)

17:14
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Conference/Events
Sierra Oncology to host virtual special shareholder meeting »

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  • 21

    Jan

SRNE

Sorrento Therapeutics

$4.26

-0.15 (-3.40%)

17:10
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AKER

Akers Biosciences

$3.45

-0.1 (-2.82%)

17:01
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ECA

Encana

$4.09

-0.18 (-4.22%)

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Encana receives court approval for reorganization »

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  • 29

    Jan

MBRX

Moleculin Biotech

$0.96

0.0122 (1.29%)

16:38
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Breaking Syndicate news story on Moleculin Biotech »

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VOD

Vodafone

$20.07

-0.225 (-1.11%)

, BT

BT Group

$0.00

(0.00%)

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BT, Vodafone consider urging PM Johnson not to ban Huawei in U.K., Reuters says »

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16:30
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Options
Preliminary option volume of 28.7M today »

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NSCO

Nesco Holdings

$5.12

0.025 (0.49%)

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GPS

Gap

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-0.075 (-0.40%)

, CMCSA

Comcast

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CMCSA

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$47.48

0.62 (1.32%)

CMCSK

Comcast

$0.00

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PLAY

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$47.35

5.3 (12.60%)

KKR

KKR

$31.20

0.7 (2.30%)

BA

Boeing

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JNJ

Johnson & Johnson

$149.07

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SWK

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$172.63

2.18 (1.28%)

TWOU

2U

$22.84

1.05 (4.82%)

BE

Bloom Energy

$9.70

0.43 (4.64%)

MGPI

MGP Ingredients

$38.16

-14.74 (-27.86%)

FAST

Fastenal

$36.77

-0.55 (-1.47%)

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  • 17

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  • 22

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    Jan

  • 29

    Jan

  • 29

    Jan

  • 31

    Jan

  • 26

    Feb

  • 27

    Feb

  • 09

    Mar

  • 17

    Mar

APLS

Apellis

$40.43

0.03 (0.07%)

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Apellis CEO sells 30.6K shares of common stock »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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16:15
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LGC

Legacy Acquisition Corp

$10.33

(0.00%)

16:08
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GNUS

Genius Brands

$0.33

-0.015 (-4.41%)

16:04
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BBY

Best Buy

$90.21

1.28 (1.44%)

16:04
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Best Buy board opens investigation into CEO's personal conduct, WSJ says »

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