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Opinions John O'Connell, CFA
PNC Financial Services Group IncPNCBUYAug 10, 2021
John O'Connell, CFAUnknown
$192.98
Stock price when the opinion was issued
$233.94
As of Jun 11, 2026. Market Open.
Financial Services
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Premium contentPAST TOP PICK
(A Top Pick Dec 27/22, Down 5.7%)Stockchase Research Editor: Michael O’Reilly
Our PAST TOP PICK with PNC has triggered its stop at $147. To remain disciplined we recommend covering the position at this time. This will result in a net investment loss of 4%, when combined with our previous buy recommendation.
Financial Services
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate this Pittsburgh based bank that has over 2500 branches as a TOP PICK. They are embarking on a cost saving plan to reduce branches in several store kiosks as customers opt increasingly for electronic banking. The company is prudently using cash reserves to aggressively retire debt and buy back shares. It trades at 12x earnings and 1.2x book. It offers a good dividend, backed by a payout ratio under 50% of cash flow. We recommend trailing up the stop loss (from $140) to $147, looking to achieve $186 -- upside potential over 19%. Yield 3.87% (Analysts’ price target is $185.84)
Financial Services
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate this Pittsburgh based bank that has over 2500 branches. We like that is has built cash reserves while aggressively reducing debt. It trades at only 1.4x book and offers a good dividend, backed by a payout ratio under 50% of cash flow. The dividend has grown for 10 consecutive years. We recommend trailing up the stop loss (from $125) to $140, looking to achieve $189 -- upside potential over 20%. Yield 3.7% (Analysts’ price target is $188.56)
Financial Services
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly This Pittsburgh based bank has over 2500 branches. We like that is has built cash reserves while aggressively reducing debt. It trades at only 1.1x book and offers a good dividend, backed by a payout ratio under 50% of cash flow. The dividend has grown for 10 consecutive years. We recommend a stop loss at $125, looking to achieve $198 -- upside potential over 32%. Yield 3.95% (Analysts’ price target is $197.78)
Financial Services
Favourite US bank He avoids cyclical businesses. Brokerage businesses in Morgan Stanley and Goldman Sachs are very well run are more investment bank/trading firms. Theoretically, they should trade lower multiples than more diversified banks like JPMorgan. He owns 4 banks, including PNC will likely be a major consolidator given their strong balance sheet. Are well-run. he expect them to buy back shares and raise their dividend.