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The Panic-Proof Portfolio (Stockchase Research)PNC Financial Services Group IncPNCTOP PICKDec 27, 2022

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)

The Panic-Proof Portfolio (Stockchase Research)

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Stock price when the opinion was issued

$233.94

As of Jun 11, 2026. Market Open.

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BUY

He expects it to reach new highs as it pays a yield of 4%.

WEAK BUY

They reported an okay quarter earlier this week, beating revenues and EPS, but their guidance wasn't encouraging. It rallied when the regional banks rebounded last year. PNC isn't his favourite in this space, but owning it won't hurt you.

BUY ON WEAKNESS

The regional banks have been reporting decent earnings, because net-interest margins are great and high rates are another benefit. She will buy names like PNC.

BUY

They reported a 5% earnings beat, but a tepid forecast. Still, shares rallied nearly 7% last week.

SELL

He ran out of patience. PNC missed on the topline, beat on the bottom in its report. Money is flowing to the big banks instead, while big regionals like PNC are stuck in no-man's land.

BUY

Likes that they have a diversified deposit base of retail and commercial, and have only 2.7% exposure to commercial real estate. Deposits have grown, taking some business from the smaller regionals.

PARTIAL BUY

Pays a yield of 5%. The regional banks are now valued the same as the big money centers, so were overvalued before. He targets $130 for PNC as a trade.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST 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.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP 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)

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Unlock this Panic-proof Portfolio opinion with Stockchase Premium

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP 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)

Unspecified

It is well capitalized and not trading at a big multiple. Probably easier for it to make acquisitions than bigger companies like JP Morgan or the Bank of America. Great for the longer term.

BUY

PNC has seen steady loan growth, up 18% YOY and 6% QOQ. The regional banks will fare better than the bigger nationals.

BUY

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.

DON'T BUY

Many felt PNC was the top of class in earnings this week. But U.S. banks are rapidly becoming coal stocks (losers).

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