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PNC Financial Services Group IncPNCPARTIAL BUYApr 10, 2023Stock price when the opinion was issued
As of Jun 11, 2026. Market Open.
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.
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.