Stock Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Executive to Speak at Morgan Stanley Investor Conference

[PR Newswire] – PITTSBURGH, May 25, 2016 /PRNewswire/ — The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chief Financial Officer Robert Q. Reilly will discuss business performance, strategy and … Read more on this. The PNC Financial Services Group, Inc. (PNC) , valued at $45.07B, started the session at $89.39. Today’s price range has been between $89.36 and $90.85 per share and has traded between $77.67 and $100.52 over the past year. Priced at 12.45x this year’s forecasted earnings, PNC shares are relatively inexpensive compared to the industry’s 14.60x forward p/e ratio. And for passive income investors, the company pays shareholders $2.04 per share annually in dividends, yielding 2.32%. According to a consensus of 28 analysts, the earnings estimate of $1.76 per share would be $0.12 worse than the year-ago quarter and a $0.09 sequential decrease. Investors should also note that the full-year EPS estimate of $7.15 is a $0.24 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.82 Billion. If reported, that would be a 1.29% decrease over the year-ago quarter. More recently, Raymond James downgraded PNC from Mkt Perform to Underperform (May 9, 2016). Previously, Atlantic Equities downgraded PNC from Overweight to Neutral. The average price target for PNC shares is $94.78, which is 6.03% above where the stock opened this morning. See more in (NYSE:PNC) Similar Articles: Stock Update (NYSE:PNC): PNC Executive Vice President Neil F. Hall To Retire Market Update: The PNC Financial Services Group Inc (NYSE:PNC) – PNC Changes Prime Rate Market Update: The PNC Financial Services Group Inc (NYSE:PNC) – FuelCell Energy Announces Project Finance Facility with PNC Energy Capital