Notable News to Watch: The PNC Financial Services Group (NYSE: PNC)

The PNC Financial Services Group (NYSE:PNC) spotted trading -9.35% off 52-week high price. On the other end, the stock has been noted 21.46% away from the low price over the last 52-weeks. The stock changed 0.12% to recent value of $131.72. The stock transacted 1350519 shares during most recent day however it has an average volume of 1881.75K shares. The company has 451M of outstanding shares and 444.17M shares were floated in the market.  

 On Sept. 06, 2019, The PNC Financial Services Group (NYSE:PNC) declared the redemption on Sept. 18, 2019 of all of the outstanding Senior Notes due Oct. 18, 2019 issued by PNC Bank, National Association in the amount of $1,250,000,000 (CUSIP 69353RDZ8). The securities have a distribution rate of 2.400 percent and an original scheduled maturity date of Oct. 18, 2019. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of Sept. 18, 2019.

Payment of the redemption price will be made through the facilities of The Depository Trust Company.

The PNC Financial Services Group is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management.

 Its earnings per share (EPS) expected to touch remained 35.30% for this year while earning per share for the next 5-years is expected to reach at 5.50%.PNC has a an operating margin of 70.20% while its profit margin remained 37.70% for the last 12 months. 

  The price moved ahead of 3.36% from the mean of 20 days, -2.03% from mean of 50 days SMA and performed 2.04% from mean of 200 days price. Company’s performance for the week was 2.67%, 1.51% for month and YTD performance remained 12.67%.

Leave a Reply

Your email address will not be published. Required fields are marked *