PNC Financial Services Group Inc
PNC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|P> | LOCK|kXDq | LOCK|XVrkGw#t |
Increasing Our Fair Value Estimate for PNC to $251 From $241 After Second-Quarter Earnings
Business Strategy and Outlook
We think PNC’s strategy is solid, with the bank building a national presence through acquisitions and organic growth. The bank’s profitability and return profile should improve from better scale and deepening client relationships.
