PNC Financial Services Group Inc
PNC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $388.00 | Rvbmxvy | Rtktxyfv |
PNC: No Longer Our Preferred Investment Idea After Recent Stock Gains; Maintaining Valuation
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Narrow-moat-rated PNC Financial Services is no longer our preferred investment idea among the regional U.S. banks as the company's share price has rallied around 35% since hitting its 52-week low back in October 2023. We do not plan to materially change our $175 per share fair value estimate for PNC as we fully incorporate the bank's fourth-quarter results. While the company is still trading at around a 15% discount to our fair value estimate, the margin of safety has narrowed substantially the past few months.