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$PNC Correction may not be complete, downside risks.

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Mortgages Drive Fee Revenue at U.S. Bank, PNC -- WSJ Dow Jones News - 10/17/2019 3:02:00 AM
Regional Lenders Lean on Fees to Fuel Revenue Growth --Update Dow Jones News - 10/16/2019 3:32:00 PM
PNC Shares Fall After CEO Sheds Light on Net Interest Income Guidance Dow Jones News - 10/16/2019 12:22:00 PM
Regional Lenders Lean on Fees to Fuel Revenue Growth Dow Jones News - 10/16/2019 10:09:00 AM
PNC Financial Services Group Expects Net Interest Income to Decline in 4Q Dow Jones News - 10/16/2019 8:35:00 AM
Correction to PNC Financial Story Dow Jones News - 10/16/2019 7:41:00 AM
PNC Financial Services Group Posts Higher 3Q Revenue Dow Jones News - 10/16/2019 7:29:00 AM
PNC Reports Third Quarter 2019 Net Income Of $1.4 Billion, $2.94 Diluted EPS PR Newswire (US) - 10/16/2019 6:44:00 AM
Harris Williams Advises National Seating & Mobility on its Pending Sale to Cinven Business Wire - 10/9/2019 10:43:00 AM
PNC Declares Dividend Of $1.15 On Common Stock PR Newswire (US) - 10/3/2019 10:36:00 AM
Six Major Banks to Pay $6 Million in CFTC Settlement Over Swap Activities Dow Jones News - 10/1/2019 10:10:00 PM
Apollo-Backed MidCap Financial Acquires PNC's Franchise Finance Business Dow Jones News - 10/1/2019 1:55:00 PM
Harris Williams Advises The Bakery Cos. on its Partnership with Arbor Investments Business Wire - 10/1/2019 11:10:00 AM
Harris Williams Advises Stirling Square Capital Partners on the Pending Sale of Siblu Villages to Naxicap Partners Business Wire - 9/27/2019 9:13:00 AM
The PNC Financial Services Group And M Financial Group Announce New Strategic Relationship PR Newswire (US) - 9/24/2019 12:00:00 PM
PNC Changes Prime Rate PR Newswire (US) - 9/18/2019 3:57:00 PM
Optimism Still Springs This Fall for Small and Mid-Size Business Owners PR Newswire (US) - 9/17/2019 8:05:00 AM
Online Bank Accounts With High Interest Rates Could Lose Some of Their Shine Dow Jones News - 9/16/2019 8:29:00 AM
The PNC Financial Services Group Announces Third Quarter Earnings Conference Call Details PR Newswire (US) - 9/13/2019 8:32:00 AM
Harris Williams Advises Space Electronics LLC on its Sale to L Squared Capital Partners Business Wire - 9/10/2019 10:56:00 AM
Harris Williams Advises Joe Hudson’s Collision Centers on its Sale to TSG Consumer Partners Business Wire - 9/10/2019 10:04:00 AM
PNC Announces Redemption Of 2.400 Percent Senior Bank Notes Due October 18, 2019 PR Newswire (US) - 9/6/2019 8:57:00 AM
Harris Williams Advises Health & Safety Institute on its Sale to Waud Capital Partners Business Wire - 9/3/2019 10:39:00 AM
PNC Chief Executive to Speak at Barclays Global Financial Services Conference PR Newswire (US) - 8/28/2019 7:43:00 AM
Harris Williams Advises ComputerEase Software on Its Sale to Deltek Business Wire - 8/19/2019 5:19:00 PM
TopMarketGainers Member Level  Monday, 05/27/19 07:24:52 PM
Re: None
Post # of 64 
$PNC Correction may not be complete, downside risks.

On the weekly chart there is mixed signal from the indicators, they Momentum an Stock are showing some weakness but the RSI and MACD are still positive. Volume must be higher to maintain the rally of the lows which seems to be struggle as the market is down for 5 consecutive weeks. The pivotal point is $138 if that holds as resistance selling could intensify quickly as a possible c wave begins to complete the ABC correction.
Now from a fundamentals perspective the stock is cheap at a12.2 p/e ratio and Mr Buffett increasing NYSE:BRK.B stake by 2 million shares to a total of 6.9 million is quite a vote of confidence, if Mr Buffett is continuing to buy we don't think he will do so at a premium so may wait for another pullback.



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