For most investors, how important the price of a stock changes over time is. This factor can affect your investment portfolio and help you compare investment results across sectors and industries.
Fear of Running Out, or FOMO, also plays a role in investing, especially with particular tech giants, as well as stocks popular with consumers.
What if you invested in The PNC Financial Services Group, Inc (PNC) ten years ago? It might not have been easy to hold onto PNC all this time, but if it was, how much would your investment be worth today?
The in-depth activities of PNC Financial Services Group, Inc
With that in mind, let’s take a look at the main business drivers of The PNC Financial Services Group, Inc.
Based in Pittsburgh and established in 1983, PNC Financial Services Group, Inc. provides banking services to individuals and businesses. The main subsidiary of the company is PNC Bank.
PNC Financial reports primarily through three lines of business. Retail banking provides deposit, loan, brokerage, insurance, investment management and cash management services to individuals and small businesses through a branch network, ATMs, call centers and online and mobile banking channels.
The Business and Institutional Banking segment provides lending, treasury management and capital markets products and services to medium and large enterprises, government entities and non-profit organizations.
Asset Management Group offers a wide range of wealth management products and services to individuals and their families, as well as multigenerational family planning services to high net worth clients. The Institutional Asset Management business unit serves as an investment manager and trustee for companies, nonprofits and pension plans across the country.
The Other category includes residual activities that do not meet the disclosure criteria as a separate reportable activity.
On June 1, 2021, PNC Financial acquired BBVA USA Bancshares Inc. and its US banking subsidiary, BBVA USA. The company paid $ 11.5 billion in cash for the acquisition and added $ 82.2 billion in deposits and $ 60.5 billion in loans to its balance sheet.
In April 2017, PNC Financial acquired the trade finance and supplier finance business of ECN Capital Corp in the United States in a cash transaction valued at $ 1.1 billion. In December 2017, she acquired The Trout Group, LLC, an investor relations and strategic advisory firm. PNC Financial also acquired Fortis Advisors with a view to expanding its advisory business.
Anyone can invest, but building a successful investment portfolio requires a combination of several elements: research, patience, and a little bit of risk. So if you had invested in The PNC Financial Services Group, Inc ten years ago, you are probably feeling pretty good about your investment today.
According to our calculations, an investment of $ 1,000 made in September 2011 would be worth $ 4,069.11, or a gain of 306.91%, as of September 28, 2021, and this return excludes dividends but includes price increases.
The S&P 500 rose 278.01% and the price of gold rose 1.87% over the same period in comparison.
Going forward, analysts expect more potential for PNC.
PNC Financial’s shares have outperformed the industry to which it belongs over the past year. The company has an impressive track record of earnings surprises, with earnings exceeding Zacks’ consensus estimate over the past four quarters. Going forward, the focus on expanding the middle market lending franchise and strengthening digital product and service offerings will likely drive earnings growth. Given a strong balance sheet position, executing inorganic growth strategies to diversify revenue streams is likely to support performance. Strong capital deployment activities are likely to build confidence in the stock going forward. Still, the continued increase in spending will likely continue to hurt PNC Financial’s financial results in the near term. The net interest margin (NIM) is expected to remain under pressure in the near term due to low interest rates.
5 actions in the process of doubling
Each was selected by a Zacks expert as the # 1 favorite stock to earn + 100% or more in 2021. Previous recommendations climbed + 143.0%, + 175.9%, + 498.3% and + 673.0%.
Most of the stock in this report is flying under Wall Street’s radar, which provides a great opportunity to get into the ground floor.
Today, discover these 5 potential circuits >>
Click to get this free report
The PNC Financial Services Group, Inc (PNC): Free Stock Analysis Report
To read this article on Zacks.com, click here.
Zacks investment research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.