PNC Financial (PNC) Offering Possible 41.64% Return Over the Next 17 Calendar Days

PNC Financial's most recent trend suggests a bearish bias. One trading opportunity on PNC Financial is a Bear Call Spread using a strike $121.00 short call and a strike $126.00 long call offers a potential 41.64% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $121.00 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $3.53 would be incurred if the stock rose above the $126.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for PNC Financial is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for PNC Financial is bearish.

The RSI indicator is at 21.23 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for PNC Financial

Bank Stock Roundup: Concerns Rife, Fifth Third, Capital One & SunTrust Top Estimates
Fri, 26 Oct 2018 13:19:01 +0000
Investors' sentiment shaken on global sell-off in stocks, which led banking stocks to put up a lackluster show.

PNC Financial Rises 3%
Thu, 25 Oct 2018 21:44:02 +0000 – PNC Financial (NYSE:PNC) rose by 3.04% to trade at $120.45 by 14:43 (18:43 GMT) on Thursday on the NYSE exchange.

U.S. Fed sets Oct 31 meeting to vote on bank deregulation rules
Wed, 24 Oct 2018 17:58:00 +0000
The U.S. Federal Reserve will consider a proposal that would ease rules for all but the nation's largest banks at an Oct. 31 board meeting, the central bank announced on Wednesday. The proposal, which has yet to be unveiled, would implement several major provisions of a bank deregulation bill Congress passed in May. Most notably, the law directs the Fed to ease oversight of banks with $100 billion to $250 billion in assets. The meeting will be cheered by the banking industry, which has been eager to hear from the Fed on how it intends to implement this mandate.

Regional Bank Corrections Remain After Earnings
Mon, 22 Oct 2018 13:22:00 +0000
The Federal Reserve is raising the federal funds rate, which is supposed to benefit regional banks, but that has not been the case. Conventional wisdom does not work when the banking system has experienced a credit crunch, a zero percent funds rate, three waves of quantitative easing, and now a long and tedious so-called normalization of monetary policy by the Federal Reserve. When the Federal Reserve cut the federal funds rate to 0.00% to 0.25% back in December 2008, banks had a difficult time managing net interest income.

PNC partners with OnDeck for online small business lending
Mon, 22 Oct 2018 04:21:31 +0000
From 2019, businesses in the United States will be able to apply for lines of credit of up to $100,000 through their mobile devices or computers on PNC's website and receive an answer within minutes, they said. PNC believes the service — which combines the bank's credit expertise and balance sheet with OnDeck's origination technology — will make it easier and faster for small businesses to access credit. “The goal is to take the lending experience, which normally takes multiple days to get approval, down to three or five minutes,” Lakhbir Lamba, head of retail lending at PNC Bank said in an interview.

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