PNC Financial's most recent trend suggests a bearish bias. One trading opportunity on PNC Financial is a Bear Call Spread using a strike $104.00 short call and a strike $109.00 long call offers a potential 56.74% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $104.00 by expiration. The full premium credit of $1.81 would be kept by the premium seller. The risk of $3.19 would be incurred if the stock rose above the $109.00 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 43.3 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for PNC Financial
Harris Williams Advises H.I.G. Capital on its Acquisition of Supply Source Enterprises, Inc.
Wed, 01 Jul 2020 18:50:00 +0000
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised H.I.G. Capital’s investment affiliate, H.I.G. Advantage (H.I.G.), on its acquisition of Supply Source Enterprises, Inc. (SSE) from Genuine Parts Company (GPC). SSE is a leading manufacturer of branded and private label personal protective equipment and janitorial, safety, hygiene and sanitation products. The transaction was led by Bob Baltimore and Graham Gillam of the Harris Williams Specialty Distribution Group.
Harris Williams Advises The Retina Group of Washington on its Transaction with PRISM Vision Group
Wed, 01 Jul 2020 14:28:00 +0000
Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised The Retina Group of Washington (RGW) on its transaction with PRISM Vision Group (PRISM), a portfolio company of Quad-C. RGW is a leading provider of retinal and macular care in the greater Washington, D.C., Maryland, and Virginia (DMV) region and, as part of the PRISM network, will be the platform practice for building a vertically integrated eye care network in the region. The transaction was led by Andy Dixon, Paul Hepper and Brian Jones of the Harris Williams Healthcare & Life Sciences (HCLS) Group and Beau Pierce of the firm’s Richmond office.
PNC Announces Stress Capital Buffer; Declares Dividend Of $1.15 On Common Stock
Tue, 30 Jun 2020 15:50:00 +0000
The PNC Financial Services Group, Inc. (NYSE: PNC) last week received the results of the Federal Reserve's 2020 Comprehensive Capital Analysis and Review (CCAR). The Federal Reserve's CCAR disclosure included its estimate of PNC's minimum capital ratios for the period from the first quarter of 2020 through the first quarter of 2022 under the Supervisory Severely Adverse Scenario. Based on PNC's strong results, PNC's Stress Capital Buffer (SCB) for the four quarter period beginning October 1, 2020 is 2.5%, which is the regulatory floor and the minimum SCB amount. PNC's Common Equity Tier 1 (CET1) ratio significantly exceeds the regulatory minimum (4.5%) plus our SCB, reflecting our strong capital levels entering 2020 and the gain on the recent sale of our investment in BlackRock, Inc.
PNC Financial Stock Rises 4%
Tue, 30 Jun 2020 12:35:10 +0000
Investing.com – PNC Financial (NYSE:PNC) Stock rose by 4.14% to trade at $105.06 by 12:33 (16:33 GMT) on Tuesday on the NYSE exchange.
The Small-Business Paycheck Loan Program Is Coming to an End
Mon, 29 Jun 2020 19:22:00 +0000
FEATURE The second round of the Paycheck Protection Program, which aims to provide loans to small businesses struggling in the Covid-19 recession, is about to end. The SBA will accept PPP loans from participating lenders until a minute before midnight on Tuesday, according to spokesman Matt Coleman.
Also on Market Tamer…
Follow Us on Facebook