![]() ![]() PNC 1Y mountain PNC stock -CNBC's Michael Bloom contributed to this report. The stock has declined 14% in 2023 and plunged 25.2% during the past 12 months. To be sure, Horowitz noted: "While this announcement will prevent significant market share shifts, the risk remains on the margin of continued market share shifts to the very large banks and will be an overhang on smaller banks until proven otherwise." PNC shares fell almost 11% during the prior trading week. But, while the losses in the sector were broad, Citi thinks that banks with "strong diversified deposit franchises and clean asset quality" will be winners going forward. On Sunday, regulators unveiled a plan to backstop depositors with money at the bank. The analyst added that the regional bank "has a number of positives including larger benefit than most peers on fixed asset repricing tailwinds, screens well on our fair value analysis, clean asset quality, and strong deposit base." Bank stocks are under pressure after the Silicon Valley Bank failure. You can purchase a ticket and join up, download the app or find your nearest outlet. The next Superdraw event is 11 February 2023. "PNC is a high quality franchise with a strong management team and given the recent pullback we view this as an attractive entry point," Horowitz wrote in a note on Monday. Lotto's 20 Million Superdraw Superdraws are an exciting super-sized Saturday Lotto event giving you the chance to win a share in 20 Million or more on a Saturday. Shares were further down 5.3% on Monday before the bell. He reiterated his price target of $175, implying more than 27% upside from Friday's close price. Analyst Keith Horowitz upgraded PNC shares to buy from hold. There's a big buying opportunity in PNC Financial shares, according to Citi. ![]() Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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