We think PNC’s strategy is solid, with the bank building a national presence through acquisitions and organic growth. The bank’s profitability and return profile should improve from better scale and deepening client relationships.
The acquisition of FirstBank makes PNC as the bank with the No. 2 deposit market share in Denver and could result in above-market balance sheet growth for PNC.
The US economy has some pockets of softness, particularly in the labor market recently. If the economy experienced a recession, PNC could face lower balance sheet growth and higher credit costs.
|
Metric
|
PNC
|
FITB
|
KEY
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.86 | 13.04 | 11.73 |
Price/Book Value | 1.38 | 1.41 | 1.24 |
Price/Sales | 3.59 | 3.71 | 2.90 |
Price/Cash Flow | 8.31 | 9.87 | 13.08 |
|
Metric
|
PNC
|
FITB
|
KEY
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
PNC
|
FITB
|
KEY
|
|---|---|---|---|
Return on Assets (Normalized) | 1.32% | 1.31% | 1.14% |
Return on Equity (Normalized) | 13.12% | 13.18% | 12.26% |
Return on Invested Capital (Normalized) | — | — | — |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
|
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