PNC Financial Offering Possible 5.93% Return Over the Next 15 Calendar Days

PNC Financial's most recent trend suggests a bullish bias. One trading opportunity on PNC Financial is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 5.93% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $72.50 long put strike price.

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

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

The RSI indicator is at 41.36 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for PNC Financial

Citigroup Castoffs Are BB&T’s Gain as Regionals Bulk Up
Fri, 07 Feb 2014 13:27:32 GMT
Bloomberg – Kelly King wants BB&T Corp. (BBT) to be bigger in Texas. “There really are a lot of issues around mergers, and a number of acquisitions have run into trouble,” King, chief executive officer of BB&T, said in an interview. In December he agreed to buy 21 Texas branches from Citigroup Inc. (C) “When you can do a branch acquisition like what we just did with Citi, you don’t get any of those entanglements.” U.S. regional banks, spooked by crisis-era deals gone awry and a regulatory review holding up M&T Bank Corp.’s (MTB) merger with Hudson City Bancorp Inc. (HCBK), are buying pieces of rivals to sidestep pitfalls of acquiring whole firms.

1 Critical Change at This Bank Could Mean Billions for Investors
Fri, 07 Feb 2014 13:01:58 GMT
Motley Fool – PNC has been open and honest about its desire to shift how it generates its revenue, and 2013 proved that big changes may continue to be ahead for this bank.

A Wall Street Transcript Interview with Nick Karzon, a Senior Research Analyst with the Credit Suisse Group Covering Smid-Cap Banks in the Midwest, Southeast, Mid-Atlantic and Pacific Regions: Regional Banks Benefit Long Term as Interest Ra
Thu, 06 Feb 2014 17:52:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – February 6, 2014 – The Wall Street Transcript has just published its Southeast & Midwestern Banks Report offering a timely review of the sector to serious investors and industry …

U.S. Banks Weigh Free FICO Scores as Discover Expands Offering
Thu, 06 Feb 2014 13:00:00 GMT
Bloomberg – More U.S. banks may soon give free FICO credit scores to millions of card customers along with their monthly bills as Discover Financial Services (DFS) extends the offering to all of its cardholders. FICO, formerly known as Fair Isaac Corp., is negotiating with some of the largest credit-card issuers, Anthony Sprauve, the San Jose, California-based firm’s senior consumer-credit specialist, said yesterday in a phone interview, declining to identify the banks. FICO scores are used in lending decisions, such as for issuing credit cards or setting interest rates on home loans, and are the most widely used credit-scoring formula in the U.S. They previously were available at a cost or through online trial subscriptions. Barclaycard US, a unit of London-based Barclays Plc, and First National Bank of Omaha in Nebraska were the first to offer free FICO scores to some customers in November.

ValueVision Media Increases PNC Bank Credit Facility by $25 Million
Wed, 05 Feb 2014 13:03:00 GMT
Marketwired – ValueVision Media, Inc. , a multichannel retailer operating as ShopHQ, today announced it has increased the size of its credit facility with PNC Bank, National Association , from $50 million to $75 million. …

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