PNC Financial (PNC) Offering Possible 25.31% Return Over the Next 22 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 $152.50 short call and a strike $157.50 long call offers a potential 25.31% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $152.50 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock rose above the $157.50 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 33.69 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for PNC Financial

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PNC closing another Pittsburgh branch
Tue, 28 Jan 2020 17:56:12 +0000
PNC Financial Services Group Inc. continues to winnow its branch network, bringing the local cuts to three by mid-April. PNC (NYSE:PNC) has filed an application with the Office of the Comptroller of the Currency to close its Greenfield branch, located at 4301 Murray Ave. A PNC spokeswoman confirmed that the site is being consolidated on April 17 and that the receiving branch is at 5810 Forbes Ave. in the city’s Squirrel Hill neighborhood. “We are making significant renovations to the Squirrel Hill branch,” added Marcey Zweibel, PNC senior vice president and director of corporate communications.

Bank of Hawaii (BOH) Q4 Earnings Beat Estimates, Revenues Up
Tue, 28 Jan 2020 12:44:12 +0000
Bank of Hawaii's (BOH) Q4 results reflect higher non-interest income, strong capital position and declining expenses, partially offset by growing provisions and contracting margins.

One of Pittsburgh's biggest banks cutting 15 branches
Mon, 27 Jan 2020 17:09:57 +0000
The cuts are footprint-wide, from Ohio to South Carolina, but the majority are within Pennsylvania — including one in Pittsburgh. F.N.B. (NYSE:FNB) confirmed that it is shuttering its First National Bank of Pennsylvania branch in the city’s Mount Washington neighborhood in April. Located at 55 Wyoming Street, the branch will be consolidated with F.N.B.’s South Side office at 1114 East Carson Street, less than two miles away, on Friday, April 17, said Jennifer Reel, senior vice president.

Surge of new hotels didn't spook these buyers from $100M+ downtown deal
Mon, 27 Jan 2020 15:37:51 +0000
"There is still demand not being met today," buyer says. "There's still a little bit of give before we see any kind of downturn in the market."

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