PNC Financial (PNC) Offering Possible 36.99% Return Over the Next 17 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 $105.00 short put and a strike $100.00 long put offers a potential 36.99% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $100.00 long put 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 up which suggests that the medium-term momentum for PNC Financial is bullish.

The RSI indicator is at 58.51 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for PNC Financial

4 Banks That Did a Poor Job of Forecasting Loan-Loss Projections
Sat, 01 Aug 2020 15:07:00 +0000
Each of these banks saw huge increases in its quarterly loan-loss provisions between the first and second quarters of the year.

PNC Announces Redemption Of All Depositary Shares Representing Interests In Series Q Stock
Fri, 31 Jul 2020 10:44:00 +0000
The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Sept. 1, 2020, of $480,000,000 of Depositary Shares (CUSIP: 693475832) (the "Depositary Shares") representing interests in PNC's 5.375% Non-Cumulative Perpetual Preferred Stock, Series Q (the "Series Q Preferred Stock"). Each Depositary Share represents a 1/4,000th interest in a share of the Series Q Preferred Stock. All 19,200,000 Depositary Shares currently outstanding will be redeemed.

5 Banks Popular Among Gurus
Mon, 27 Jul 2020 23:23:34 +0000
US Bancorp makes the list Continue reading…

Top Financial Stocks for August 2020
Mon, 27 Jul 2020 18:20:22 +0000
These are the financial stocks with the best value, fastest growth, and most momentum for August 2020.

Why PNC May Use a Different M&A Playbook Than It Did During the Great Recession
Sun, 19 Jul 2020 17:07:00 +0000
The bank pounced on a big acquisition in 2008 during the Great Recession, but now it may be more patient.

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