Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
- Latest News
- Most Popular
- 3 Dreamy Small-Cap Stocks
- Correction or Summer Range Trade?
- Hitting Home Runs & Grand Slams, Not Loud Outs
- Hedge Your Portfolio with the Equity Bear ETF
- Machinery Industry Stock Outlook - May 2013
- Determining Correct Position Size with Options
- This Week's Growth & Income Stocks
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- AWS 5/23: Is the Market Over-Reacting?
- PFP 5/23: Do No Harm
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/23/2013
| Company Name | Symbol | %Change |
|---|---|---|
| WESTELL TECH | WSTL | 6.67% |
| STEIN MART I | SMRT | 5.38% |
| ALLIANCE FIB | AFOP | 5.21% |
| DAWSON GEOPH | DWSN | 4.33% |
| MARRIOTT VAC | VAC | 3.27% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Last Friday, PNC Financial Services Group Inc. ( PNC - Analyst Report ) has completed the purchase of RBC Bank (USA), the U.S. retail banking subsidiary of Royal Bank of Canada ( RY - Snapshot Report ) , according to a filing with the Securities and Exchange Commission on Monday. PNC Financial bought 100% of the issued and outstanding shares of RBC Bank for around $3.47 billion in cash.
Following the closure of the deal, RBC Bank was merged with and into PNC Bank, an indirect, wholly owned subsidiary of PNC Financial. As a result of this, RBC branches opened as PNC branches yesterday. In addition, PNC Bank accomplished the purchase of RBC Bank-related credit card receivables from RBC Bank (Georgia).
Notably, in June 2011, PNC Financial announced its plan to purchase RBC Bank (USA). The acquisition facilitated PNC Financial to expand its footprint in the Southeast markets by adding over 400 branches to its network.
PNC Financial expects the acquisition to be immediately accretive to earnings (excluding integration costs). With the addition of RBC Bank's loan portfolio, the company expects loan growth in the mid to high teens in 2012.
Our Take
PNC's continued strengthening of balance sheet, with focus on risk and expense management, should propel its earnings ahead. Benefits from the acquisition of National City in 2008 continue to exceed the company's expectations.
In 2011, PNC Financial also completed acquiring the 27-branch retail bank franchise in Georgia from Flagstar Bank, a subsidiary of Flagstar Bancorp Inc. ( FBC - Snapshot Report ) . The deal helped PNC Financial to expand operations in Atlanta. The company's latest acquisition of RBC Bank also augurs well and adds to its competitive edge.
Yet, the top-line headwind is expected to remain in the near term, with the sluggish economic recovery and a low interest rate environment. Alongside, the regulatory issues also remain a concern.
PNC shares maintain a Zacks #3 Rank, which translates into a short-term Hold recommendation. Considering its fundamentals, we also have a Neutral recommendation on the stock.
Read the full reports :
Analyst Report on PNC
Snapshot Report on FBC
Snapshot Report on RY