PNC Financial (PNC) puts more active than calls on elevated volatility into Q2

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Piper Jaffray Reiterates Overweight on PNC Financial Services (PNC) Following 2Q Report

July 18, 2016 8:14 AM EDT

Piper Jaffray reiterated an Overweight rating on PNC Financial Services (NYSE: PNC), and raised the price target to $97.00 (from $96.00), following the company's 2Q earnings report. Piper Jaffray cut 2016 EPS estimates to $7.00 from $7.10 due to incremental pressure to NIM. PNC will likely continue to see NIM pressure in the near... More