PNC Financial Services (PNC) Tops Q2 EPS by 7c

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Compass Point Downgrades PNC Financial (PNC) to Neutral

July 17, 2014 8:28 AM EDT

Compass Point downgraded PNC Financial (NYSE: PNC) from Buy to Neutral with a price target of $86.00 (from $96.00) following Q2 results.

Analyst Kevin Barker states, "PNC reported a headline beat, but after taking into account a series of one-time items and an outsized gain on sale from mortgage production, the core operating result was a material miss. The miss... More