PNC Financial: Interest Rate Cuts Could Increase Lending
PNC(PNC) Seeking Alpha·2024-09-09 13:16
jetcityimage PNC Financial Services (NYSE:PNC) has a few good things going for it. The company is in a good position to benefit from the new interest rate lowering cycle, which can drive increases in lending and refinancing. PNC is reasonably valued, which should allow the stock to grow along with earnings growth. PNC Financial Services Business Background PNC Financial handles numerous services divided up among its three business segments: 1. Retail Banking: Comprised 62% of Q2 2024 total net interest ...