Is PNC Financial Services a Buy?
Banks are hit-or-miss investments right now, due to the state of the economy. But one bank you might want to take a swing at is PNC Financial Services (NYSE: PNC).
The nation's seventh-largest bank, with $433 billion in assets as of March 31, is down 36% on the year through Monday's close, which is in line with most other banks. But there have been some interesting developments with PNC that make it worth watching.
PNC made big news when it decided to sell off its $17 billion stake -- or 22% of the company -- in BlackRock, the world's largest asset management firm. It marked the end of a more than 25-year partnership between the two companies.
Source Fool.com
