PNC Financial (PNC) Offering Possible 42.86% Return Over the Next 20 Calendar Days

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PNC Financial’s most recent trend suggests a bearish bias. One trading opportunity on PNC Financial is a Bear Call Spread using a strike $175.00 short call and a strike $180.00 long call offers a potential 42.86% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $180.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for PNC Financial is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for PNC Financial is bearish.

The RSI indicator is at 32.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for PNC Financial

PNC Bank Appoints Yolanda Davila as Community Development Banking Southwest Territory Executive
Thu, 28 Apr 2022 20:06:07 +0000
HOUSTON, April 28, 2022 /3BL Media/ – PNC Bank today named Yolanda ‘Yoly’ Davila to the position of Southwest territory executive for Community Development Banking, encompassing the states of Texas…

PNC survey: Social responsibility, ESG investing is ‘essential’
Wed, 27 Apr 2022 17:44:09 +0000
Executives across a range of sectors see social responsibility policies and environmental, social and governance investing as an increasingly essential part of doing business, according to a recent survey from PNC.

PNC ‘re-recruiting our own employees’: CEO Bill Demchak gives update on Great Resignation impact at annual shareholders meeting
Wed, 27 Apr 2022 17:18:48 +0000
Pittsburgh’s biggest bank traditionally gives a recap of the past year at its annual shareholders meeting and Wednesday’s event was no exception for PNC Financial Services Group Inc. But its top executive emphasized just how crucial talent retention is in a competitive marketplace amid the challenges of the Great Resignation and emergence from the restrictions of the pandemic. “We’re focused on re-recruiting our own employees, treating them as we would a new candidate,” Bill Demchak, chairman, president and CEO, said Wednesday at PNC’s annual shareholders meeting, the third straight year the event was held remotely. Measures have included raising the minimum hourly wage from $15 to $18 with “an accordion increase through layers above it” and adjusted upward depending on the individual markets where people operate, Demchak said.

PNC Bank Celebrates 12th Annual Women in Business Week: Accelerating Women’s Financial Equality
Tue, 26 Apr 2022 21:51:07 +0000
Weeklong Lineup of Virtual Events Aims to Engage, Inform Female Financial Decision Makers

SA-based USAA Bank to phase out some banking fees by end of 2022
Mon, 25 Apr 2022 21:31:42 +0000
Active and former military members using USAA’s banking services will soon no longer have to deal with two pesky banking fees.

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