PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

Based in Pittsburgh, PNC provides a range of retail and commercial banking, residential mortgage lending, and asset management services. It has operations in Pennsylvania, Ohio, New Jersey, Michigan, Illinois, Maryland, Indiana, North Carolina, Florida, Kentucky, Washington, D.C., Delaware, Alabama, Virginia, Missouri, Georgia, Wisconsin and South Carolina. In May 2020, PNC disposed of its 22% stake in BlackRock Inc. (BLK) in a registered offering. Proceeds were subsequently used to acquire BBVA USA Bancshares, the Houston-based U.S. banking subsidiary of Banco Bilbao Vizcaya, in June 2021.

Stocks are in the red at midday on Tuesday, with earnings reports being the major catalyst. Technology shares, and semiconductor players in particular, are weighing on sentiment after ASML Holdings cut sales guidance in an unexpected move. Meanwhile, UnitedHealth also surprised with an uncharacteristic earnings miss, leaving Healthcare stocks under pressure. Energy stocks are also mostly in the red in sympathy with the drop in the price of oil, this after OPEC cut production guidance and a fears of an attack on Iranian energy plants diminished. Offsetting that a tad is generally good reporting news from Financial sector companies.

PINNACLE FINANCIAL PARTNERS has an Investment Rating of HOLD; a target price of $98.000000; an Industry Subrating of Low; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.