PNC and BB&T Corp are battling it out to be the top declining major bank stock of the day. PNC Financial headquartered in Pittsburgh Pennsylvania is currently down 1.55% at midday. Edwards remarked thats banks "are being valued as if financial reform will knock out 100% of revenue." Most of the banks began the day strong, except for BB&T Corp which is headquartered in Winston-Salem, North Carolina. BB&T has shown continued weakness throughout the day. The stock is currently 2.34%.
To read Edwards full report on PNC Click Here
No comments:
Post a Comment