PNC Financial Services saw increased investment and beat earnings expectations, boosting its stock value to $82.5 billion.

Investment Management Corp of Ontario has increased its stake in PNC Financial Services Group, buying 4,300 more shares valued at $2.43 million. PNC beat earnings expectations with $3.49 EPS, up from estimates of $3.30. The company’s stock, valued at $82.5 billion, has seen various institutional investors buy and sell shares. Analysts have upgraded ratings, with Wells Fargo setting a target price of $235 and Bank of America giving a 'buy' rating. PNC also declared a $1.60 quarterly dividend.

3 months ago
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