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Jupiter Asset Management Ltd. Makes New $49.86 Million Investment in The PNC Financial Services Group, Inc $PNC
Jupiter Asset Management Ltd. has initiated a new stake in The PNC Financial Services Group, Inc. (NYSE:PNC) by acquiring 248,145 shares valued at approximately $49.86 million. This investment comes as PNC reported strong Q3 earnings, surpassing analyst expectations with an EPS of $4.88 and revenue of $6.07 billion. The company also offers an attractive dividend yield of 3.0% and has a “Moderate Buy” consensus rating from Wall Street analysts.