PNC Financial Services (NYSE:PNC): Why It Was My Top Bank Holding
Earlier this year, I jumped on PNC stock when sellers were as eager to dump it as buyers are eager to buy it today. Back at the end of June, in the immediate aftermath of the Brexit vote, some sellers handed me their shares for less than $79 apiece. Until June I had been happy to take shares off their hands at $84.
Here's why I saw PNC at the time as a solid investment offering a comfortable margin of safety: