Equity Research on Citigroup Inc. and PNC Financial Services Group Inc. - Money Center Banks Slowly Improving
(firmenpresse) - JOHANNESBURG, SOUTH AFRICA -- (Marketwire) -- 10/26/11 -- offers investors comprehensive research on the Money Center Banks industry and has completed analytical research on (NYSE: C) and (NYSE: PNC). Register with us today at to have free access to these researches.
Recent news of progress in resolving the European debt crisis lifted financials and raised the outlook for several money center banks. Both Citigroup Inc. and PNC Financial Services Group have seen shares climb in October, perhaps partially the result of improved investor confidence in the financial sector. Investors can register for free to access the research reports on and at or .
is an online platform where investors doing their due-diligence on the Money Center Banks industry can have easy and free access to our analyst research and opinions on Citigroup Inc. and PNC Financial Services Group Inc.; investors and shareholders of these companies can simply register for a complimentary membership at .
Better-than-expected quarterly earnings reports also contributed to the gains seen by several banks in October. Despite global economic uncertainty, some money center banks have been turning in surprisingly positive numbers. PNC Financial Services saw net income rise 8% over the prior year quarter to $834 million. The better results were in part due to improved credit quality, lower non-interest expenses and a reduction in the provision for credit losses. Visit to see how companies in this industry have grown over the past years and how they are expected to perform in the future.
Moving forward, better news out of Europe certainly helped financials as a whole but much uncertainty remains. Banks that have been able to widen margins and grow revenues in the face of so many macroeconomic headwinds could be well positioned for long-term gains especially when the European debt crisis is resolved. Register now at to have free access to our reports on the Money Center Banks industry.
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Datum: 26.10.2011 - 06:00 Uhr
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