12 Best Local Bank Stocks to Invest in Now

2. The PNC Financial Services Group, Inc. (NYSE:PNC)

Number of Hedge Fund Investors In Q4 2023: 52

The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the biggest local banks in the US due to its more than fifty thousand employees. The bank expanded its credit card portfolio in May 2024 when it introduced a new credit card that offers cashback.

During last year’s December quarter, 52 hedge funds part of Insider Monkey’s database had piled into The PNC Financial Services Group, Inc. (NYSE:PNC). Amongst these, Ken Griffin’s Citadel Investment Group held the largest stake that was worth $310 million.

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