PNC Financial Services (PNC): Three Reasons It’s a Better Buy After Earnings

With fewer “bad” loans heading to foreclosure, either through modification or simple repayment, the bank is able to generate income from the loans, as well as not worry about foreclosure expenses down the road. Every bank wants to have a low ratio of nonperforming assets to total assets for this very reason, and PNC Financial Services (NYSE:PNC) is doing well, checking in at 1.31%.

What it all means
PNC Financial didn’t report record incomes or revenues, but it managed to prove that it is a consistent performer as one of the largest regional banks. If its first quarter is any indication of what to expect for the remainder of 2013, it could be a strong year for a bank that doesn’t really get a lot of consideration.

The article 3 Reasons PNC Financial Is a Better Buy After Earnings originally appeared on Fool.com is written by Robert Eberhard.

Fool contributor Robert Eberhard has no position in any stocks mentioned. The Motley Fool owns shares of Bank of America and PNC Financial Services.

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