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Citic Securities: Bank of America still in crisis, regional small and medium banks' turmoil resurfaces.
Under the benchmark expectations of NBER, if some small and medium-sized banks are indeed facing bankruptcy risks, it is expected that the performance of the US stock market will be similar to the bankruptcy event of Silicon Valley Bank (SVB) in 2023, and the market trend will be mainly driven by investor sentiment; in this scenario, the market performance of cyclical industries may continue to be under pressure, while the market performance of defensive industries may be relatively stable.
Recent Dividend Declarations
Company Symbol Yld Per Amount Payable Record Increased New Old Bank OZK OZK
PNC Financial Is Maintained at Hold by Jefferies
PNC Financial Is Maintained at Hold by Jefferies
Jefferies Maintains Hold on PNC Finl Servs Gr, Raises Price Target to $164
Jefferies analyst Ken Usdin maintains PNC Finl Servs Gr (NYSE:PNC) with a Hold and raises the price target from $162 to $164.
PNC Finl Servs Gr Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/03/2024 3.3% Jefferies $162 → $164 Maintains Hold 06/25/2024 15.9% Evercore ISI Group $180 → $184 Maint
PNC Financial (PNC) Announces a 3% Hike in Quarterly Dividend
The PNC Financial Services Group, Inc. has announced a hike in its quarterly common stock dividend. The company declared a quarterly cash dividend of $1.60 per share, marking an increase of 3% from the prior quarter. This dividend will be paid on Aug 5 to shareholders of record as of Jul 15, 2024.