PNC Financial Services Group (PNC) Stock May Be 40% Undervalued As Excess Returns Stay Strong

PNC Financial Services Group has delivered a powerful share price run over recent years, which now raises a sharper question for investors about whether the current valuation is supported by the returns it earns on its capital. With the stock near US$242.72 at the last close, the issue is how much of those past gains are backed by the bank's underlying economics rather than sentiment alone. Over the past 3 years, PNC Financial Services Group has returned about 117.5%, which puts real...