PNC Financial: A Regional Bank Deserving Greater Investor Attention

Despite many investors still showing caution regarding the U.S. banking sector, there has been an overall recovery in the industry with the KBW Bank Index (^BKX), a capitalization index composed of 24 leading bank stocks, up by just over 21% for the year-to-date (YTD). This in conjunction with improved housing data, which shows the housing recovery is gaining momentum, makes me believe there is emerging value for investors in U.S. regional banks. I recently analyzed U.S. Bancorp (USB) and while I found that it is a solidly performing bank, I believe that it is currently fairly valued and did not present as a value investment opportunity. As a result, I have dug deeper into the ...