How PNC Financial Services (PNC) Is Dividing and Conquering Banking

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With Tier 1 common capital at 9.8% for Q1, an increase from the 9.3% posted for Q1 2012, the bank has options. On recent conference calls, management stated that valuations today do not look attractive to continue acquisitions. However, given PNC’s acquisition history, don’t be surprised to see management move quickly if an opportunity (or two) presents itself.

The article How PNC Is Dividing and Conquering Banking originally appeared on Fool.com.

Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool owns shares of PNC Financial Services.

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