5 Best Long-term Stocks To Buy For High Returns

4. The PNC Financial Services Group, Inc. (NYSE:PNC)

Number of Hedge Fund Investors in Q2 2023: 52

The PNC Financial Services Group, Inc. (NYSE:PNC) is an American regional bank headquartered in Pittsburgh, Pennsylvania. Despite the turmoil in the regional banking industry earlier this year, the firm has beaten analyst EPS for all its quarters in 2023. However, the third quarter earnings report saw The PNC Financial Services Group, Inc. (NYSE:PNC) warn about layoffs as its profit dropped annually during the quarter.

As of June 2023, 52 among the 910 hedge funds polled by Insider Monkey had bought the bank’s shares. The PNC Financial Services Group, Inc. (NYSE:PNC)’s largest shareholder out of these is Peter Rathjens, Bruce Clarke, and John Campbell Arrowstreet Capital due to a $186 million stake.

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