| Previous close | 53.11 |
| Open | 53.11 |
| Bid | 48.60 |
| Ask | 50.00 |
| Strike | 130.00 |
| Expiry date | 2026-01-16 |
| Day's range | 53.11 - 53.11 |
| Contract range | N/A |
| Volume | |
| Open interest | 18 |
- Yahoo Finance Video
Regional bank earnings: Who will benefit from lower rates?
While Big Banks continue to report third quarter earnings — notably Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C) today — let's not forget about the regional banks. Wedbush Securities managing director of equity research David Chiaverini lists some of his top picks for the regional banking sector amid earnings season, ranging from Comerica Inc. (CMA) to Western Alliance Bancorp. (WAL) and M&T Bank (MTB). "So we're really interested in the liability-sensitive banks here. And those are banks that should benefit from a lower interest rate environment," Chiaverini explains to Seana Smith and Brad Smith. When taking interest rates into account ahead of bank earnings, Chiaverini does "expect this rerating to continue." "And while lower interest rates, when you kind of zoom out, is normally not good for financials. But given the impact on credit quality, I think that's giving investors, as well as analysts like myself, become more constructive on the banks because they've been trading at discounts to historical multiples." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Bank of America, Q3 earnings, Fedspeak: What to Watch
Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C) are among the next round of Big Banks to report corporate earnings, due out on Tuesday, October 15. Other notable companies reporting their third quarter earnings include UnitedHealth Group (UNH), Johnson & Johnson (JNJ), and Albertsons (ACI). Lastly, Federal Reserve Governor Adriana Kugler is set to release commentary tomorrow, with Wall Street listening closely for any clues to the central bank's next interest rate move in November. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
ZacksPNC Financial Q3 Earnings Beat on Higher Fee Income, Costs Rise
A rise in fee income and deposit balance support PNC's Q3 earnings, while lower NII and a rise in expenses act as headwinds
