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Post by johntaylor on May 5, 2023 18:45:27 GMT
Watching:
"In March, PNC Financial outperformed its peers in the iShares Regional Banks ETF, demonstrating the market's confidence in its leadership prowess. Even though the bank remains resilient, a potentially worse economic downturn or a further spread of the banking crisis could still affect its stability. Its AFS and HTM securities incurred unrealized losses exceeding $9B. Moreover, it held uninsured deposits representing a sizeable 46% of its total deposits, raising concerns about its recent deposits outflow..."
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