Chart of the Day - PNC Financial (PNC)

The "Chart of the Day" is PNC Financial (PNC), which showed up on Wednesday's Barchart "52-Week High" list. PNC Financial on Wednesday posted a new 13-month high of $64.79 and closed up 2.52%. TrendSpotter has been Long since March 15 at $63.00. In recent news on the stock, the Federal Reserve on March 13 accepted PNC's capital plan and did not object to PNC's plan to increase its dividend and adopt a modest share repurchase program. Raymond James on March 26 downgraded PNC Financial to Outperform from Strong Buy, but left intact the price target of $70, due to valuation and a lack of near-term catalysts. PNC Bank, with a market cap of $34 billion, is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services.