Among America's bigger regional bankers, PNC (NYSE: PNC ) stock can probably claim claim its priciness as its biggest distinguishing factor. Valued at 12.7 times trailing earnings, shares of PNC Financial Services cost 18% more than rival Regions Financial (NYSE: RF ) , and a whopping 53% more than SunTrust Banks (NYSE: STI ) . But is there a good reason for investors to pay up for PNC stock?
That's what we're going to try to find out today, as we examine a couple of predictions Wall Street analysts are making about the stock ... and then turn to a prediction of my own.
Prediction No. 1: Superior sales
Wall Street analysts see PNC's revenues growing to about $16.5 billion by 2015. That's about 6.3% revenue growth -- total -- across three years' time.
While that may not sound like much, it's significantly sprightlier than the expectations for either SunTrust (1.4%) or Regions (3.5%). That's particularly significant, given that PNC is already so much larger than its rivals, and might ordinarily be expected to have trouble making its already big revenue stream ... even bigger.
Best Wireless Telecom Stocks To Invest In Right Now: UPM-Kymmene Corporation (UPM1V)
UPM-Kymmene Corporation is a Finland-based paper and forest products company. The Company operates, along with its subsidiaries, in three segments: the Energy and Pulp segment is divided into three units: Energy, which includes the Company�� hydropower plant and shares in energy companies; Pulp, which includes the Company�� pulp mills, and Foster and Timber, which includes forests, wood procurement, sawmills and further processing; the Paper segment includes the Company�� paper mills, producing magazine paper, newsprint, fine papers, and specialty papers, and the Engineered materials segment is structured into two units: Label, which includes label-stock factories and slitting, and distribution terminals, and Plywood, which includes plywood mills. The Company�� other operations include the wood plastic composite unit, development units and logistic services. On October 2, 2013, it completed the sale of the wood processing mill in Aigrefeuille d'Aunis, to Groupe FP Bois. Advisors' Opinion:- [By Tom Stoukas]
UPM-Kymmene (UPM1V), a rival maker of paper, dropped 1.9 percent to 10.23 euros.
Aryzta surged 4 percent to 60.45 Swiss francs, the biggest gain since March 28. The owner of bakery brands including Delice de France and Otis Spunkmeyer posted full-year revenue of 4.5 billion euros ($6.1 billion), beating analysts��estimates of 4.43 billion euros. The company also forecast a double-digit percentage gain in 2014 earnings.
- [By Corinne Gretler]
UPM-Kymmene Oyj (UPM1V) fell 3.9 percent to 12.18 euros. UBS AG lowered Europe�� second-largest papermaker to sell from neutral. The brokerage said that demand for the company�� product will not recover in Europe and that the industry will probably reduce its capacity next year.
Best Regional Bank Companies To Watch In Right Now: Corelogic Inc (CLGX)
CoreLogic, Inc. (CoreLogic),incorporated on October 13, 2009, is a provider of property information, analytics and services provider in the United States of America and Australia. The Company provides detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets the Company serves include real estate and mortgage finances, insurance, capital markets and government. The Company offers its customers databases of public, contributory data covering real property and mortgages information, judgments and liens, parcel and geospatial data, criminal background records, national coverage eviction information, non-prime lending records, credit information, and tax information, among other data types. It serves its customers' needs for mortgage and automotive credit reporting, property tax, property valuation, flood plain location determination and other geospatial data, data, analytics and related services. The Company operates in three segments: data and analytics, mortgage origination services and asset management and processing solutions.
Data and Analytics
The Company's data and analytics segment offers access to data assets including real estate information, such as property characteristic information, mortgage information, collateral information, and images of publicly recorded documents relating to real property, mortgage-backed securities information, criminal and eviction records, employment verification, flood and hazard information and under-banked credit information. The Company licenses its data directly to its customers and provide its customers with analytical products and services for risk management, collateral assessment and fraud prediction. The Company also provides consumer screening and risks management for the multi-family housing and under-banked credit services industries. The Company's primary customers are commercial banks, mortgage lenders and brokers, inves! tment banks, fixed-income investors, real estate agents, property and casualty insurance companies, title insurance companies, property management companies and government-sponsored enterprises.
The Company is a provider of fraud detection, collateral and mortgages performance analytics and real estate and mortgage-backed securities information. The Company uses its data to link property location and characteristics , real estate transactions and consumer and loans information to provide useful insights and analysis for its customers. The Company's customers span many industries, including mortgage lending, government, capital markets, consumer-direct, property and casualty insurance, direct marketing, utilities and retail. The Company obtains, normalizes and aggregates real estate property and loans data and make such data available to its customers with a standard format over the Web or in bulk data form. In addition, the Company offers a number of other services that help its customers make risk assessments, determine property values and track market performance. The Company offers its customers a host of property valuation services in an effort to assist them in assessing their risk of loss with alternative forms of property valuations, depending upon their needs and regulatory requirements. These include, among others, automated valuation models collateral risk scores, appraisal review services and valuation reconciliation services.
The Company provides solutions designed to assist its customers in detecting and preventing mortgage fraud and managing risk. The Company also provides advisory services that allow holders of mortgage-backed securities, loan and real property portfolios to gain insight on the value, quality and attributes of those assets. The Company provides document retrieval, custom fulfillment, advisory and other services that allows its customers to benefit from its specialists and their knowledge of its data to provide project-based or client-customized r! eports. T! he Company is a provider of screening and risks management services for the multi-family housing industry. The Company conducts applicant screening and generate consumer reports containing information that may includes landlord-tenant court records, lease and payment performance history, credit history and criminal records history primarily for residential property managers and owners throughout the United States.
The Company is a provider of natural hazard risk management and information solutions with premium locational accuracy and spatial datasets. The Company also offers specialized data and analytical models including Wildfire Risk Score, Coastal Risk Score, Flood Risk Score, Earthquake and Fire Protection Class. The Company's analytics and hazard data are delivered to customers through multiple methods including the RiskMeter Online platform, a software as a service platform targeted to insurance industry participants. The Company is a provider of credit reports for under-banked consumer and specialty borrowers. The Company's customers range in size from single proprietorships to major credit card issuers. The Company is a provider of real estate listing software systems.
Mortgage Origination Services
The Company provides loan origination and closing-related services and solutions to mortgages originators, including tax services and flood and data services. The segment's primary customers are national mortgage lenders and servicers, but the Company also serves regional mortgage lenders and brokers, credit unions, commercial banks, government agencies and property and casualty insurance companies.
The Company provides property tax services in the United States. The Company procures and aggregates property taxes information from over 20,000 taxing authorities. The Company uses this information to advise mortgage originators and servicers of the property taxes payment status on their loans and to monitor that status for the life of the loans. Th! e Company! also may indemnify mortgage lenders against losses for any failure to make transfers to taxing authorities.
The Company provides flood zone determinations in the United States. The Company typically furnishes a mortgage originator or servicer with a report as to whether a property lies within a governmentally delineated flood hazard area and then monitor the property for flood hazard status changes for as long as the loan is active.
The Company provides credit services in the United States mortgage and transportation markets, with solutions that helps its customers meet their lending, leasing and other consumer credit automation needs. The Company provides cloud computing-based lending solutions to the financial services market through a comprehensive suite of enterprise lending automation solutions.
Asset Management and Processing Solutions
The Company provides analytical and outsourcing services primarily relating to defaulting and foreclosed mortgages loans to mortgage servicers, financial institutions, government and governmental-sponsored enterprises and other companies. The Company inspects , preserves, maintain and , where required, registers vacant properties with local authorities on behalf of its mortgage servicer customers.
The Company through its business processing outsourcing (BPO) offers mortgage servicers and investors a alternative to traditional appraisals. The Company provides outsourcing services to residential mortgage servicers. The Company's processing competencies provide the servicers operational, audit and quality control services throughout the default cycle, from collections to foreclosure. The Company provides property recovery services, including eviction logistics. The Company values the asset using one or more of its full range of valuation products. The Company also offers marketing and closing services. The Company provides mortgage servicers with a suite of hosted default management servicing applicatio! ns. The C! ompany's component-based solution provides modules for loss mitigation, foreclosure, bankruptcy, collateral valuations, property preservation, REO asset management and claims processing.
The Company competes with Equifax Inc., Lexis-Nexis, Lender Processing Services, Inc, TransUnion Corp., Verisk Analytics, Safeguard Properties, Clear-Capital.com, Inc, and Experian plc.
Advisors' Opinion:- [By WWW.DAILYFINANCE.COM]
Jae C. Hong/AP WASHINGTON -- Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan fell to 4.12 percent from 4.19 percent last week. The average for a 15-year mortgage, a popular choice for people who are refinancing, also declined to 3.3 percent from 3.36 percent. The 30-year rate is down from 4.53 percent at the start of the year. Rates have fallen even though the Federal Reserve appears set at the end of this month to end its monthly bond purchases, which are intended to keep long-term borrowing rates low. Yet Fed officials have indicated that they will continue to hold shorter-term rates at near-zero levels until there are signs of rising inflation. Fed actions often influence the yield on the 10-year Treasury note, which affects mortgage rates. The 10-year note was trading at 2.32 percent at midday Thursday, down sharply from 2.41 percent a week earlier. Mortgage rates are falling as the housing market has cooled off. Average price growth has slowed, rising just 6.4 percent in August compared with a year ago, according to real estate data provider CoreLogic (CLGX). That's down from annual average gains of as much as 12 percent toward the end of last year. Similarly, sales of existing homes also declined in August. Fewer investors bought properties, and first-time buyers have yet to return to the market, according to the National Association of Realtors. Sales of new homes shot up in August, yet it remains below historic averages, according to Commerce Department data.
- [By Amanda Alix]
Others, like Paul Willen, a senior economist�at the Federal Reserve Bank of Boston, concur. Just last month, Willen stated that, as home prices rise, banks will see their way clear to writing more loans, rather than take in less revenue. Similarly, real estate website Zillow (NASDAQ: Z ) has seen an increase in lending to consumers making smaller down payments, while the chief economist at CoreLogic (NYSE: CLGX ) has observed a movement back toward the loan parameters lenders used during the 1990s.
Best Regional Bank Companies To Watch In Right Now: Westlake Chemical Corporation(WLK)
Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and fabricated building products. It operates in two segments, Olefins and Vinyls. The Olefins segment provides ethylene, polyethylene, styrene monomer, and various ethylene co-products, such as chemical grade propylene, crude butadiene, pyrolysis gasoline, and hydrogen. The Vinyls segment offers polyvinyl chloride (PVC), vinyl chloride monomer, ethylene dichloride, chlorine, caustic soda, and ethylene. This segment also manufactures and sells products fabricated from PVC, including water, sewer, irrigation, and conduit pipes; window and door profiles; and fences. The company?s products are used in various applications, such as consumer and industrial markets comprising flexible and rigid packaging, automotive products, coatings, and residential and commercial construction, as well as in other durable and non-durable goods. Westlake Chemical Corporation provides its products for chem ical processors, plastics fabricators, construction contractors, municipalities, and supply warehouses in the United States, Canada, Singapore, and internationally. The company was founded in 1985 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Lisa Levin]
Westlake Chemical (NYSE: WLK) shares fell 0.25% to touch a new 52-week low of $67.41. Westlake Chemical's PEG ratio is 4.40.
HSBC Holdings plc (NYSE: HSBC) shares declined 0.59% to reach a new 52-week low of $49.54. Analysts at Credit Suisse downgraded the stock from Outperform to Underperform.
- [By Johanna Bennett]
Dow isn�� the only chemical play gaining on the news. �Axiall (AXLL) rose 9.3% to $49.58 in Monday market action. Olin (OLN) rose 6.1% to $26.36. And Westlake Chemical (WLK) rose 2.2% to $115.10.
- [By Robert Rapier]
Westlake Chemical Partners�(expected ticker WLKP) was recently formed by�Westlake Chemical�(NYSE: WLK) to operate, acquire and develop ethylene production facilities and related assets. WLK is a manufacturer and supplier of petrochemicals, vinyls, polymers and building products produced at 16 plants across North America and one in China.
Best Regional Bank Companies To Watch In Right Now: Blue Water Global Group Inc (BLUU)
Blue Water Global Group, Inc. (Blue Water), incorporated on March 3, 2011, is a development-stage company. The Company focuses on developing a chain of casual dining restaurants in tourist destinations throughout the Caribbean region. The Company's initial restaurant is going to be called Blue Water Bar & Grill and will be located in St. Maarten, Dutch West Indies.
As of February 7, 2013, the Company did not operate any restaurant properties, and did not have any ownership or leaseholds in any restaurant properties. As of February 7, 2013, the Company did not have any ownership or leaseholds in any restaurant properties.
Advisors' Opinion:- [By Peter Graham]
Small cap stocks Caribbean International Holdings (OTCMKTS: CIHN), Blue Water Global Group Inc (OTCBB: BLUU) and Metrospaces Inc (OTCMKTS: MSPC) have been getting some attention lately in various investment newsletters and all three have focused their activities in the Caribbean or South America. However, all three have been the subject of paid promotions which have helped to get them mentions in various investment newsletters. With that in mind, will bets on the Caribbean or South America pay off big for these three small cap stocks and their investors? Here is a quick reality check:
Best Regional Bank Companies To Watch In Right Now: Delek US Holdings Inc. (DK)
Delek US Holdings, Inc. operates as an integrated downstream energy company that operates in petroleum refining, logistics, and convenience store retailing businesses. The company operates in three segments: Refining, Logistics, and Retail. The Refining segment owns and operates two refineries in Tyler, Texas, and El Dorado, Arkansas; and produces various petroleum-based products used in transportation and industrial markets. The Logistics segment gathers, transports, and stores crude oil, as well as markets, distributes, transports, and stores refined products. It also offers crude oil transportation services for terminalling and marketing services; and markets light products using third-party terminals. This segment owns approximately 400 miles of crude oil transportation pipelines, 123 miles of refined product pipelines, 600-mile crude oil gathering system, and associated crude oil storage tanks with an aggregate of approximately 2.6 million barrels of active shell capa city. The Logistics segment serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, and independent retail fuel operators. The Retail segment markets gasoline, diesel, and other refined petroleum products, as well as convenience merchandise. As of May 8, 2013, this segment operated 373 retail fuel and convenience stores under the MAPCO Express, MAPCO Mart, Discount Food Mart, Fast Food and Fuel, East Coast, Delta Express, and Favorite Markets brands. The company was founded in 2001 and is headquartered in Brentwood, Tennessee. Delek US Holdings, Inc. is a subsidiary of Delek Petroleum Ltd.
Advisors' Opinion:- [By Ben Levisohn]
After bouncing back yesterday from their oil-export related losses, refiners like Marathon Petroleum (MPC), HollyFrontier (HFC), Tesoro (TSO) and Delek US (DK) are falling once again.
- [By Ben Levisohn]
As a result, Garcia and Molchanov changed their rating on a number of refining stocks. Valero Energy gets cut to Outperfrom from Strong Buy, while Holly Frontier, Delek US (DK) and PBF Energy (PBF) get downgraded to Market Perform from Outperform. Only “defensive, insulated” Phillips 66 gets an upgraded, to Outperform from Market Perform.
Best Regional Bank Companies To Watch In Right Now: Avis Budget Group Inc.(CAR)
Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, and ancillary services to businesses and consumers worldwide. It supplies rental cars to the premium commercial and leisure segments of the travel industry under the Avis brand; and to the value-conscious segments of the industry under the Budget brand. The company operates or licenses the Avis car rental system that includes approximately 5,200 locations; and operates approximately 2,100 Avis car rental locations in on-airport and local rental markets; and operates or licenses the Budget vehicle rental system comprising approximately 3,050 car rental locations, and operates approximately 1,100 Budget car rental locations. It also operates local and one-way truck rental businesses, and operates a combined fleet of approximately 26,000 trucks, which are rented through a network of approximately 1,850 dealers and 300 company-operated locations in the continental United States serving the consumer and light commercial sectors. In addition, the company engages in the sale and rental of optional products and services, including loss damage waivers; insurance products, such as additional/supplemental liability insurance or personal accident/effects insurance; automobile towing equipment and other moving accessories consisting of hand trucks, furniture pads, and moving supplies; and products for driving convenience, such as where2 GPS navigation units, optional roadside assistance, fuel service options, and electronic toll collection, as well as other ancillary products and services comprising rental of satellite radio units and child safety seats. Its rental fleet comprises approximately 393,000 vehicles. The company was formerly known as Cendant Corporation. Avis Budget Group, Inc. was founded in 1946 and is headquartered in Parsippany, New Jersey.
Advisors' Opinion:- [By Steven Russolillo]
WATCH FOR: First-Quarter Productivity (8:30 a.m. Eastern Time): seen -1.1%; previously +1.8%. First-Quarter Unit Labor Costs (8:30): seen +2.8%; previously -0.1%. March Consumer Credit (3:00): seen +$16.1 B; previously $16.5B. Allergan(AGN), AOL(AOL), Avis Budget(CAR), CenturyLink, Chesapeake Energy(CHK), CF Industries(CF), Devon Energy(DVN), Duke Energy(DUK), Dynergy, Hertz, Humana, Keurig Green Mountain(GMCR), Lamar Advertising(LAMR), Molson Coors/Miller, Mondelez, Prudential, SolarCity(SCTY), Sotheby's(BID), Tesla Motors(TSLA), Transocean and 21st Century Fox are among companies scheduled to report quarterly results.
- [By Rich Duprey]
Building on its acquisition of Zipcar earlier this year,�Avis Budget Group (NASDAQ: CAR ) just announced it is buying deep-value rival�Payless Car Rental, the sixth-largest�car rental company�in North America, in a $50 million deal. The deal marks the continued consolidation of the car rental industry, one that is already heavily rolled up into just a few hands.
- [By Lisa Levin]
Avis Budget Group (NASDAQ: CAR) shares touched a new 52-week high of $41.03. Avis Budget shares have jumped 94.61% over the past 52 weeks, while the S&P 500 index has gained 24.92% in the same period.
- [By Rich Duprey]
Seeking to expand its car rental business into the deep-value market, Avis Budget Group (NASDAQ: CAR ) announced this morning that it's acquiring the sixth largest car rental agency, Payless Car Rental, for $50 million cash.
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