Solid Performance and a Solid Dividend Have Braced PNC for a Recession

Solid Performance and a Solid Dividend Have Braced PNC for a Recession

While I haven't written a ton about PNC Financial (NYSE: PNC) lately, the sixth-largest bank by assets in the U.S. has been a solid performer with a strong valuation and a very good dividend yield. The bank made the move at a good time when the regulatory environment for large bank mergers was a lot friendlier and when bank valuations weren't too demanding.