PNC Financial Services Group Inc. Stock Falls Friday, Still Outperforms Market

Cornerstone Strategic Value Fund

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Cornerstone Strategic Value Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of United States and non-United States companies. The Fund invests in various sectors, such as information technology, health care, consumer discretionary, financials, communication services, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and others. The Fund invests in companies of all capitalization ranges. The Fund invests in common stocks and also invests in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. The Fund also invests without limitation in other closed-end investment companies and ETFs. The Fund's investment manager is Cornerstone Advisors, LLC.

PNC Financial Services Group Inc. Stock Falls Friday, Still Outperforms Market

5:15 pm ET June 10, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of PNC Financial Services Group Inc. (PNC) shed 2.87% to $158.33 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 2.91% to 3,900.86 and Dow Jones Industrial Average falling 2.73% to 31,392.79. This was the stock's third consecutive day of losses. PNC Financial Services Group Inc. closed $69.81 below its 52-week high ($228.14), which the company reached on January 13th.

Despite its losses, the stock outperformed some of its competitors Friday, as JPMorgan Chase & Co. (JPM) fell 4.60% to $119.55, Wells Fargo & Co. (WFC) fell 6.07% to $40.08, and Fifth Third Bancorp (FITB) fell 5.01% to $35.68.true Trading volume (2.2 M) remained 57,348 below its 50-day average volume of 2.3 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 10, 2022.

(END) Dow Jones Newswires

June 10, 2022 17:15 ET (21:15 GMT)