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Why PNC Financial Stock Dropped 10.9% This Week

Dave Kovaleski, The Motley Fool
·2-min read
Why PNC Financial Stock Dropped 10.9% This Week

PNC Financial Services Group (NYSE: PNC) saw its stock price fall 10.9% this week as of Friday at 10:35 a.m. ET, according to S&P Global Market Intelligence. The markets were all down this week, as the S&P 500 was off 1.2%, the Dow Jones Industrial Average fell 1.5%, and the Nasdaq Composite dropped 0.6% this week, as of Friday at 10:35 a.m. ET. PNC Financial is the holding company for PNC Bank, the sixth-largest bank in the country, with about $562 billion in assets.

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