SOURCE: World Street Fundamentals

June 27, 2011 09:14 ET

Equity Research on The PNC Financial Services Group, Inc. and BB&T Corporation -- Financials in the Recovery Phase

HONG KONG--(Marketwire - Jun 27, 2011) - Today, released its industry report highlighting The PNC Financial Services Group, Inc. (NYSE: PNC) and BB&T Corporation (NYSE: BBT). Full fundamental and technical analysis is available at

The United States banking industry is still questionable even though we have seen a sizeable recovery in recent quarters and several catalysts are to blame: asset quality is in check, tight regulations and banks tightening their belts, and worst of all the continued rise of residential and commercial foreclosures and loan defaults. Better news is that while low liquidity, loan demand and revenues continue to plague the financial system, help from the government has kept the industry relatively stable. Banks are aggressively playing "catch-up" concentrating on problem credits in residential and commercial real estate and the government has raised the bar providing substantial capital and debt guarantees.

World Street Fundamentals has highlighted The PNC Financial Services Group, Inc. as a diversified financial services company in the United States. PNC is engaged in retail banking, corporate and institutional banking, asset management, and residential mortgage banking, providing many of its products and services nationally and others in its geographic markets. Asset Management Group includes personal wealth management for high net worth and ultra-high net worth clients and institutional asset management. The entire report on The PNC Financial Services Group, Inc. (NYSE: PNC) is available here:

World Street has highlighted BB&T Corporation as a financial holding company. BB&T conducts its business operations primarily through its commercial banking subsidiary, Branch Banking and Trust Company (Branch Bank). In addition, its operations consist of a federally chartered thrift institution, BB&T Financial, FSB (BB&T FSB), and several non-bank subsidiaries, which offer financial services products. During the year ended December 31, 2010, it acquired the remaining 30% ownership interest in Sterling Capital Management, LLC and merged it with its existing investment advisor BB&T Asset Management, Inc. The entire report on BB&T Corporation (NYSE: BBT) is available here:

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