New York- The shining light on top of the hill was PNC Financial today. The stock finished even on the day despite most of the financial sector falling. The banks began the day with rosy numbers from J.P. Morgan which investors decided to sell. Investors decided to use J.P. Morgan's strong results as a springboard to sell all the major U.S. financial institutions. Bank of America was also down significantly on the day. However, PNC Financial stayed higher as investors view the bank as the "Shining City on The Hill."PNC Financial is both a super community bank as well as a National Bank. Currently PNC is the 6th largest bank in the United States according to deposits. PNC is scheduled to report earnings on October 21.
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