PNC Financial Services (PNC) Leads Regional Banks Higher

Shares of PNC Financial Services Group Inc. (NYSE: PNC) led regional bank shares higher after Bernstein upgraded its rating of the stock from Market Perform to Outperform.

Regional banks like PNC Financial Services Group and Zions Bancorporation (Nasdaq: ZION) are not seen as facing as much as much regulatory risk as banking giants like Bank of America Corp. (NYSE: BAC).