27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
PNC reported 2Q16 earnings of $1.82 per share, down from $1.88 in the year-earlier quarter, but $0.07 ahead of the consensus. Net income declined 7 percent, affected by weak capital market revenues and a sharply higher loss provision.
The analysts expect the shares to trade in line with the market, taking into account the absence of stronger revenue growth.
"Revenue growth remains challenging in the lending business, as evidenced by the company's expectations of flat sequential net interest income for 3Q. At the same time, PNC is making progress on a range of strategic initiatives, including expansion in the Southeast and in the Chicago area, where increased brand awareness has led to solid growth in both retail and commercial banking," wrote Argus, adding that the company also benefits from strong capital levels, a high loan-to-deposit ratio and its investment in BlackRock, Inc. (NYSE: BLK), which provides healthy recurring dividends.
Did you like this article? Could it have been improved? Please email feedback@benzinga.com with the story link to let us know!27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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