The article compares three large banks that raised dividends in the third quarter: PNC by 18% to $2 per share (3.6% yield, 15 straight years of increases), Morgan Stanley by 15% to $1.15 (2.4% yield), and Bank of America by 14% to $0.32 (2.4% yield). It singles out PNC for its higher yield, record second-quarter revenue up 21% to $6.9 billion, and a CET1 ratio of 9.9% against a 7% minimum. Morgan Stanley's CET1 ratio is 14.8% and its payout ratio is 33%, while Bank of America's payout ratio is 25%. The article notes 72% of analysts rate PNC a buy, with a median price target of $273, and a forward P/E of just over 10.
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