PNC Launches Secondary

PNC indeed has launched a $3 billion secondary. I believe other regionals will follow. The sector has had an amazing run for the past month. I believe that run is now over.

2 comments:

CP said...

The cusp of another leg down is a great time to raise equity. Why not batten down the hatches and raise equity before the storm hits?

PJ said...

An odd bit of information:

http://market-ticker.denninger.net/archives/1927-Where-Did-They-Get-The-Money-BlackRock.html.

Seems like a puzzle to which a supply/demand analyst would like to know the answer.