Shares of PNC Bank Corp. should hit $59 within 12 months as the company culls earnings from faster-growing, high-return businesses, an analyst at Merrill Lynch & Co. says.

Asset management and mutual fund processing may expand annually by at least 20% in 1999 and 2000, compared with 18% in 1998, Sandra Flannigan said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.