(Bloomberg) -- PNC Financial Services Group Inc., the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock Inc. that confronts many individual investors: sell or hold?
BlackRock shares have gained 30 percent this year and are trading near an all-time high. The market value of PNCs stake in the worlds largest asset manager is $9.46 billion, according to data compiled by Bloomberg, while the Pittsburgh-based lender carries the 18-year-old investment on its balance sheet at $5.6 billion.
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