PNC Financial Services
PNC

$181.21

0.67%

Market Cap: 72B

About: PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

Employees: 56,411

Financials National Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 25 analysts

0

News positive %

of 25 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

8% more funds holding in top 10

Funds holding in top 10: 13 [Q4 2023] → 14 (+1) [Q1 2024]

7% more first-time investments, than exits

New positions opened: 137 | Existing positions closed: 128

3% more repeat investments, than reductions

Existing positions increased: 559 | Existing positions reduced: 542

1% more capital invested

Capital invested by funds: $51.5B [Q4 2023] → $52.1B (+$611M) [Q1 2024]

1% more funds holding

Funds holding: 1,460 [Q4 2023] → 1,469 (+9) [Q1 2024]

2.36% less ownership

Funds ownership: 83.55% [Q4 2023] → 81.18% (-2.36%) [Q1 2024]

26% less call options, than puts

Call options by funds: $567M | Put options by funds: $764M

See Fund Rankings

Research analyst outlook

25 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$152

16%

downside

Avg. target

$177

2%

downside

High target

$209

15%

upside

25 analyst ratings

12 positive

48%

8 neutral

32%

5 negative

20%

Citigroup Keith Horowitz	10%upside $200	Buy Maintained	17 Jul 2024
Morgan Stanley Betsy Graseck	9%downside $165	Underweight Maintained	17 Jul 2024
Goldman Sachs Richard Ramsden	0%upside $182	Neutral Maintained	17 Jul 2024
UBS Erika Najarian	9%upside $198	Buy Maintained	17 Jul 2024
Barclays Jason Goldberg	15%upside $209	Overweight Maintained	17 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 25 articles about PNC published over the past 30 days

Zacks Investment Research

The PNC Financial Services Group, Inc (PNC) Is Up 7.70% in One Week: What You Should Know

Does The PNC Financial Services Group, Inc (PNC) have what it takes to be a top stock pick for momentum investors? Let's find out.

The PNC Financial Services Group, Inc (PNC) Is Up 7.70% in One Week: What You Should Know

PNC Financial Services Beats Q2 Expectations, Analysts Raises Earnings Estimates For 2024 And 2025

Shares of PNC Financial Services Group Inc PNC were climbing in early trading on Wednesday, after the company reported strong second-quarter results.

PNC Financial Services Beats Q2 Expectations, Analysts Raises Earnings Estimates For 2024 And 2025

What Big Bank earnings, election mean for regional banks

PNC Financial (PNC) and Charles Schwab (SCHW) are out with their second quarter earnings results. PNC beat its top and bottom line estimates but reported deposits to be declining, while Schwab shares are falling in response to pullbacks in new brokerage accounts.

What Big Bank earnings, election mean for regional banks

PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs

PNC Financial Services Group saw expected increases in total nonperforming loans and net loan charge-offs in the second quarter. The increases were primarily due to high commercial nonperforming loans and higher commercial real estate (CRE) net loan charge-offs, the bank said in a Tuesday (July 16) earnings release.

PNC: Commercial Real Estate Drives 8% Rise in Net Loan Charge-Offs

Zacks Investment Research

Here's What Key Metrics Tell Us About The PNC Financial Services Group (PNC) Q2 Earnings

While the top- and bottom-line numbers for The PNC Financial Services Group (PNC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About The PNC Financial Services Group (PNC) Q2 Earnings

Goldman Sachs Maintains Neutral on PNC Despite Strong Results, Cites Modest FY24 Outlook

Goldman Sachs analyst Richard Ramsden anticipates a neutral investor response to PNC Financial Services Group, Inc.‘s PNC stronger results and updated FY24 guidance.

Goldman Sachs Maintains Neutral on PNC Despite Strong Results, Cites Modest FY24 Outlook

The PNC Financial Services Group, Inc. (PNC) Q2 2024 Earnings Call Transcript

The PNC Financial Services Group, Inc. (NYSE:PNC ) Earnings Conference Call July 16, 2024 10:00 AM ET Company Participants Bryan Gill - Director of IR William Demchak - Chairman, President & CEO Robert Reilly - EVP & CFO Conference Call Participants Betsy Graseck - Morgan Stanley John Pancari - Evercore Erika Najarian - UBS Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Bill Carcache - Wolfe Research Ken Usdin - Jefferies Mike Mayo - Wells Fargo Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Operator Greetings, and welcome to The PNC Financial Services Group Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

The PNC Financial Services Group, Inc. (PNC) Q2 2024 Earnings Call Transcript

PNC Stock Surges on Q2 Revenue, Earnings Beat

PNC Financial (PNC) shares surged over 4% Tuesday after the bank reported second-quarter profit and revenue that beat analysts' estimates. The bank also gave a stronger outlook for net interest income (NII).

PNC Stock Surges on Q2 Revenue, Earnings Beat

Zacks Investment Research

PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income

The rise in non-interest income and higher loan balance support PNC Financial's (PNC) Q2 earnings, while lower net interest income and a rise in provisions act as headwinds.

PNC Financial (PNC) Q2 Earnings Beat on Higher Fee Income

Zacks Investment Research

The PNC Financial Services Group, Inc (PNC) Tops Q2 Earnings and Revenue Estimates

The PNC Financial Services Group, Inc (PNC) came out with quarterly earnings of $3.30 per share, beating the Zacks Consensus Estimate of $3 per share. This compares to earnings of $3.36 per share a year ago.

The PNC Financial Services Group, Inc (PNC) Tops Q2 Earnings and Revenue Estimates

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