The PNC Financial Services Group, Inc. (PNC)
| Market Cap | 80.92B |
| Revenue (ttm) | 20.48B |
| Net Income (ttm) | 4.73B |
| Shares Out | 396.78M |
| EPS (ttm) | 11.82 |
| PE Ratio | 17.25 |
| Forward PE | 14.18 |
| Dividend | $6.40 (3.14%) |
| Ex-Dividend Date | Oct 16, 2024 |
| Volume | 1,135,778 |
| Open | 205.21 |
| Previous Close | 204.86 |
| Day's Range | 203.47 - 205.62 |
| 52-Week Range | 127.08 - 214.19 |
| Beta | 1.12 |
| Analysts | Buy |
| Price Target | 186.96 (-8.33%) |
| Earnings Date | Oct 15, 2024 |
About PNC
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company’s Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and inv... [Read more]
Financial Performance
In 2023, PNC Financial's revenue was $20.75 billion, an increase of 0.51% compared to the previous year's $20.64 billion. Earnings were $5.13 billion, a decrease of -10.20%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for PNC stock is "Buy." The 12-month stock price forecast is $186.96, which is a decrease of -8.33% from the latest price.
News
PNC Bank Increases Investment in New Branch Locations and Renovations
PNC Bank increased the number of new branch locations and renovations it plans to complete over the next five years. The bank plans to open 200 new branch locations in 12 cities and renovate 1,400 exi...
The PNC Financial Services Group, Inc. (PNC) BancAnalysts Association of Boston Conference Transcript
The PNC Financial Services Group, Inc. (NYSE:PNC) BancAnalysts Association of Boston Conference November 8, 2024 8:15 AM ET Company Participants Dick Manuel - Columbia Threadneedle Investments, Equit...
PNC doubles down on branch expansion plan with additional $500 mln investment
PNC Bank said on Friday it will increase its investment in branch expansion by an additional $500 million to open over 100 new locations and renovate 200 existing ones, doubling down on efforts to rea...
PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States
Company increases branch investment by $500 million with plans to build new locations in 12 cities PITTSBURGH , Nov. 8, 2024 /PRNewswire/ -- PNC Bank announced today it is increasing its branch invest...
PNC Bank, N.A. Changes Prime Rate
PITTSBURGH , Nov. 7, 2024 /PRNewswire/ -- PNC Bank, N.A. announced a decrease in its prime lending rate.
My Top 10 High-Yield Dividend Stocks For November 2024
SPY's 5 month positive streak comes to an end in October as it posts a loss of 0.89%. The top 10 stocks on the watchlist for November 2024 offer a 3.61% dividend yield, more than double the S&P 500. M...
PNC Announces Redemption Of All Depositary Shares Representing Interests In Series R Preferred Stock
PITTSBURGH , Oct. 30, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption on Dec. 2, 2024, of $500,000,000 of Depositary Shares (CUSIP: 693475AM7) (t...
Economic experts share 2025 outlook at 61st Annual ASU/PNC Bank Luncheon
Top economists provide insights on U.S. recession risks, Arizona growth, and global uncertainties. TEMPE, Ariz.
PNC Executives to Speak at BancAnalysts Association of Boston Conference
PITTSBURGH , Oct. 25, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that President Michael P. Lyons and Executive Vice President and Chief Financial Officer R...
PNC Announces Redemption of Senior Floating Rate Bank Notes Due Dec. 2, 2024 and 5.671% Fixed Rate/Floating Rate Senior Notes Due Oct. 28, 2025
PITTSBURGH , Oct. 22, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today announced the redemption of, on Nov. 4, 2024, all outstanding Senior Floating Rate Bank Notes due De...
Market Navigator: Opportunities in regional banks
Jay Woods, Freedom Capital Markets chief global strategist, joins 'Power Lunch' to discuss opportunities in regional banks.
PNC Expects Loan Growth After Fed's Rate Cut
PNC Financial Services Group said Tuesday (Oct. 15) that it is prepared for lending to pick up after the Federal Reserve cut interest rates in September. During the third quarter, which ended Sept.
The PNC Financial Services Group, Inc. (PNC) Q3 2024 Earnings Call Transcript
The PNC Financial Services Group, Inc. (NYSE:PNC) Q3 2024 Earnings Conference Call October 15, 2024 10:00 AM ET Company Participants Bryan Gill - Executive Vice President and Director of Investor Rel...
PNC Financial quarterly profit drops on lower interest income, higher provisions
PNC Financial reported a 4% drop in third-quarter net profit on Tuesday, as it earned less from customer interest payment and set aside a bigger buffer of capital to cover loans that may not be repaid...
PNC Reports Third Quarter 2024 Net Income of $1.5 Billion, $3.49 Diluted EPS
Generated positive operating leverage; grew NII; substantially increased fee income and TBV PITTSBURGH , Oct. 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reporte...
3-Stock Lunch: Delta Air Lines, Advanced Micro & PNC Bank
Will McGough, Prime Capital Financial director of investments, joins 'Power Lunch' to discuss stock plays for three stocks.
The PNC Power Play: Strong Dividends, Smart Moves, And Room To Run
PNC Financial excels in non-interest income and strategic diversification, with 40% of revenue from corporate and institutional banking, and disciplined expense management. Despite potential net inter...
PNC Declares Dividend of $1.60 on Common Stock
PITTSBURGH , Oct. 3, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.60 per share. The di...
PNC Bank Launches Akoya Integration for PINACLE Connect® to Provide More Secure, Transparent Data Access for Corporate Clients
PITTSBURGH , Oct. 3, 2024 /PRNewswire/ -- PNC Bank and Akoya today announced the expansion of their existing integration to support corporate data sharing through the Akoya data access network. This f...
My Top 10 High-Yield Dividend Stocks For October 2024
SPY locks in another positive month this year after gaining 2.10% in September. The top 10 stocks on the watchlist for October 2024 offer a 3.89% dividend yield, more than double the S&P 500. My top 1...
Dividend Stocks With Strong Q4 Seasonality
Entering October is the strongest period of the year for three-month returns, and shorter-term returns are also some of the best. Here we take a look at 30 dividend stocks in the S&P 500 that have bee...
PNC Financial: Looking Ahead To A Better 2025
Regional bank stocks, particularly PNC, have surged due to more favorable interest rates and a steepening yield curve, enhancing profitability despite economic concerns. PNC's recent earnings beat nor...
PNC Financial: Interest Rate Cuts Could Increase Lending
PNC Financial is well-positioned to benefit from the anticipated interest rate cuts, potentially boosting lending and refinancing demand in 2025. PNC's new rewards credit card and planned future card ...
Business Owners Remain Optimistic About Economy, According to PNC Survey
56% of small and mid-sized business owners surveyed are optimistic about the national economy – up significantly from 34% a year ago. 76% are highly optimistic about the prospects of their own busines...
The PNC Financial Services Group Announces Third Quarter Conference Call Details
PITTSBURGH , Sept. 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter 2024 at approximately 6:30 a.m.