The PNC Financial Services Group, Inc. (PNC)
| Market Cap | 63.20B |
| Revenue (ttm) | 21.03B |
| Net Income (ttm) | 4.79B |
| Shares Out | 397.91M |
| EPS (ttm) | 11.91 |
| PE Ratio | 13.34 |
| Forward PE | 12.43 |
| Dividend | $6.20 (3.90%) |
| Ex-Dividend Date | Apr 12, 2024 |
| Volume | 869,196 |
| Open | 155.52 |
| Previous Close | 156.14 |
| Day's Range | 155.45 - 158.90 |
| 52-Week Range | 109.40 - 162.24 |
| Beta | 1.15 |
| Analysts | Hold |
| Price Target | 158.43 (-0.26%) |
| Earnings Date | Jul 16, 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's revenue was $21.49 billion, an increase of 1.75% compared to the previous year's $21.12 billion. Earnings were $5.15 billion, a decrease of -10.15%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for PNC stock is "Hold." The 12-month stock price forecast is $158.43, which is a decrease of -0.26% from the latest price.
News
PNC Raises Common Stock Dividend To $1.60 Per Share
PITTSBURGH , July 2, 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, an inc...
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
PNC Releases Results of Dodd-Frank Company-Run Stress Test
PITTSBURGH , June 28, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today the results of its biennial company-run stress test conducted in accordance with regulatio...
PNC Announces Stress Capital Buffer (SCB) and Planned Capital Actions
PITTSBURGH , June 28, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) this week received the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CC...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
The bank stocks that conservative investors should consider
That's for at least two reasons. The first is higher interest rates: Many commercial mortgages are five-year balloons, which means that many loans extended at low rates in 2019 are repricing this year...
Operation HOPE Welcomes PNC to Founder's Circle Membership
ATLANTA--(BUSINESS WIRE)--Operation HOPE, a national nonprofit dedicated to helping low- and moderate-income Americans thrive in an ever-changing economy, is pleased to announce that The PNC Financial...
PNC Bank Launches $120,000 Scholarship Program to Expand Access to Higher Education
Current and future college students can apply now for one of 12 available scholarships PITTSBURGH , June 5, 2024 /PRNewswire/ -- PNC Bank today introduced an enhanced program that will award $10,000 s...
The PNC Financial Services Group Announces Second Quarter Conference Call Details
PITTSBURGH , June 4, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the second quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, Ju...
PNC Executive To Speak At Morgan Stanley Investor Conference
PITTSBURGH , June 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss bus...
PNC CEO Bill Demchak on the state of the consumer
Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy.
PNC Executives To Speak At Bernstein Conference
PITTSBURGH , May 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President a...
PNC Bank Introduces New Cash Unlimited Visa Signature® Credit Card Offering 2% Cash Back Across All Eligible Purchases
Embracing simplicity and competitive value, the new card delivers a suite of benefits that help meet today's consumer needs PITTSBURGH , May 7, 2024 /PRNewswire/ -- PNC Bank announced today the launch...
TCW-PNC Platform Sets $2.5 Billion Private-Credit Goal
PNC Financial Services Group Inc.'s partnership with TCW Group Inc. to create a private-credit platform gives the bank a way to hold onto business that it might otherwise have had to send elsewhere, B...
PNC and TCW Partner on Loans to Middle Market Companies
The PNC Financial Services Group and the TCW Group have formalized and expanded their partnership to develop a private credit platform focused on middle market lending. The companies aim to have $2.
PNC, TCW Partner on Middle-Market Private Credit Platform
TCW Group is teaming up with PNC Financial Services Group on a private credit platform aimed at middle-market companies, targeting to have $2.5 billion in its first year. Sonali Basak reports on Bloom...
PNC, TCW Partner To Expand Capabilities, Create Private Credit Platform
New Strategy Creates Opportunity for Significant Expansion in Middle Market Lending PITTSBURGH and LOS ANGELES , May 6, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. ("PNC"), one of the ...
Banks are well positioned for CRE concerns, says Baird's David George
David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy'
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%.
Big banks led by Citi continue layoffs amid pressure to cut costs
U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.
PNC CEO on Q1 earnings beat
PNC CEO Bill Demchak joins 'Money Movers' to discuss the stock reaction to PNC's quarterly earnings results, how the company is adjusting to headwinds, and the company's cost efforts.
PNC Stock Slips After Q1 Profit and Revenue Slide
PNC Financial Services Group (PNC) shares lost ground Tuesday as the bank posted a big drop in first-quarter profit and revenue, and offered soft guidance.PNC reported first-quarter net income fell 21...
PNC Stock Is Edging Lower. Earnings Beat, but Revenue Disappointed.
Regional bank PNC Financial reported first-quarter earnings and revenue both slipped from a year ago.
PNC profit falls 21% amid weaker interest income
PNC Financial Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment.
PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special Assessment
Grew liquidity and capital; reduced expenses; credit quality stable PITTSBURGH , April 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In mi...