The PNC Financial Services Group, Inc. (PNC)
| Market Cap | 72.44B |
| Revenue (ttm) | 20.40B |
| Net Income (ttm) | 4.78B |
| Shares Out | 397.50M |
| EPS (ttm) | 11.92 |
| PE Ratio | 15.28 |
| Forward PE | 13.41 |
| Dividend | $6.40 (3.51%) |
| Ex-Dividend Date | Oct 16, 2024 |
| Volume | 712,075 |
| Open | 181.98 |
| Previous Close | 182.26 |
| Day's Range | 180.42 - 183.25 |
| 52-Week Range | 109.40 - 187.78 |
| Beta | 1.13 |
| Analysts | Buy |
| Price Target | 177.65 (-2.51%) |
| 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 $177.65, which is a decrease of -2.51% from the latest price.
News
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
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PNC Bank, N.A. Changes Prime Rate
PITTSBURGH , Sept. 18, 2024 /PRNewswire/ -- PNC Bank, N.A.
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.
My Top 10 High-Yield Dividend Stocks For September 2024
The bull run continues for SPY in August, with the ETF adding 2.34% to its year-to-date return. The watchlist posts two very strong back-to-back months of 5%+ returns. The top 10 stocks on the watchli...
PNC Bank Survey Reveals Varying Financial Wellness Needs Across America's Most Generationally Diverse Workforce
Annual Financial Wellness in the Workplace Report Highlights Workplace Stressors, Benefits Needs and Financial Goals Across Generations PITTSBURGH , Aug. 28, 2024 /PRNewswire/ -- PNC Bank today releas...
PNC Executives To Speak At Barclays Global Financial Services Conference
PITTSBURGH , Aug. 26, 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 ...
PNC Financial Upgraded: Analyst Highlights Company's Ability To Capitalize Opportunities From Market Dislocations
BofA Securities analyst Ebrahim H. Poonawala upgraded PNC Financial Services Group, Inc. PNC to Buy from Neutral, raising the price objective to $200 from $185.
16 stocks to exploit August's explosive election-year gains
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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.
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 ...
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...
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.
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 Rober...
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...
PNC Financial's second-quarter profit rises on higher fee income
PNC Financial reported an increase in second-quarter profit on Tuesday as higher fees from underwriting and advising on deals helped the bank offset a decline in interest income.
PNC Reports Second Quarter 2024 Net Income of $1.5 Billion, $3.39 Diluted EPS
Generated positive operating leverage; grew NII and NIM; maintained 2.5% SCB requirement Increased quarterly common stock dividend 5 cents to $1.60 per share on July 2, 2024 PITTSBURGH , July 16, 2024...
BAC, MS, PNC: Big Bank Earnings
With Bank of America (BAC), Morgan Stanley (MS), and PNC Financial (PNC) earnings on deck, Kenneth Leon and Stephen Biggar discuss the overall space & what these reports mean for the financials sector...
UBS upgrades PNC Financial to buy
Erika Najarian, UBS large cap bank and consumer finance analyst, joins 'Squawk on the Street' to discuss how to pick the winners among the financials, why Najarian favors PNC, and more.
The PNC Financial Services Group Provides Quarterly 2025 Earnings Release Dates
PITTSBURGH , July 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that it expects to issue 2025 quarterly earnings releases pre-market open and hold conferen...