The PNC Financial Services Group, Inc. (PNC)
| Market Cap | 62.88B |
| Revenue (ttm) | 21.49B |
| Net Income (ttm) | 5.15B |
| Shares Out | 397.85M |
| EPS (ttm) | 12.79 |
| PE Ratio | 12.36 |
| Forward PE | 12.64 |
| Dividend | $6.20 (3.92%) |
| Ex-Dividend Date | Apr 12, 2024 |
| Volume | 1,320,782 |
| Open | 156.17 |
| Previous Close | 157.61 |
| Day's Range | 155.80 - 158.33 |
| 52-Week Range | 109.40 - 162.24 |
| Beta | 1.15 |
| Analysts | Hold |
| Price Target | 156.63 (-0.9%) |
| Earnings Date | Apr 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 $156.63, which is a decrease of -0.90% from the latest price.
News
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...
PNC Declares Dividend of $1.55 on Common Stock
PITTSBURGH , April 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 $1.55 per share. The d...
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
Bank of America Corp.'s double-digit percentage stock runup in the last six months has prompted a ratings cut to hold from buy at HSBC, analyst Saul Martinez said Thursday in a research note.
PNC Bank CEO: Banking is in an uncertain position with rates
PNC Bank CEO Bill Demchak joins Bloomberg TV and Radio and breaks down what he sees as the areas of strength and weakness for the banking industry. Get more on the Bloomberg Businessweek Podcast Apple...
GENYOUth AND TASTE OF THE NFL INCREASE ACCESS TO 148 MILLION SCHOOL MEALS, FOSTERING NUTRITION SECURITY AMONG STUDENTS NATIONWIDE
Presented by Frito-Lay, Quaker, and the PepsiCo Foundation, Super Bowl LVIII's Largest Philanthropic Event Supports GENYOUth's Mission to Help Tackle Youth Hunger Nutrition Grant Opportunity Opens for...
Don't want to chase Big Tech? Money manager flags three unloved stocks to bet on now.
The Bank of Japan's long-awaited rate hike did not set the financial world on fire. Neither did Nvidia's new AI chip lineup.
PNC Bank Highlights Nearly 160 Years of Reliable and Responsible Banking With 'Boring' Brand Campaign
National TV spot focuses on longtime strategy that has fueled coast-to-coast expansion PITTSBURGH, March 18, 2024 /PRNewswire/ -- PNC Bank ("PNC") debuted today its new Brilliantly Boring℠ brand campa...
PNC Names Michael Thomas Head of Corporate & Institutional Banking
PITTSBURGH , March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately. Based in Pittsburgh, Th...
The PNC Financial Services Group Announces First Quarter 2024 Earnings Conference Call, Virtual-Only Annual Shareholders Meeting Details
PITTSBURGH , March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday,...
PNC Survey Shows Business Owner Optimism Continues to Soar Amid Improving Economic Conditions
55% of small and mid-sized business owners surveyed are optimistic about the national economy. 79% are highly optimistic about the prospects of their own business.
Bank branches are not going away even if consumers mostly use apps
Banks may have cut back on some of their branches, but maintaining a retail presence remains a priority even in the age of the smartphone.
PNC Executive To Speak At RBC Capital Markets Conference
PITTSBURGH , Feb. 21, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Investment Officer Gagan Singh will discuss busine...
PNC Appoints Michael P. Lyons President
PITTSBURGH , Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE: PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporat...
San Juan Basin Royalty Trust Confirms Resignation of PNC Bank as Trustee and Appointment of Argent Trust Company as Successor Trustee
HOUSTON & DALLAS--(BUSINESS WIRE)--The San Juan Basin Royalty Trust announces the resignation of PNC Bank as Trustee and the appointment of Argent Trust Company as Trustee.
PNC Bank to Add 100 Locations, Renovate 1,200 Through 2028
PNC Bank will invest $1 billion to open more than 100 new locations and renovate 1,200 existing ones through 2028. The bank currently has about 2,300 brick-and-mortar locations across the country, PNC...
PNC plans $1 billion investment to expand, renovate branch network
PNC Bank said on Wednesday it is planning to invest roughly $1 billion to open more than 100 new branches and renovate over 1,200 existing locations through 2028.
PNC to spend $1B on its bank branches
PNC Financial Services Group Inc. PNC said Wednesday it plans to spend $1 billion on its branch network. Plans include opening more than 100 new branches and renovating 1,200 out of a total network of...
PNC Bank Announces Nearly $1 Billion Investment In Coast-to-Coast Branch Network
Plans to open more than 100 new branches, renovate more than 1,200 existing locations PITTSBURGH , Feb. 14, 2024 /PRNewswire/ -- PNC Bank announced today a significant investment in its branch network...