The PNC Financial Services Group, Inc. (PNC)
Market Cap | 48.89B |
Revenue (ttm) | 22.21B |
Net Income (ttm) | 5.93B |
Shares Out | 398.26M |
EPS (ttm) | 14.58 |
PE Ratio | 8.42 |
Forward PE | 10.41 |
Dividend | $6.20 (5.05%) |
Ex-Dividend Date | Jul 14, 2023 |
Volume | 1,093,680 |
Open | 123.96 |
Previous Close | 122.83 |
Day's Range | 122.45 - 124.82 |
52-Week Range | 110.31 - 170.28 |
Beta | 1.13 |
Analysts | Buy |
Price Target | 155.99 (+27.06%) |
Earnings Date | Oct 13, 2023 |
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 certificates of 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, insuran... [Read more]
Financial Performance
In 2022, PNC's revenue was $21.12 billion, an increase of 9.94% compared to the previous year's $19.21 billion. Earnings were $5.74 billion, an increase of 5.50%.
Financial StatementsAnalyst Forecast
According to 17 analysts, the average rating for PNC stock is "Buy." The 12-month stock price forecast is $155.99, which is an increase of 27.06% from the latest price.
News
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PNC Survey Shows Business Owner Optimism Soars To 21-Year Record High While Hiring Concerns Linger
77% of surveyed small and mid-sized business owners optimistic about their business Despite economist expectations for recession, elevated optimism for national economy Almost half of respondents say ...

The PNC Financial Services Group Announces Third Quarter Earnings Conference Call Details
PITTSBURGH , Sept. 1, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the third quarter at approximately 6:30 a.m.

Here's how much regional banks could lose under new liquidity rules
The U.S. Federal Reserve has warned regional banks about stricter liquidity requirements in a fresh regulatory push that will impact 2024 earnings of six affected banks, an analyst at J.P. Morgan said...

PNC Executives To Speak At Barclays Global Financial Services Conference
PITTSBURGH, Aug. 31, 2023 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman, President and Chief Executive Officer William S. Demchak and Executive Vice ...

New PNC Bank Survey of Employers, Employees Finds U.S. Business Productivity is Unexpected Casualty of Inflation
90% of employees surveyed say they are negatively affected by inflation 87% of employees worry about personal finances on the job 75% of employers surveyed say workers' financial stress negatively aff...

These 20 dividend-paying stocks get a double boost from declining interest rates
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PNC Capital Markets Launches PNC Asset Exchange to Help Financial Institution Clients Optimize Loan Portfolios
Exclusive online loan marketplace, powered by Community Capital, will expand client loan market access and liquidity management PITTSBURGH , Aug. 16, 2023 /PRNewswire/ -- PNC FIG Advisory, part of PNC...

Banks' Near $50 Billion Stock Losses Set Up Market For Among Worst Days Of 2023
Shares of the 15 largest American banks each fell 2% or more after Moody's issued a chilly update on the closely-watched sector.

Citigroup, Wells Fargo, PNC: Undervalued Dividend Growers
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PNC BANK, N.A. CHANGES PRIME RATE
PITTSBURGH , July 26, 2023 /PRNewswire/ -- PNC Bank, N.A., announced an increase in its prime lending rate.

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PNC earnings 'quite strong' despite revenue miss: Analyst
CFRA Research Senior Equity Research Analyst Alexander Yokum spoke to Yahoo Finance anchors Julie Hyman and Diane King Hall about PNC earnings and regional banks.
PNC stock slips on Q2 revenue miss and slashed income forecast
Yahoo Finance's Allie Canal, Julie Hyman, and Diane King Hall break down PNC earnings.

PNC Stock Falls. The Regional Bank's Revenue Was a Miss.
PNC Financial Services Group earnings were flat year over year, but came in ahead of expectations.

PNC Financial's interest income forecast trim clouds upbeat quarter
PNC Financial Services Group on Tuesday cut its forecast for full-year net interest income (NII), casting a shadow over the lender's second-quarter earnings beat.

PNC's stock slides 3% premarket after revenue falls short of estimates
PNC Financial Services Group Inc.'s stock PNC, +1.09% slid 3% in premarket trade Tuesday, after the regional bank's second-quarter revenue fell short of estimates. Pittsburgh-based PNC posted net inco...

PNC REPORTS SECOND QUARTER 2023 NET INCOME OF $1.5 BILLION, $3.36 DILUTED EPS
Increased capital; strong credit quality; 4Q23 SCB requirement of 2.5%. Raised quarterly common stock dividend 5 cents to $1.55 per share on July 3, 2023.