The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Boost from Oppenheimer

Key Points

• Oppenheimer raised PNC’s price target from $263 to $269 and maintained an “outperform” rating, implying 24.08% potential upside from the reported $216.80 share price.
• PNC reported third-quarter adjusted EPS of $5.09, beating the $4.91 consensus, while revenue rose 10.9% year over year to $6.60 billion. Analysts overall assign the stock a “Moderate Buy” consensus rating with an average target price of $268.
• Despite strong earnings and loan growth, PNC faces pressure from funding costs, a 6% decline in fee income, and higher net loan charge-offs, which increased to $257 million from $179 million a year earlier.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price objective lifted by Oppenheimer from $263.00 to $269.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Oppenheimer's target price suggests a potential upside of 24.08% from the company's current price.

PNC has been the topic of a number of other research reports. TD Cowen cut their price objective on shares of The PNC Financial Services Group from $245.00 to $240.00 and set a "hold" rating on the stock in a research report on Friday. Royal Bank Of Canada reduced their target price on shares of The PNC Financial Services Group from $273.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday. Robert W. Baird raised their target price on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the stock an "outperform" rating in a report on Thursday, July 16th. Argus raised their target price on shares of The PNC Financial Services Group from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, July 16th. Finally, HSBC lifted their price target on shares of The PNC Financial Services Group from $275.00 to $283.00 and gave the stock a "buy" rating in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $268.00.

The PNC Financial Services Group Trading Up 0.9%

Shares of The PNC Financial Services Group stock traded up $1.86 on Friday, reaching $216.80. The company had a trading volume of 877,191 shares, compared to its average volume of 2,211,367. The firm has a market cap of $86.49 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.13 and a beta of 0.94. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.85 and a quick ratio of 0.84. The firm's 50-day moving average price is $236.03 and its two-hundred day moving average price is $233.18. The PNC Financial Services Group has a 1 year low of $176.88 and a 1 year high of $258.96.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, beating the consensus estimate of $4.91 by $0.18. The company had revenue of $6.60 billion for the quarter, compared to analyst estimates of $6.61 billion. The PNC Financial Services Group had a return on equity of 12.48% and a net margin of 21.41%. The PNC Financial Services Group's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.35 EPS. As a group, research analysts predict that The PNC Financial Services Group will post 19.22 earnings per share for the current fiscal year.

Insider Transactions at The PNC Financial Services Group

In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of the company's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the transaction, the executive vice president owned 18,800 shares of the company's stock, valued at $4,809,792. This represents a 15.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.38% of the stock is currently owned by insiders.

Institutional Trading of The PNC Financial Services Group

A number of large investors have recently modified their holdings of PNC. V Square Quantitative Management LLC raised its holdings in shares of The PNC Financial Services Group by 4.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 9,994 shares of the financial services provider's stock valued at $2,221,000 after purchasing an additional 459 shares in the last quarter. YANKCOM Partnership boosted its position in The PNC Financial Services Group by 4.1% during the 3rd quarter. YANKCOM Partnership now owns 3,091 shares of the financial services provider's stock valued at $687,000 after acquiring an additional 121 shares in the last quarter. Bangor Savings Bank increased its holdings in shares of The PNC Financial Services Group by 1.2% in the 3rd quarter. Bangor Savings Bank now owns 4,436 shares of the financial services provider's stock valued at $986,000 after acquiring an additional 52 shares during the period. Moody National Bank Trust Division increased its holdings in shares of The PNC Financial Services Group by 2.5% in the 3rd quarter. Moody National Bank Trust Division now owns 7,448 shares of the financial services provider's stock valued at $1,655,000 after acquiring an additional 184 shares during the period. Finally, QRG Capital Management Inc. increased its holdings in shares of The PNC Financial Services Group by 56.8% in the 2nd quarter. QRG Capital Management Inc. now owns 81,704 shares of the financial services provider's stock valued at $20,117,000 after acquiring an additional 29,597 shares during the period. Hedge funds and other institutional investors own 83.53% of the company's stock.

The PNC Financial Services Group News Summary

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: PNC reported third-quarter net income of $2.1 billion and adjusted diluted EPS of $5.09, exceeding analysts’ $4.91 estimate and rising from $4.35 a year earlier. Revenue increased 10.9% year over year to $6.60 billion. PNC Reports Third Quarter 2026 Net Income
• Positive Sentiment: Net interest income rose 2% sequentially to $4.21 billion, while average loans increased $9 billion, or 2%, and average deposits rose 1%. PNC also reported a 57% efficiency ratio and lower adjusted expenses, indicating improved operating leverage. PNC Q3 2026 Deep Dive
• Positive Sentiment: Expansion markets added roughly 500 commercial client relationships year to date, supporting management’s forecast for approximately 13.5% average loan growth in 2026. Full-year revenue guidance of $26.3 billion is in line with consensus. PNC Forecasts 2026 Loan Growth
• Neutral Sentiment: Management said better technology and service are key to limiting deposit outflows as customers can more easily move funds to higher-yielding alternatives, highlighting both PNC’s competitive response and ongoing funding pressure. PNC Combats AI-Enabled Deposit Flight
• Negative Sentiment: Revenue narrowly missed estimates, partly because funding costs pressured net interest income and fee income declined 6%. Profit also included $36 million of FirstBank integration costs. PNC Revenue Rises on National Expansion
• Negative Sentiment: Net loan charge-offs increased to $257 million from $179 million a year earlier, including $35 million connected with a student-loan portfolio transfer. TD Cowen also lowered its price target to $240 and maintained a “hold” rating. PNC Reports Third-Quarter Net Loan Charge-Offs

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC's principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.

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