The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Cut from Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods cut PNC’s price target from $260 to $250 while maintaining a “market perform” rating; the revised target implies about 15% upside from the prior close.
• Analyst sentiment remains broadly positive, with PNC holding a consensus “Moderate Buy” rating and an average price target of $267.20, despite several recent target reductions.
• PNC’s latest quarter showed adjusted EPS of $5.09, beating the $4.91 estimate, while revenue rose 10.9% year over year to $6.60 billion. Shares closed at $217.02, below their 50-day and 200-day moving averages.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) had its price target dropped by research analysts at Keefe, Bruyette & Woods from $260.00 to $250.00 in a report released on Friday, Benzinga reports. The firm presently has a "market perform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 15.19% from the stock's previous close.

A number of other equities research analysts have also weighed in on the stock. UBS Group decreased their target price on shares of The PNC Financial Services Group from $288.00 to $286.00 and set a "buy" rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. dropped their price target on The PNC Financial Services Group from $269.50 to $258.00 and set an "overweight" rating on the stock in a research note on Friday, October 2nd. Morgan Stanley lifted their price objective on The PNC Financial Services Group from $267.00 to $278.00 and gave the stock an "equal weight" rating in a report on Monday, June 29th. Oppenheimer lifted their price objective on The PNC Financial Services Group from $263.00 to $269.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut The PNC Financial Services Group from a "buy" rating to a "hold" rating and set a $265.00 price objective for the company. in a research report on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $267.20.

The PNC Financial Services Group Stock Performance

Shares of NYSE PNC traded up $2.08 during trading on Friday, reaching $217.02. 1,109,318 shares of the company traded hands, compared to its average volume of 2,212,350. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.34. The firm has a 50 day simple moving average of $236.03 and a 200-day simple moving average of $233.18. The PNC Financial Services Group has a 52-week low of $176.88 and a 52-week high of $258.96. The stock has a market capitalization of $86.58 billion, a PE ratio of 11.92, a P/E/G ratio of 1.13 and a beta of 0.94.

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

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $255.84, for a total transaction 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. The trade was a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.38% of the company's stock.

Institutional Trading of The PNC Financial Services Group

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

Key The PNC Financial Services Group News

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

• Positive Sentiment: Third-quarter earnings beat estimates: PNC reported adjusted diluted EPS of $5.09, above the $4.91 consensus and up from $4.35 a year earlier. Net income reached $2.1 billion, while revenue increased 10.9% year over year. PNC Third Quarter 2026 Results
• Positive Sentiment: Core banking trends improved: Net interest income rose 2% sequentially to $4.21 billion, average loans increased 2% to $372.2 billion, and average deposits grew 1%. PNC also cited approximately 500 new commercial client relationships in expansion markets and forecast about 13.5% average loan growth for 2026.
• Positive Sentiment: Efficiency and analyst support helped sentiment: The efficiency ratio improved to 57%, and Oppenheimer raised its price target from $263 to $269 while maintaining an “outperform” rating.
• Neutral Sentiment: 2026 outlook was maintained: PNC’s full-year revenue guidance of $26.3 billion matched consensus, offering stability but no positive guidance surprise.
• Neutral Sentiment: Management emphasized deposit retention: CEO William Demchak said PNC is investing in technology and service as digital tools make it easier for customers to move deposits in search of higher yields. This highlights a continuing funding challenge for banks.
• Negative Sentiment: Revenue missed expectations: Third-quarter revenue of approximately $6.6 billion came in slightly below the $6.61 billion consensus, with fee income declining 6% from the prior quarter. A $36 million FirstBank integration charge also weighed on reported profit.
• Negative Sentiment: Credit costs increased: Net loan charge-offs rose to $257 million from $226 million in the second quarter, including $35 million tied to a student-loan portfolio transfer. Rising credit costs could limit upside if economic conditions weaken.
• Negative Sentiment: Analyst views were mixed: RBC lowered its target from $273 to $250 but retained “outperform,” while TD Cowen cut its target from $245 to $240 and kept a “hold” rating, signaling more limited near-term upside.

The PNC Financial Services Group Company Profile

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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