Zacks Research Has Positive Estimate for PNC Q2 Earnings

Key Points

• Zacks Research has raised its Q2 2026 earnings per share estimate for The PNC Financial Services Group to $4.12, up from $4.06, signaling positive growth expectations.
• The company recently increased its quarterly dividend to $1.70 per share, reflecting an annual payout of $6.80 and a yield of 3.6%.
• The consensus rating for The PNC Financial Services Group's stock is a "Moderate Buy," with a significant portion of analysts issuing buy or hold ratings amid a recent improvement in earnings estimates.

The PNC Financial Services Group, Inc (NYSE:PNC - Free Report) - Equities research analysts at Zacks Research boosted their Q2 2026 earnings per share (EPS) estimates for The PNC Financial Services Group in a research report issued to clients and investors on Tuesday, August 5th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $4.12 for the quarter, up from their previous forecast of $4.06. The consensus estimate for The PNC Financial Services Group's current full-year earnings is $15.37 per share. Zacks Research also issued estimates for The PNC Financial Services Group's Q1 2027 earnings at $4.39 EPS.

PNC has been the topic of several other reports. Barclays lowered their price objective on The PNC Financial Services Group from $257.00 to $235.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group upped their price target on The PNC Financial Services Group from $178.00 to $196.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Keefe, Bruyette & Woods upgraded The PNC Financial Services Group from an "underperform" rating to a "market perform" rating and upped their price target for the company from $185.00 to $212.00 in a research report on Wednesday, July 9th. Morgan Stanley upped their target price on shares of The PNC Financial Services Group from $179.00 to $186.00 and gave the stock an "underweight" rating in a report on Thursday, July 17th. Finally, Wall Street Zen raised shares of The PNC Financial Services Group from a "sell" rating to a "hold" rating in a report on Friday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $214.17.

The PNC Financial Services Group Stock Performance

Shares of NYSE:PNC traded up $2.46 on Thursday, hitting $189.58. 1,020,079 shares of the company were exchanged, compared to its average volume of 2,093,945. The company's 50 day moving average price is $187.37 and its two-hundred day moving average price is $179.97. The PNC Financial Services Group has a one year low of $145.12 and a one year high of $216.26. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $74.66 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 1.39 and a beta of 1.09.

The PNC Financial Services Group (NYSE:PNC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.56 by $0.29. The PNC Financial Services Group had a return on equity of 11.07% and a net margin of 18.33%. The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same period last year, the company earned $3.39 earnings per share. The PNC Financial Services Group's quarterly revenue was up 4.6% compared to the same quarter last year.

Institutional Trading of The PNC Financial Services Group

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. boosted its stake in The PNC Financial Services Group by 9.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 157,928 shares of the financial services provider's stock worth $29,441,000 after purchasing an additional 13,190 shares in the last quarter. Alberta Investment Management Corp lifted its holdings in The PNC Financial Services Group by 16.4% in the second quarter. Alberta Investment Management Corp now owns 29,212 shares of the financial services provider's stock valued at $5,446,000 after acquiring an additional 4,112 shares during the period. Kingsview Wealth Management LLC raised its position in The PNC Financial Services Group by 1.1% in the second quarter. Kingsview Wealth Management LLC now owns 18,206 shares of the financial services provider's stock worth $3,394,000 after acquiring an additional 199 shares during the period. Avantax Advisory Services Inc. raised its holdings in The PNC Financial Services Group by 3.0% in the 2nd quarter. Avantax Advisory Services Inc. now owns 57,949 shares of the financial services provider's stock worth $10,803,000 after purchasing an additional 1,681 shares during the period. Finally, Intech Investment Management LLC raised its stake in shares of The PNC Financial Services Group by 2.7% in the second quarter. Intech Investment Management LLC now owns 23,965 shares of the financial services provider's stock worth $4,468,000 after buying an additional 619 shares during the period. Institutional investors own 83.53% of the company's stock.

Insider Activity at The PNC Financial Services Group

In other The PNC Financial Services Group news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $169.75, for a total transaction of $210,829.50. Following the transaction, the chief executive officer directly owned 554,879 shares in the company, valued at $94,190,710.25. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kieran John Fallon sold 1,492 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $174.56, for a total transaction of $260,443.52. Following the completion of the sale, the executive vice president directly owned 20,490 shares in the company, valued at approximately $3,576,734.40. This trade represents a 6.79% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,976 shares of company stock worth $693,765. 0.41% of the stock is owned by company insiders.

The PNC Financial Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 5th. Investors of record on Tuesday, July 15th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.6%. This is a positive change from The PNC Financial Services Group's previous quarterly dividend of $1.60. The ex-dividend date was Tuesday, July 15th. The PNC Financial Services Group's dividend payout ratio (DPR) is currently 46.51%.

The PNC Financial Services Group Company Profile

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 investment and cash management services.