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NYSE:PNC

The PNC Financial Services Group (PNC) Stock Price, News & Analysis

$154.26
+1.49 (+0.98%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$152.53
$154.31
50-Day Range
$146.59
$161.63
52-Week Range
$109.40
$162.24
Volume
1.49 million shs
Average Volume
1.95 million shs
Market Capitalization
$61.38 billion
P/E Ratio
12.95
Dividend Yield
4.02%
Price Target
$157.02

The PNC Financial Services Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
1.8% Upside
$157.02 Price Target
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
1.38mentions of The PNC Financial Services Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$132,490 Sold Last Quarter
Proj. Earnings Growth
12.35%
From $12.63 to $14.19 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.90 out of 5 stars

Finance Sector

35th out of 878 stocks

National Commercial Banks Industry

9th out of 85 stocks

PNC stock logo

About The PNC Financial Services Group Stock (NYSE:PNC)

The PNC Financial Services Group, Inc., founded in 1852, is a bank holding company headquartered in Pittsburgh, Pennsylvania. The company's mission is to provide clients with the financial tools, resources, and knowledge they need to achieve their goals. PNC operates through a network of over 2,300 branches across 19 states and the District of Columbia.

PNC offers various financial products and services to individuals, small businesses, corporations, and government entities. Its products and services include retail banking, asset management, wealth management, corporate and institutional banking, and residential mortgage banking. The company serves a diverse customer base, including high-net-worth individuals, small and medium-sized businesses, and large corporations.

The company has received numerous awards and recognitions, including being named one of the World's Most Admired Companies by Fortune Magazine for over ten consecutive years. In addition, PNC has been recognized for its commitment to sustainability and corporate responsibility, including being named to the Dow Jones Sustainability North America Index for many consecutive years.

William S. Demchak has served as the Chairman, President, and Chief Executive Officer of PNC since April 2013. He has been with the company since 2002 and has held various leadership positions, including Vice Chairman and Chief Financial Officer.

The company's management team also includes Robert Q. Reilly, Executive Vice President and Chief Financial Officer, who joined the company in 2013. Mr. Reilly previously served as CFO of the GMAC ResCap bankruptcy estate.

Over the past few years, PNC has consistently reported strong financial results. The company's net income has fluctuated, but revenue has increased. This could indicate an unstable profit margin. PNC reports a net profit margin of between 25% and 30%. 

PNC's valuation metrics align with industry peers, with a price-to-earnings ratio, price-to-book ratio, and dividend yield all on par with the industry averages. PNC's stock performance has been strong over the past few years, with the company's share price changing in line with industry peers. The entire sector experienced a decline in 2020 due to the COVID-19 pandemic and again in Q1 of 2023 as market uncertainty became an issue. 

PNC operates in a highly competitive industry, with numerous regional and national competitors, including JPMorgan Chase, Bank of America, and Wells Fargo. The industry has seen significant consolidation in recent years, with larger banks acquiring smaller ones to increase their market share.

The industry is also subject to extensive regulatory oversight, impacting profitability and growth opportunities. However, PNC has a solid competitive position, with a well-established brand and a diverse range of products and services.

Despite the banking industry's challenges, PNC Financial Services Group, Inc. has positioned itself well for growth. The company has invested heavily in technology and digital banking platforms in recent years to serve its customers better and improve operational efficiency. The company's mobile banking app, PNC Mobile, has received high ratings from users and has been recognized as one of the best in the industry. The company has also made strategic acquisitions to expand its reach and capabilities.

One example of PNC's growth strategy is its acquisition of BBVA USA Bancshares, completed in June 2021. This acquisition has allowed PNC to expand its presence in the southwestern United States and add approximately $87 billion in assets to its balance sheet. The acquisition is expected to generate roughly $900 million in cost savings by 2023 and contribute to earnings growth in the coming years.

In addition, PNC has announced plans to launch a digital-only bank in early 2023, allowing the company to reach new customers and expand its product offerings. The digital bank will focus on providing a seamless, convenient banking experience for customers, with features such as real-time payments and personalized financial advice.

Despite its strong position in the market, PNC Financial Services Group, Inc. faces several risks and challenges. One of the biggest challenges is the ongoing low-interest rate environment, which has compressed margins and reduced profitability for many banks. The company has responded by cutting costs and improving efficiency, but it may be difficult to sustain earnings growth in the long term without higher interest rates.

Another challenge facing PNC is the increasing competition from fintech firms and non-bank financial institutions. These companies leverage technology to provide innovative banking services and disrupt traditional banking models. PNC has responded by investing in its technology platforms and partnering with fintech firms, but it may need to do more to stay competitive in the rapidly evolving industry.

PNC faces regulatory and legal risks common in the banking industry. The company is subject to a wide range of regulations and may face fines or other penalties if it fails to comply with these regulations. In addition, the company may face legal challenges related to its lending practices or other activities.

PNC Stock Price History

PNC Stock News Headlines

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Company News for Apr 17, 2024
See More Headlines
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Company Calendar

Ex-Dividend for 5/5 Dividend
4/12/2024
Last Earnings
4/16/2024
Dividend Payable
5/05/2024
Today
5/26/2024
Next Earnings (Estimated)
7/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
69347510
Employees
56,411
Year Founded
1852

Price Target and Rating

Average Stock Price Target
$157.02
High Stock Price Target
$194.00
Low Stock Price Target
$135.00
Potential Upside/Downside
+1.8%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
14 Analysts

Profitability

Net Income
$5.58 billion
Pretax Margin
19.47%

Debt

Sales & Book Value

Annual Sales
$31.88 billion
Cash Flow
$16.12 per share
Book Value
$129.11 per share

Miscellaneous

Free Float
396,236,000
Market Cap
$61.38 billion
Optionable
Optionable
Beta
1.16

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PNC Stock Analysis - Frequently Asked Questions

Should I buy or sell The PNC Financial Services Group stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last year. There are currently 2 sell ratings, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PNC, but not buy additional shares or sell existing shares.
View PNC analyst ratings
or view top-rated stocks.

What is The PNC Financial Services Group's stock price target for 2024?

14 equities research analysts have issued 1-year price objectives for The PNC Financial Services Group's shares. Their PNC share price targets range from $135.00 to $194.00. On average, they expect the company's share price to reach $157.02 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
View analysts price targets for PNC
or view top-rated stocks among Wall Street analysts.

How have PNC shares performed in 2024?

The PNC Financial Services Group's stock was trading at $154.85 at the start of the year. Since then, PNC stock has decreased by 0.4% and is now trading at $154.26.
View the best growth stocks for 2024 here
.

Are investors shorting The PNC Financial Services Group?

The PNC Financial Services Group saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,450,000 shares, a drop of 16.0% from the April 15th total of 5,300,000 shares. Based on an average daily volume of 1,950,000 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.1% of the shares of the company are short sold.
View The PNC Financial Services Group's Short Interest
.

When is The PNC Financial Services Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 16th 2024.
View our PNC earnings forecast
.

How were The PNC Financial Services Group's earnings last quarter?

The PNC Financial Services Group, Inc. (NYSE:PNC) issued its quarterly earnings data on Tuesday, April, 16th. The financial services provider reported $3.10 EPS for the quarter, beating the consensus estimate of $3.09 by $0.01. The financial services provider earned $5.15 billion during the quarter, compared to analyst estimates of $5.19 billion. The PNC Financial Services Group had a net margin of 16.05% and a trailing twelve-month return on equity of 11.64%. The business's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.98 earnings per share.
Read the conference call transcript
.

How often does The PNC Financial Services Group pay dividends? What is the dividend yield for The PNC Financial Services Group?

The PNC Financial Services Group declared a quarterly dividend on Wednesday, April 3rd. Stockholders of record on Monday, April 15th will be given a dividend of $1.55 per share on Sunday, May 5th. This represents a $6.20 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date of this dividend is Friday, April 12th.
Read our dividend analysis for PNC
.

Is The PNC Financial Services Group a good dividend stock?

The PNC Financial Services Group (NYSE:PNC) pays an annual dividend of $6.20 per share and currently has a dividend yield of 4.02%. PNC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 43.69% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PNC.

What guidance has The PNC Financial Services Group issued on next quarter's earnings?

The PNC Financial Services Group updated its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $21.1 billion-$21.5 billion, compared to the consensus revenue estimate of $21.3 billion.

What is William S. Demchak's approval rating as The PNC Financial Services Group's CEO?

2,181 employees have rated The PNC Financial Services Group Chief Executive Officer William S. Demchak on Glassdoor.com. William S. Demchak has an approval rating of 85% among the company's employees.

What other stocks do shareholders of The PNC Financial Services Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The PNC Financial Services Group investors own include JPMorgan Chase & Co. (JPM), Cisco Systems (CSCO), Intel (INTC), Johnson & Johnson (JNJ), Bank of America (BAC), AT&T (T), Verizon Communications (VZ), Procter & Gamble (PG), Costco Wholesale (COST) and McDonald's (MCD).

Who are The PNC Financial Services Group's major shareholders?

The PNC Financial Services Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.28%), Capital International Investors (3.98%), Capital Research Global Investors (1.20%), Bank of New York Mellon Corp (0.76%), Price T Rowe Associates Inc. MD (0.70%) and Principal Financial Group Inc. (0.57%). Insiders that own company stock include Bryan Scott Salesky, Guild Deborah, Joseph Alvarado, Kieran John Fallon, Martin Pfinsgraff, Michael J Hannon, Michael J Hannon, Michael P Lyons, Richard Kevin Bynum, Robert A Niblock and William S Demchak.
View institutional ownership trends
.

How do I buy shares of The PNC Financial Services Group?

Shares of PNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does The PNC Financial Services Group have any subsidiaries?
The following companies are subsidiares of The PNC Financial Services Group: Ambassador Financial Group, BBVA USA, Fortis Advisors, Mercantile Bankshare Corporation, National City Corporation, PNC Bancorp Inc, PNC Bank National Association, PNC Capital Finance LLC, PNC Capital Markets LLC, PNC Equipment Finance LLC, PNC Holding LLC, PNC Investment Company LLC, PNC Investment LLC, PNC Merchant Services Company, PNC NCNVINV Inc, Riggs Bank, Sterling Financial Corporation, Tempus Technologies, United National Bancorp, and Yardville National Bancorp.
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This page (NYSE:PNC) was last updated on 5/27/2024 by MarketBeat.com Staff

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