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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
66,000% upside on tiny biotech? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
66,000% upside on tiny biotech? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
WARNING: Mandatory U.S. Dollar Recall is Weeks Away (Ad)
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
66,000% upside on tiny biotech? (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
The single greatest medical breakthrough of all time? (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
NYSE:PNC

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

$120.85
-1.32 (-1.08%)
(As of 09/22/2023 ET)
Compare
Today's Range
$120.65
▼
$122.50
50-Day Range
$115.77
▼
$136.89
52-Week Range
$110.31
▼
$170.27
Volume
1.37 million shs
Average Volume
1.85 million shs
Market Capitalization
$48.13 billion
P/E Ratio
8.28
Dividend Yield
5.13%
Price Target
$157.20
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

The PNC Financial Services Group MarketRank™ Forecast

Analyst Rating
Hold
2.19 Rating Score
Upside/​Downside
30.1% Upside
$157.20 Price Target
Short Interest
Healthy
1.53% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.50mentions of The PNC Financial Services Group in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.55%
From $13.51 to $11.95 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.26 out of 5 stars

Finance Sector

23rd out of 845 stocks

National Commercial Banks Industry

8th out of 84 stocks

See Top Rated MarketRank™ Stocks Here

PNC stock logo

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

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 Price History

PNC Stock News Headlines

September 23, 2023 | americanbankingnews.com
FY2023 EPS Estimates for The PNC Financial Services Group, Inc. Reduced by Analyst (NYSE:PNC)
September 22, 2023 | finance.yahoo.com
PNC Foundation funds outdoor classroom in Pittsburgh
September 24, 2023 | Chaikin Analytics (Ad)
This Stock Could Go Up 66% or More.
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September 22, 2023 | msn.com
PNC Financial Services discuss state of Erie, Northwest PA economy
September 21, 2023 | finance.yahoo.com
Pittsburgh banks of all sizes face challenges from Fed's rate moves
September 21, 2023 | americanbankingnews.com
Q3 2023 Earnings Forecast for The PNC Financial Services Group, Inc. Issued By Zacks Research (NYSE:PNC)
September 20, 2023 | finance.yahoo.com
UAW strike could push inflation and rates upward, PNC weighs in on FOMC
September 18, 2023 | finance.yahoo.com
PNC backs affordable housing initiatives in 2 states
September 24, 2023 | Chaikin Analytics (Ad)
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
September 17, 2023 | americanbankingnews.com
Piper Sandler Boosts The PNC Financial Services Group (NYSE:PNC) Price Target to $131.00
September 15, 2023 | msn.com
Piper Sandler Maintains PNC Financial Services Group (PNC) Neutral Recommendation
September 15, 2023 | finance.yahoo.com
Find Your Way Through Adversity and Achieve Your Greatest Potential: A PNC Hispanic Heritage Month Event
September 14, 2023 | msn.com
PNC Financial: Upgrade To Strong Buy, Near 5% Dividend Yield
September 13, 2023 | finance.yahoo.com
The PNC Financial Services Group, Inc (PNC) Surges 5.8%: Is This an Indication of Further Gains?
September 12, 2023 | ca.investing.com
PNC Financial Services Surges Following Conference Presentation
September 7, 2023 | finance.yahoo.com
PNC Survey Shows Business Owner Optimism Soars To 21-Year Record High While Hiring Concerns Linger
September 7, 2023 | finance.yahoo.com
New PNC survey finds inflation is leading cause of financial stress for workers
September 7, 2023 | finance.yahoo.com
PNC Financial: 'Reduce' and 'Avoid'
September 7, 2023 | finance.yahoo.com
Regional Banks May Need to Sell $63 Billion in Bonds Under Rule
September 6, 2023 | finance.yahoo.com
PNC Bank inks significant lease at The Crescent Fort Worth
September 5, 2023 | finance.yahoo.com
Why Citigroup, PNC Financial, and M&T Bank Stocks Fell in August
September 1, 2023 | msn.com
Seeking Value With PNC Financial Services Group
August 31, 2023 | finance.yahoo.com
PNC to open new branches in Greater Washington — as it shutters dozens at Giant Food stores
August 31, 2023 | finance.yahoo.com
PNC Executives To Speak At Barclays Global Financial Services Conference
August 30, 2023 | finance.yahoo.com
Entrepreneurs Talk Obstacles, What Black Businesses Need To Level Up
August 29, 2023 | finance.yahoo.com
Goldman's (GS) Divestiture of PFM Unit to Result in a Gain
August 24, 2023 | finance.yahoo.com
New PNC Bank Survey of Employers, Employees Finds U.S. Business Productivity is Unexpected Casualty of Inflation
See More Headlines
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PNC Company Calendar

Ex-Dividend for 8/5 Dividend
7/14/2023
Last Earnings
7/18/2023
Dividend Payable
8/05/2023
Today
9/24/2023
Next Earnings (Confirmed)
10/13/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NYSE:PNC
CUSIP
69347510
CIK
713676
Web
www.pnc.com
Phone
(888) 762-2265
Fax
412-762-4507
Employees
61,545
Year Founded
1852

Price Target and Rating

Average Stock Price Forecast
$157.20
High Stock Price Forecast
$205.00
Low Stock Price Forecast
$110.00
Forecasted Upside/Downside
+30.1%
Consensus Rating
Hold
Rating Score (0-4)
2.19
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$14.59
Trailing P/E Ratio
8.28
Forward P/E Ratio
8.95
P/E Growth
1.12
Net Income
$6.04 billion
Net Margins
21.97%
Pretax Margin
26.85%
Return on Equity
13.27%
Return on Assets
1.13%

Debt

Debt-to-Equity Ratio
1.33
Current Ratio
0.82
Quick Ratio
0.82

Sales & Book Value

Annual Sales
$23.54 billion
Price / Sales
2.04
Cash Flow
$16.53 per share
Price / Cash Flow
7.31
Book Value
$113.59 per share
Price / Book
1.06

Miscellaneous

Outstanding Shares
398,260,000
Free Float
396,702,000
Market Cap
$48.13 billion
Optionable
Optionable
Beta
1.15

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Key Executives

  • Mr. William S. DemchakMr. William S. Demchak (Age 61)
    Chairman, Pres & CEO
    Comp: $4.47M
  • Mr. Robert Q. Reilly (Age 58)
    Exec. VP & CFO
    Comp: $2.79M
  • Mr. E. William ParsleyMr. E. William Parsley (Age 57)
    Exec. VP & COO
    Comp: $3.42M
  • Mr. Gregory Baldwin Jordan Esq. (Age 63)
    EVP, Gen. Counsel, Chief Admin. Officer and Head of Regulatory & Gov. Affairs
    Comp: $1.88M
  • Mr. Michael Patrick Lyons (Age 52)
    Exec. VP and Head of Corp. & Institutional Banking
    Comp: $3.66M
  • Ms. Deborah Guild (Age 54)
    EVP, Chief Information Security Officer & Head of Enterprise Technology
  • Mr. Ganesh Manapra Krishnan (Age 47)
    Exec. VP & Enterprise Chief Information Officer
  • Mr. Bryan K. Gill
    EVP, Director of Investor Relations
  • Ms. Amanda Rosseter
    Chief Communications Officer
  • Ms. Jenn Garbach
    Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













PNC Stock - Frequently Asked Questions

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

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last year. There are currently 4 sell ratings, 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2023?

16 equities research analysts have issued 12-month price objectives for The PNC Financial Services Group's shares. Their PNC share price forecasts range from $110.00 to $205.00. On average, they expect the company's stock price to reach $157.20 in the next twelve months. This suggests a possible upside of 30.1% 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 2023?

The PNC Financial Services Group's stock was trading at $157.94 on January 1st, 2023. Since then, PNC shares have decreased by 23.5% and is now trading at $120.85.
View the best growth stocks for 2023 here.

Are investors shorting The PNC Financial Services Group?

The PNC Financial Services Group saw a decline in short interest in August. As of August 15th, there was short interest totaling 6,850,000 shares, a decline of 18.1% from the July 31st total of 8,360,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is presently 2.9 days. Currently, 1.7% of the company's shares are sold short.
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 Friday, October 13th 2023.
View our PNC earnings forecast.

How can I listen to The PNC Financial Services Group's earnings call?

The PNC Financial Services Group will be holding an earnings conference call on Friday, October 13th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-977-9140 with passcode "22027858".

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

The PNC Financial Services Group, Inc. (NYSE:PNC) released its quarterly earnings results on Tuesday, July, 18th. The financial services provider reported $3.36 EPS for the quarter, topping the consensus estimate of $3.31 by $0.05. The financial services provider had revenue of $5.29 billion for the quarter, compared to the consensus estimate of $5.45 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 13.27% and a net margin of 21.97%. The company's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.42 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 announced a quarterly dividend on Monday, July 3rd. Investors of record on Monday, July 17th will be paid a dividend of $1.55 per share on Saturday, August 5th. This represents a $6.20 annualized dividend and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, July 14th. This is an increase from the stock's previous quarterly dividend of $1.50.
Read our dividend analysis for PNC.

What ETFs hold The PNC Financial Services Group's stock?

ETFs with the largest weight of The PNC Financial Services Group (NYSE:PNC) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Nasdaq Bank ETF (FTXO), Davis Select Financial ETF (DFNL), Federated Hermes U.S. Strategic Dividend ETF (FDV), Emerge EMPWR Sustainable Global Core Equity ETF (EMZA), First Trust NASDAQ Rising Dividend Achievers (RDVY) and FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI).

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 5.13%. 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 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 42.49%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 51.88% 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 third quarter 2023 earnings guidance on Tuesday, July, 18th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $5.35 billion-$5.35 billion, compared to the consensus revenue estimate of $5.46 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).

What is The PNC Financial Services Group's stock symbol?

The PNC Financial Services Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PNC."

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

The PNC Financial Services Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.25%), State Street Corp (4.30%), Capital International Investors (2.17%), Geode Capital Management LLC (1.85%), Aristotle Capital Management LLC (1.49%) and Northern Trust Corp (1.16%). Insiders that own company stock include Bryan Scott Salesky, Guild Deborah, Joseph Alvarado, Karen L Larrimer, Kieran John Fallon, Martin Pfinsgraff, Michael J Hannon, Michael J Hannon, Michael P Lyons, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The PNC Financial Services Group's stock price today?

One share of PNC stock can currently be purchased for approximately $120.85.

How much money does The PNC Financial Services Group make?

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $48.13 billion and generates $23.54 billion in revenue each year. The financial services provider earns $6.04 billion in net income (profit) each year or $14.59 on an earnings per share basis.

How many employees does The PNC Financial Services Group have?

The company employs 61,545 workers across the globe.

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.
Read More
How can I contact The PNC Financial Services Group?

The PNC Financial Services Group's mailing address is THE TOWER AT PNC PLAZA 300 FIFTH AVENUE, PITTSBURGH PA, 15222. The official website for the company is www.pnc.com. The financial services provider can be reached via phone at (888) 762-2265, via email at investor.relations@pnc.com, or via fax at 412-762-4507.

This page (NYSE:PNC) was last updated on 9/24/2023 by MarketBeat.com Staff

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