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How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
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MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
The perfect AI stock under $10 (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
The perfect AI stock under $10 (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Elon Musk's "Project Dojo" is a Game-Changer (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Corruption scandals cast a shadow over Portugal’s early general election and may favor populists
The perfect AI stock under $10 (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
The perfect AI stock under $10 (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
AT&T will give $5 to customers hit by cellphone network outage
NYSE:PNC

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

$146.12
+0.73 (+0.50%)
(As of 02/23/2024 ET)
Today's Range
$144.71
$147.83
50-Day Range
$145.26
$157.52
52-Week Range
$109.40
$161.15
Volume
1.84 million shs
Average Volume
2.08 million shs
Market Capitalization
$58.13 billion
P/E Ratio
11.42
Dividend Yield
4.24%
Price Target
$146.59

The PNC Financial Services Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.21 Rating Score
Upside/​Downside
0.3% Upside
$146.59 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
0.66mentions of The PNC Financial Services Group in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$649,598 Sold Last Quarter
Proj. Earnings Growth
12.30%
From $12.28 to $13.79 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.

4.80 out of 5 stars

Finance Sector

73rd out of 842 stocks

National Commercial Banks Industry

12th out of 84 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

PNC Executive To Speak At RBC Capital Markets Conference
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Company Calendar

Ex-Dividend for 2/5 Dividend
1/12/2024
Last Earnings
1/16/2024
Dividend Payable
2/05/2024
Today
2/25/2024
Next Earnings (Estimated)
4/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
CUSIP
69347510
Employees
61,545
Year Founded
1852

Price Target and Rating

Average Stock Price Target
$146.59
High Stock Price Target
$176.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+0.3%
Consensus Rating
Hold
Rating Score (0-4)
2.21
Research Coverage
14 Analysts

Profitability

Net Income
$5.58 billion
Pretax Margin
21.13%

Debt

Sales & Book Value

Annual Sales
$31.88 billion
Cash Flow
$16.11 per share
Book Value
$128.56 per share

Miscellaneous

Free Float
396,257,000
Market Cap
$58.13 billion
Optionable
Optionable
Beta
1.19

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Key Executives

Should I Buy The PNC Financial Services Group Stock? PNC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of The PNC Financial Services Group was last updated on Thursday, February 22, 2024 at 8:09 PM.

Pros

Here are some ways that investors could benefit from investing in The PNC Financial Services Group, Inc.:

  • The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States, providing a wide range of financial products and services.
  • The company offers banking services, including deposit, lending, cash management, and investment services, catering to both individual and corporate clients.
  • PNC provides wealth management and fiduciary retirement advisory services for institutional clients, offering expertise in managing assets and planning for the future.
  • Recent developments in the company's operations have shown growth and innovation, positioning it well for future success in the financial services industry.
  • Investors may find the current stock price of The PNC Financial Services Group, Inc. attractive for potential investment opportunities.

Cons

Investors should be bearish about investing in The PNC Financial Services Group, Inc. for these reasons:

  • While the company offers a diverse range of financial services, increased competition in the industry may pose challenges for market share and profitability.
  • Market volatility and economic uncertainties could impact the performance of The PNC Financial Services Group, Inc., affecting investor returns.
  • Regulatory changes and compliance requirements in the financial sector may add complexity and costs to the company's operations, affecting overall profitability.
  • Investors should carefully consider the risks associated with investing in financial services companies, including market fluctuations and interest rate changes.
  • While the company has a long history and established reputation, external factors such as economic downturns or industry disruptions could impact its financial performance.














PNC Stock Analysis - Frequently Asked Questions

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

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

14 analysts have issued twelve-month price targets for The PNC Financial Services Group's stock. Their PNC share price targets range from $110.00 to $176.00. On average, they expect the company's stock price to reach $146.59 in the next year. This suggests a possible upside of 0.3% 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 beginning of the year. Since then, PNC stock has decreased by 5.6% and is now trading at $146.12.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, April 12th 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 earnings results on Tuesday, January, 16th. The financial services provider reported $3.16 earnings per share for the quarter, beating the consensus estimate of $2.12 by $1.04. The financial services provider earned $5.36 billion during the quarter, compared to the consensus estimate of $5.30 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 12.27% and a net margin of 17.50%. The company's revenue was down 7.0% on a year-over-year basis. During the same period last year, the company posted $3.49 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 Thursday, January 4th. Shareholders of record on Tuesday, January 16th will be paid a dividend of $1.55 per share on Monday, February 5th. This represents a $6.20 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Friday, January 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 4.24%. 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 48.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 44.96% 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 Thursday, January, 18th. 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 $21.4 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 a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.29%), Capital International Investors (3.95%), Massachusetts Financial Services Co. MA (1.84%), Norges Bank (1.69%), Franklin Resources Inc. (1.23%) and Capital Research Global Investors (1.20%). 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, 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 2/25/2024 by MarketBeat.com Staff