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NYSE:PNC

The PNC Financial Services Group - PNC Stock Forecast, Price & News

$165.92
-0.12 (-0.07%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$165.26
$167.00
50-Day Range
$150.96
$175.51
52-Week Range
$146.39
$228.14
Volume
913,497 shs
Average Volume
2.25 million shs
Market Capitalization
$68.05 billion
P/E Ratio
12.98
Dividend Yield
3.61%
Price Target
$197.63

The PNC Financial Services Group MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
19.1% Upside
$197.63 Price Target
Short Interest
Healthy
1.28% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.46mentions of The PNC Financial Services Group in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.95%
From $14.48 to $16.21 Per Share

Overall MarketRank

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

3.03 out of 5 stars

Finance Sector

96th out of 885 stocks

National Commercial Banks Industry

15th out of 84 stocks

PNC stock logo

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

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as certificates of 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. This segment serves consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. Its Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; cash and investment management services, receivables and disbursement management services, funds transfer services, international payment services, and access to online/mobile information management and reporting; foreign exchange, derivatives, fixed income, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions. It serves mid-sized and large corporations, and government and not-for-profit entities. The company's Asset Management Group segment offers investment and retirement planning, customized investment management, credit and cash management solutions, and trust management and administration services for high net worth and ultra high net worth individuals, and their families; and multi-generational family planning services for ultra high net worth individuals and their families. It also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services for institutional clients. The company has 2,591 branches and 9,502 ATMs. The company was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.

The PNC Financial Services Group Price Performance

PNC Stock opened at $166.04 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 0.75. The stock's 50 day moving average price is $161.63 and its 200 day moving average price is $177.06. The firm has a market cap of $68.10 billion, a P/E ratio of 12.99, a PEG ratio of 2.45 and a beta of 1.21. The PNC Financial Services Group has a 1 year low of $146.39 and a 1 year high of $228.14.

The PNC Financial Services Group (NYSE:PNC - Get Rating) last announced its quarterly earnings results on Friday, July 15th. The financial services provider reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The firm had revenue of $5.12 billion during the quarter, compared to analysts' expectations of $5.13 billion. The PNC Financial Services Group had a net margin of 27.32% and a return on equity of 11.93%. The firm's revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $4.50 EPS. On average, sell-side analysts expect that The PNC Financial Services Group will post 14.48 earnings per share for the current fiscal year.

The PNC Financial Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Wednesday, July 13th were given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Tuesday, July 12th. The PNC Financial Services Group's dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wolfe Research decreased their price objective on The PNC Financial Services Group from $223.00 to $177.00 and set an "outperform" rating for the company in a report on Thursday, May 26th. Jefferies Financial Group cut their price target on shares of The PNC Financial Services Group from $188.00 to $156.00 in a report on Monday, July 11th. Morgan Stanley raised their price target on shares of The PNC Financial Services Group from $168.00 to $180.00 in a research note on Monday, July 18th. Credit Suisse Group reduced their price objective on The PNC Financial Services Group from $172.00 to $170.00 and set a "neutral" rating on the stock in a research report on Monday, July 18th. Finally, Raymond James lowered shares of The PNC Financial Services Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $197.63.

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PNC Stock News Headlines

Top Analyst Reports for Pfizer, Progressive & PNC
July jobs surge a problem for the Fed, PNC says
PSBJ's 40 Under 40 class of 2022 revealed
Men as Allies: Gender Equity Is Everyone's Business
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PNC Company Calendar

Ex-Dividend for 8/5 Dividend
7/12/2022
Last Earnings
7/15/2022
Dividend Payable
8/05/2022
Today
8/09/2022
Next Earnings (Estimated)
10/21/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
69347510
Employees
59,426
Year Founded
1852

Price Target and Rating

Average Stock Price Forecast
$197.63
High Stock Price Forecast
$240.00
Low Stock Price Forecast
$156.00
Forecasted Upside/Downside
+19.1%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
14 Analysts

Profitability

Net Income
$5.67 billion
Pretax Margin
34.00%

Debt

Sales & Book Value

Annual Sales
$19.70 billion
Cash Flow
$18.98 per share
Book Value
$131.85 per share

Miscellaneous

Free Float
408,730,000
Market Cap
$68.05 billion
Optionable
Optionable
Beta
1.21

Social Links


Key Executives














PNC Stock - 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 year. There are currently 1 sell rating, 7 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 forecast for 2022?

14 analysts have issued 12 month target prices for The PNC Financial Services Group's stock. Their PNC share price forecasts range from $156.00 to $240.00. On average, they expect the company's share price to reach $197.63 in the next year. This suggests a possible upside of 18.8% from the stock's current price.
View analysts price targets for PNC
or view top-rated stocks among Wall Street analysts.

How has The PNC Financial Services Group's stock performed in 2022?

The PNC Financial Services Group's stock was trading at $200.52 at the start of the year. Since then, PNC shares have decreased by 17.1% and is now trading at $166.31.
View the best growth stocks for 2022 here
.

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

The PNC Financial Services Group is scheduled to release its next quarterly earnings announcement on Friday, October 21st 2022.
View our PNC earnings forecast
.

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

The PNC Financial Services Group, Inc. (NYSE:PNC) announced its earnings results on Friday, July, 15th. The financial services provider reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. The financial services provider had revenue of $5.12 billion for the quarter, compared to analyst estimates of $5.13 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 11.93% and a net margin of 27.32%. The company's quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.50 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 Friday, July 1st. Stockholders of record on Wednesday, July 13th will be paid a dividend of $1.50 per share on Friday, August 5th. This represents a $6.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend is Tuesday, July 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 $6.00 per share and currently has a dividend yield of 3.59%. 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 46.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 37.01% 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 issued an update on its FY 2022 earnings guidance on Friday, July, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $20.94 billion-$21.32 billion, compared to the consensus revenue estimate of $20.95 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 number of retail and institutional investors. Top institutional shareholders include Provident Trust Co. (0.50%), CIBC Private Wealth Group LLC (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.31%), Jennison Associates LLC (0.27%), Truist Financial Corp (0.23%) and Envestnet Asset Management Inc. (0.20%). Insiders that own company stock include Andrew T Feldstein, Charles E Bunch, E William Parsley III, Gregory B Jordan, Guild Deborah, Joseph E Rockey, Joseph E Rockey, Karen L Larrimer, Kieran John Fallon, Martin Pfinsgraff, Michael J Hannon, Michael J Hannon, Michael P Lyons, Richard J Harshman, Robert A Niblock, Robert Q Reilly, Vicki C Henn 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 $166.31.

How much money does The PNC Financial Services Group make?

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $68.21 billion and generates $19.70 billion in revenue each year. The financial services provider earns $5.67 billion in net income (profit) each year or $12.78 on an earnings per share basis.

How many employees does The PNC Financial Services Group have?

The PNC Financial Services Group employs 59,426 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

When was The PNC Financial Services Group founded?

The PNC Financial Services Group was founded in 1852.

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 8/9/2022 by MarketBeat.com Staff

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