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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Laser breakthrough could send stock soaring 2,467% (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
WARNING TO ALL U.S. INVESTORS (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
WARNING TO ALL U.S. INVESTORS (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Laser breakthrough could send stock soaring 2,467% (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
WARNING TO ALL U.S. INVESTORS (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
WARNING TO ALL U.S. INVESTORS (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Laser breakthrough could send stock soaring 2,467% (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
WARNING TO ALL U.S. INVESTORS (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
WARNING TO ALL U.S. INVESTORS (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
NYSE:PNC

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

$118.78
-0.21 (-0.18%)
(As of 05/26/2023 07:00 PM ET)
Compare
Today's Range
$117.86
$119.36
50-Day Range
$111.58
$131.62
52-Week Range
$110.31
$176.47
Volume
1.80 million shs
Average Volume
3.69 million shs
Market Capitalization
$47.41 billion
P/E Ratio
8.12
Dividend Yield
5.05%
Price Target
$162.30

The PNC Financial Services Group MarketRank™ Forecast

Analyst Rating
Hold
2.35 Rating Score
Upside/​Downside
36.6% Upside
$162.30 Price Target
Short Interest
Healthy
2.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
-0.02mentions of The PNC Financial Services Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$253,590 Bought Last Quarter
Proj. Earnings Growth
-5.44%
From $13.96 to $13.20 Per Share

Overall MarketRank

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

3.16 out of 5 stars

Finance Sector

38th out of 902 stocks

National Commercial Banks Industry

5th out of 86 stocks


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.

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PNC Stock News Headlines

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Company News for May 2, 2023
See More Headlines
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PNC Company Calendar

Last Earnings
4/14/2023
Ex-Dividend for 5/5 Dividend
4/17/2023
Dividend Payable
5/05/2023
Today
5/29/2023
Next Earnings (Estimated)
7/21/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$162.30
High Stock Price Forecast
$205.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+36.6%
Consensus Rating
Hold
Rating Score (0-4)
2.35
Research Coverage
16 Analysts

Profitability

Net Income
$6.04 billion
Pretax Margin
29.50%

Debt

Sales & Book Value

Annual Sales
$23.54 billion
Cash Flow
$16.71 per share
Book Value
$113.59 per share

Miscellaneous

Free Float
397,551,000
Market Cap
$47.41 billion
Optionable
Optionable
Beta
1.12

Social Links


Key Executives

  • William Stanton Demchak
    Chairman, President & Chief Executive Officer
  • E. William ParsleyE. William Parsley
    Chief Operating Officer & Executive Vice President
  • Robert Q. Reilly
    Chief Financial Officer & Executive Vice President
  • Ganesh Krishnan
    Chief Information Officer & Executive VP
  • Michael J. Hannon
    Chief Credit Officer & Executive Vice President













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 3 sell ratings, 5 hold ratings and 8 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 1 year price targets for The PNC Financial Services Group's shares. Their PNC share price forecasts range from $120.00 to $205.00. On average, they anticipate the company's stock price to reach $162.30 in the next year. This suggests a possible upside of 36.6% 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 24.8% and is now trading at $118.78.
View the best growth stocks for 2023 here
.

Are investors shorting The PNC Financial Services Group?

The PNC Financial Services Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 7,190,000 shares, an increase of 24.0% from the April 15th total of 5,800,000 shares. Based on an average daily trading volume, of 4,250,000 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.8% of the shares of the company 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, July 21st 2023.
View our PNC earnings forecast
.

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

The PNC Financial Services Group, Inc. (NYSE:PNC) posted its earnings results on Friday, April, 14th. The financial services provider reported $3.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.60 by $0.38. The financial services provider earned $5.60 billion during the quarter, compared to the consensus estimate of $5.61 billion. The PNC Financial Services Group had a trailing twelve-month return on equity of 13.41% and a net margin of 23.95%. The company's revenue was up 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 EPS.
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 Monday, April 3rd. Stockholders of record on Tuesday, April 18th will be paid a dividend of $1.50 per share on Friday, May 5th. This represents a $6.00 annualized dividend and a yield of 5.05%. The ex-dividend date of this dividend is Monday, April 17th.
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 5.05%. 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 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PNC will have a dividend payout ratio of 45.45% 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 second quarter 2023 earnings guidance on Monday, April, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $5.43 billion-$5.43 billion, compared to the consensus revenue estimate of $5.66 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 investors include BlackRock Inc. (7.32%), State Street Corp (4.25%), FMR LLC (2.86%), Price T Rowe Associates Inc. MD (2.13%), Wellington Management Group LLP (1.97%) and Geode Capital Management LLC (1.81%). Insiders that own company stock include 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 $118.78.

How much money does The PNC Financial Services Group make?

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $47.41 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 $14.62 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.
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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 5/29/2023 by MarketBeat.com Staff

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