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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
The Financial Day of Reckoning Has Begun (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
Our Most Important Forecast in 50 Years Tectonic changes are on the way. (Ad)
Boredom, loneliness plague Ukrainian youth near front line
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
High oil prices help Saudi Aramco earn $88B in first half
The Financial Day of Reckoning Has Begun (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
The Financial Day of Reckoning Has Begun (Ad)
NYSE:PNC

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

$174.63
+2.69 (+1.56%)
(As of 08/12/2022 09:15 PM ET)
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Compare
Today's Range
$171.77
$174.64
50-Day Range
$150.96
$174.63
52-Week Range
$146.39
$228.14
Volume
1.19 million shs
Average Volume
2.24 million shs
Market Capitalization
$71.62 billion
P/E Ratio
13.66
Dividend Yield
3.44%
Price Target
$197.63

The PNC Financial Services Group MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
13.2% Upside
$197.63 Price Target
Short Interest
Healthy
1.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.43
Upright™ Environmental Score
News Sentiment
0.76mentions of The PNC Financial Services Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.09%
From $14.48 to $16.23 Per Share

Overall MarketRank

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

2.91 out of 5 stars

Finance Sector

83rd out of 926 stocks

National Commercial Banks Industry

10th out of 90 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.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PNC. Argus reduced their price objective on The PNC Financial Services Group from $245.00 to $220.00 in a research note on Monday, April 18th. Citigroup cut their price target on The PNC Financial Services Group from $190.00 to $170.00 in a research note on Tuesday, July 12th. Raymond James lowered The PNC Financial Services Group from an "outperform" rating to a "market perform" rating in a research note on Thursday, July 7th. Piper Sandler set a $160.00 price target on The PNC Financial Services Group in a research note on Tuesday, July 19th. Finally, Wolfe Research cut their price target on The PNC Financial Services Group from $223.00 to $177.00 and set an "outperform" rating for the company in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $197.63.

The PNC Financial Services Group Price Performance

Shares of The PNC Financial Services Group stock traded up $2.69 during trading on Friday, reaching $174.63. 1,188,043 shares of the stock traded hands, compared to its average volume of 1,765,633. The company has a market capitalization of $71.62 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 2.56 and a beta of 1.21. The business has a fifty day simple moving average of $161.34 and a two-hundred day simple moving average of $176.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.75 and a quick ratio of 0.75. The PNC Financial Services Group has a 52-week low of $146.39 and a 52-week 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 EPS for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. The PNC Financial Services Group had a net margin of 27.32% and a return on equity of 11.93%. The firm had revenue of $5.12 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the firm earned $4.50 EPS. The firm's revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts expect that The PNC Financial Services Group will post 14.48 EPS for the current year.

The PNC Financial Services Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 5th. Investors of record on Wednesday, July 13th were issued a $1.50 dividend. This represents a $6.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, July 12th. The PNC Financial Services Group's payout ratio is 46.95%.

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PNC Stock News Headlines

PNC appoints regional president for Northern California
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
See More Headlines
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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
8/14/2022
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
+13.2%
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
$19.11 per share
Book Value
$116.28 per share

Miscellaneous

Free Float
408,730,000
Market Cap
$71.62 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 analysts have issued "buy," "hold," and "sell" ratings for The PNC Financial Services Group in the last twelve months. There are currently 1 sell rating, 7 hold ratings and 6 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 forecast for 2022?

14 brokerages have issued 12-month target prices for The PNC Financial Services Group's shares. Their PNC share price forecasts range from $156.00 to $240.00. On average, they predict the company's stock price to reach $197.63 in the next twelve months. This suggests a possible upside of 13.2% 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 2022?

The PNC Financial Services Group's stock was trading at $200.52 at the beginning of 2022. Since then, PNC shares have decreased by 12.9% and is now trading at $174.63.
View the best growth stocks for 2022 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, 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) posted its quarterly earnings data 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 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 firm's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company 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 announced a quarterly dividend on Friday, July 1st. Shareholders 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 dividend yield of 3.44%. The ex-dividend date 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 3.44%. 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 36.97% 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (2.63%), Massachusetts Financial Services Co. MA (1.75%), Northern Trust Corp (1.21%), Wells Fargo & Company MN (0.56%), Deutsche Bank AG (0.51%) and Provident Trust Co. (0.50%). 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 $174.63.

How much money does The PNC Financial Services Group make?

The PNC Financial Services Group (NYSE:PNC) has a market capitalization of $71.62 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 company 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 8/15/2022 by MarketBeat.com Staff

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