The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Increase from Oppenheimer

The PNC Financial Services Group (NYSE:PNC) had its target price boosted by stock analysts at Oppenheimer from $263.00 to $269.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s price target suggests a potential upside of 24.08% from the stock’s previous close.

A number of other research firms have also recently commented on PNC. The Goldman Sachs Group decreased their price target on The PNC Financial Services Group from $281.00 to $250.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Royal Bank Of Canada lowered their price target on The PNC Financial Services Group from $273.00 to $250.00 and set an “outperform” rating for the company in a report on Friday. Truist Financial dropped their price target on The PNC Financial Services Group from $264.00 to $252.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. UBS Group cut their price objective on shares of The PNC Financial Services Group from $288.00 to $286.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $265.00 price objective on the stock. in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, The PNC Financial Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.00.

The PNC Financial Services Group Stock Up 0.9%

Shares of PNC traded up $1.86 during midday trading on Friday, hitting $216.80. 877,191 shares of the company’s stock traded hands, compared to its average volume of 2,211,367. The PNC Financial Services Group has a 1 year low of $176.88 and a 1 year high of $258.96. The firm’s fifty day moving average is $236.03 and its 200-day moving average is $233.18. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $86.49 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.13 and a beta of 0.94.

The PNC Financial Services Group (NYSE:PNC) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 earnings per share for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The PNC Financial Services Group had a return on equity of 12.48% and a net margin of 21.41%. The firm had revenue of $6.60 billion during the quarter, compared to analysts’ expectations of $6.61 billion. During the same quarter last year, the firm earned $4.35 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The PNC Financial Services Group will post 19.22 earnings per share for the current year.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $255.84, for a total transaction of $858,087.36. Following the completion of the sale, the executive vice president owned 18,800 shares of the company’s stock, valued at approximately $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.38% of the company’s stock.

Institutional Investors Weigh In On The PNC Financial Services Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in The PNC Financial Services Group in the 2nd quarter worth approximately $7,921,455,000. Bank of America Corp DE acquired a new stake in The PNC Financial Services Group during the 2nd quarter valued at approximately $2,102,631,000. Deutsche Bank AG acquired a new stake in The PNC Financial Services Group during the 2nd quarter valued at approximately $1,054,189,000. Jupiter Topco LLC purchased a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at $756,877,000. Finally, Legal & General Group Plc purchased a new stake in shares of The PNC Financial Services Group in the 2nd quarter valued at $669,168,000. Institutional investors and hedge funds own 83.53% of the company’s stock.

The PNC Financial Services Group News Summary

Here are the key news stories impacting The PNC Financial Services Group this week:

• Positive Sentiment: PNC reported third-quarter net income of $2.1 billion and adjusted diluted EPS of $5.09, exceeding analysts’ $4.91 estimate and rising from $4.35 a year earlier. Revenue increased 10.9% year over year to $6.60 billion. PNC Reports Third Quarter 2026 Net Income
• Positive Sentiment: Net interest income rose 2% sequentially to $4.21 billion, while average loans increased $9 billion, or 2%, and average deposits rose 1%. PNC also reported a 57% efficiency ratio and lower adjusted expenses, indicating improved operating leverage. PNC Q3 2026 Deep Dive
• Positive Sentiment: Expansion markets added roughly 500 commercial client relationships year to date, supporting management’s forecast for approximately 13.5% average loan growth in 2026. Full-year revenue guidance of $26.3 billion is in line with consensus. PNC Forecasts 2026 Loan Growth
• Neutral Sentiment: Management said better technology and service are key to limiting deposit outflows as customers can more easily move funds to higher-yielding alternatives, highlighting both PNC’s competitive response and ongoing funding pressure. PNC Combats AI-Enabled Deposit Flight
• Negative Sentiment: Revenue narrowly missed estimates, partly because funding costs pressured net interest income and fee income declined 6%. Profit also included $36 million of FirstBank integration costs. PNC Revenue Rises on National Expansion
• Negative Sentiment: Net loan charge-offs increased to $257 million from $179 million a year earlier, including $35 million connected with a student-loan portfolio transfer. TD Cowen also lowered its price target to $240 and maintained a “hold” rating. PNC Reports Third-Quarter Net Loan Charge-Offs

About The PNC Financial Services Group

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its banking and financial services businesses, PNC serves consumers, small and mid-sized businesses, corporations, government entities and institutional clients across the United States.

PNC’s principal activities include retail banking, corporate and institutional banking, and asset management. Its products and services include deposit accounts, consumer and business lending, mortgages, credit cards, treasury management, investment banking, commercial finance, wealth management and investment advisory services.