The PNC Financial Services Group, Inc. (PNC)
| Market Cap | 63.80B |
| Revenue (ttm) | 21.03B |
| Net Income (ttm) | 4.79B |
| Shares Out | 397.91M |
| EPS (ttm) | 11.91 |
| PE Ratio | 13.46 |
| Forward PE | 12.67 |
| Dividend | $6.20 (3.87%) |
| Ex-Dividend Date | Apr 12, 2024 |
| Volume | 993,533 |
| Open | 162.07 |
| Previous Close | 160.89 |
| Day's Range | 160.28 - 162.07 |
| 52-Week Range | 109.40 - 162.24 |
| Beta | 1.15 |
| Analysts | Hold |
| Price Target | 157.02 (-2.08%) |
| Earnings Date | Apr 16, 2024 |
About PNC
The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time 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 inv... [Read more]
Financial Performance
In 2023, PNC's revenue was $21.49 billion, an increase of 1.75% compared to the previous year's $21.12 billion. Earnings were $5.15 billion, a decrease of -10.15%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for PNC stock is "Hold." The 12-month stock price forecast is $157.02, which is a decrease of -2.08% from the latest price.
News
PNC Executives To Speak At Bernstein Conference
PITTSBURGH , May 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President a...
PNC Bank Introduces New Cash Unlimited Visa Signature® Credit Card Offering 2% Cash Back Across All Eligible Purchases
Embracing simplicity and competitive value, the new card delivers a suite of benefits that help meet today's consumer needs PITTSBURGH , May 7, 2024 /PRNewswire/ -- PNC Bank announced today the launch...
TCW-PNC Platform Sets $2.5 Billion Private-Credit Goal
PNC Financial Services Group Inc.'s partnership with TCW Group Inc. to create a private-credit platform gives the bank a way to hold onto business that it might otherwise have had to send elsewhere, B...
PNC and TCW Partner on Loans to Middle Market Companies
The PNC Financial Services Group and the TCW Group have formalized and expanded their partnership to develop a private credit platform focused on middle market lending. The companies aim to have $2.
PNC, TCW Partner on Middle-Market Private Credit Platform
TCW Group is teaming up with PNC Financial Services Group on a private credit platform aimed at middle-market companies, targeting to have $2.5 billion in its first year. Sonali Basak reports on Bloom...
PNC, TCW Partner To Expand Capabilities, Create Private Credit Platform
New Strategy Creates Opportunity for Significant Expansion in Middle Market Lending PITTSBURGH and LOS ANGELES , May 6, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. ("PNC"), one of the ...
Banks are well positioned for CRE concerns, says Baird's David George
David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.
PNC Reports 2% Commercial Loan Dip Amid Manufacturer ‘Hesitancy'
PNC Financial Services Group saw average commercial loans dip in the first quarter as businesses remained cautious about the macroeconomic environment. Overall, average loans decreased 1%.
Big banks led by Citi continue layoffs amid pressure to cut costs
U.S. banking giants continued to shed employees in the first quarter, with Citigroup seeing the biggest drop.
PNC CEO on Q1 earnings beat
PNC CEO Bill Demchak joins 'Money Movers' to discuss the stock reaction to PNC's quarterly earnings results, how the company is adjusting to headwinds, and the company's cost efforts.
PNC Stock Slips After Q1 Profit and Revenue Slide
PNC Financial Services Group (PNC) shares lost ground Tuesday as the bank posted a big drop in first-quarter profit and revenue, and offered soft guidance.PNC reported first-quarter net income fell 21...
PNC Stock Is Edging Lower. Earnings Beat, but Revenue Disappointed.
Regional bank PNC Financial reported first-quarter earnings and revenue both slipped from a year ago.
PNC profit falls 21% amid weaker interest income
PNC Financial Services reported a 21% fall in first-quarter profit on Tuesday, hurt by lower interest income as the lender paid more to hold customer deposits in a high interest rate environment.
PNC Reports First Quarter 2024 Net Income of $1.3 Billion, $3.10 Diluted EPS, or $3.36 Excluding a $130 Million FDIC Special Assessment
Grew liquidity and capital; reduced expenses; credit quality stable PITTSBURGH , April 16, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported: For the quarter In mi...
PNC Declares Dividend of $1.55 on Common Stock
PITTSBURGH , April 3, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.55 per share. The d...
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
Bank of America Corp.'s double-digit percentage stock runup in the last six months has prompted a ratings cut to hold from buy at HSBC, analyst Saul Martinez said Thursday in a research note.
PNC Bank CEO: Banking is in an uncertain position with rates
PNC Bank CEO Bill Demchak joins Bloomberg TV and Radio and breaks down what he sees as the areas of strength and weakness for the banking industry. Get more on the Bloomberg Businessweek Podcast Apple...
GENYOUth AND TASTE OF THE NFL INCREASE ACCESS TO 148 MILLION SCHOOL MEALS, FOSTERING NUTRITION SECURITY AMONG STUDENTS NATIONWIDE
Presented by Frito-Lay, Quaker, and the PepsiCo Foundation, Super Bowl LVIII's Largest Philanthropic Event Supports GENYOUth's Mission to Help Tackle Youth Hunger Nutrition Grant Opportunity Opens for...
Don't want to chase Big Tech? Money manager flags three unloved stocks to bet on now.
The Bank of Japan's long-awaited rate hike did not set the financial world on fire. Neither did Nvidia's new AI chip lineup.
PNC Bank Highlights Nearly 160 Years of Reliable and Responsible Banking With 'Boring' Brand Campaign
National TV spot focuses on longtime strategy that has fueled coast-to-coast expansion PITTSBURGH, March 18, 2024 /PRNewswire/ -- PNC Bank ("PNC") debuted today its new Brilliantly Boring℠ brand campa...
PNC Names Michael Thomas Head of Corporate & Institutional Banking
PITTSBURGH , March 13, 2024 /PRNewswire/ -- PNC Bank today announced that Michael Thomas has been named head of Corporate & Institutional Banking (C&IB), effective immediately. Based in Pittsburgh, Th...
The PNC Financial Services Group Announces First Quarter 2024 Earnings Conference Call, Virtual-Only Annual Shareholders Meeting Details
PITTSBURGH , March 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) expects to issue financial results for the first quarter of 2024 at approximately 6:45 a.m. (ET), Tuesday,...
PNC Survey Shows Business Owner Optimism Continues to Soar Amid Improving Economic Conditions
55% of small and mid-sized business owners surveyed are optimistic about the national economy. 79% are highly optimistic about the prospects of their own business.
Bank branches are not going away even if consumers mostly use apps
Banks may have cut back on some of their branches, but maintaining a retail presence remains a priority even in the age of the smartphone.
PNC Executive To Speak At RBC Capital Markets Conference
PITTSBURGH , Feb. 21, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Executive Vice President and Chief Investment Officer Gagan Singh will discuss busine...