The PNC Financial Services Group (NYSE:PNC) Sets New 52-Week High Following Strong Earnings

Shares of The PNC Financial Services Group, Inc (NYSE:PNC) reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $227.00 and last traded at $222.8580, with a volume of 664993 shares. The stock had previously closed at $215.04.

The financial services provider reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.23 by $0.65. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $5.90 billion. The PNC Financial Services Group had a return on equity of 11.47% and a net margin of 19.30%.The PNC Financial Services Group’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $3.77 earnings per share.

The PNC Financial Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Tuesday, January 20th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, January 20th. The PNC Financial Services Group’s dividend payout ratio (DPR) is 43.93%.

Key Stories Impacting The PNC Financial Services Group

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

• Positive Sentiment: Q4 beat and record revenue — PNC reported $4.88 EPS vs. ~$4.23 consensus and roughly $6.1B in revenue (record), driven by higher NII, fee income and lower credit costs; management highlighted share repurchases and improved tangible book value. Read More.
• Positive Sentiment: Upbeat 2026 outlook — PNC is forecasting mid-to-high single digit loan growth and double-digit revenue/NII expansion in 2026 (management cited ~8% loan growth and ~11% revenue growth in article coverage), underpinning higher forward EPS expectations. Read More.
• Positive Sentiment: Deal and deposit/loan momentum — PNC closed the FirstBank acquisition on Jan. 5, which management says supports Sun Belt expansion, loan growth and fee opportunities. Read More.
• Positive Sentiment: Investor interest and positioning — unusual options activity with a large increase in call buying suggests traders are positioning for further upside after the print. Read More.
• Neutral Sentiment: Profit drivers and one-offs — results benefitted from higher interest income and a dealmaking windfall, as reported by Reuters and WSJ; some items (e.g., Visa derivative adjustment) partially offset noninterest income. Read More.
• Neutral Sentiment: Debt management action — PNC announced redemption of $1.25B of 4.758% senior notes maturing in 2027, a liability management move that is neither clearly dilutive nor immediately value-accretive. Read More.
• Negative Sentiment: Rising expenses and efficiency — noninterest expense rose ~4% and efficiency ratio stayed near 59%; while still manageable, higher expenses partially offset revenue gains and could cap margin improvement if costs persist. Read More.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PNC. Truist Financial increased their target price on shares of The PNC Financial Services Group from $210.00 to $229.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Piper Sandler raised The PNC Financial Services Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $211.00 to $220.00 in a report on Thursday, October 9th. Evercore ISI boosted their target price on The PNC Financial Services Group from $220.00 to $230.00 and gave the company an “outperform” rating in a research note on Tuesday, September 30th. Barclays upped their price target on The PNC Financial Services Group from $235.00 to $271.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, TD Cowen lifted their price objective on The PNC Financial Services Group from $235.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, January 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $222.06.

Insider Activity

In other news, EVP Michael Duane Thomas sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $183.57, for a total transaction of $183,570.00. Following the sale, the executive vice president directly owned 5,802 shares in the company, valued at $1,065,073.14. This represents a 14.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Guild Deborah sold 1,080 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $186.97, for a total transaction of $201,927.60. Following the sale, the executive vice president directly owned 27,335 shares in the company, valued at $5,110,824.95. This trade represents a 3.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.41% 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 made changes to their positions in PNC. Quarry LP purchased a new stake in The PNC Financial Services Group in the third quarter valued at approximately $25,000. IMG Wealth Management Inc. purchased a new position in The PNC Financial Services Group in the 2nd quarter worth approximately $27,000. Beacon Financial Strategies CORP bought a new position in shares of The PNC Financial Services Group in the 4th quarter worth $35,000. Concord Wealth Partners raised its position in shares of The PNC Financial Services Group by 144.9% during the 2nd quarter. Concord Wealth Partners now owns 169 shares of the financial services provider’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Finally, Westfuller Advisors LLC bought a new stake in shares of The PNC Financial Services Group during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Price Performance

The business’s fifty day moving average price is $202.68 and its 200-day moving average price is $197.30. The company has a market capitalization of $87.46 billion, a P/E ratio of 13.44, a P/E/G ratio of 0.95 and a beta of 0.99. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.99.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania, offering a broad range of banking, lending, investment and wealth management services. PNC operates a national banking franchise with a significant retail branch network and dedicated capabilities for commercial, institutional and government clients. Its services are designed to serve individuals, small businesses, corporations and public sector entities across the United States.

PNC’s core business activities include consumer and business banking, residential mortgage lending, corporate and institutional banking, asset management and wealth advisory services.