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With a market cap of $76 billion, The PNC Financial Services Group, Inc. (PNC) offers retail banking, corporate and institutional banking, and asset management services. The Pittsburgh, Pennsylvania-based company provides regional banking, wholesale banking, and asset management services nationally, as well as in its primary regional markets.
Shares of PNC have underperformed the broader market over the past year. PNC has gained 12.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.5%. In 2025, PNC stock is down 1.1%, compared to the SPX’s 8.7% rise on a YTD basis.
Narrowing the focus, PNC has also struggled to keep up with the iShares U.S. Regional Banks ETF (IAT), which has gained about 11.5% over the past year and 2% in 2025.
On Jul. 16, PNC Financial Services reported second-quarter earnings, and its shares climbed 1.1% in the next trading session. It posted a net income of $3.85 per diluted share, up from $3.39 per share a year earlier. Total revenue rose 4% year-over-year to $5.7 billion, supported by $3.6 billion in net interest income from loan growth and asset repricing, and $2.1 billion in noninterest income, with strong contributions from capital markets and asset management.
For the current fiscal year, ending in December, analysts expect PNC’s EPS to grow 11.4% to $15.50 on a diluted basis. The company’s earnings surprise history is impressive. It beat the consensus estimate in each of the last four quarters.
Among the 24 analysts covering PNC stock, the consensus is a “Moderate Buy.” That’s based on 13 “Strong Buy” ratings, two “Moderate Buy,” eight “Holds,” and one “Strong Sell.”
This configuration is more bullish than a month ago, with 12 analysts suggesting a “Strong Buy.”
On July 30, Oppenheimer upgraded PNC Financial Services to “Outperform” from “Perform” with a $238 price target, citing the stock’s underperformance relative to its peers and the broader market, while highlighting PNC as a well-managed, high-quality, and consistently profitable regional bank.
The mean price target of $214.23 represents a 9.9% premium to PNC’s current price levels.
