JPMorgan Chase & Co. Cuts The PNC Financial Services Group (NYSE:PNC) Price Target to $258.00

Posted by Geri Gentry on Oct 5th, 2026

The PNC Financial Services Group (NYSE:PNC – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $269.50 to $258.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

A number of other research firms have also recently weighed in on PNC. Citigroup upped their price target on The PNC Financial Services Group from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Barclays raised their price objective on The PNC Financial Services Group from $277.00 to $284.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of The PNC Financial Services Group in a research report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on The PNC Financial Services Group from $235.00 to $273.00 and gave the stock an “outperform” rating in a research report on Thursday, July 16th. Finally, Truist Financial lowered their target price on The PNC Financial Services Group from $264.00 to $252.00 and set a “hold” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Moderate Buy” and a consensus target price of $269.42.

Get Our Latest Report on The PNC Financial Services Group

The PNC Financial Services Group Stock Down 0.0%

Shares of NYSE PNC opened at $221.01 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.34. The PNC Financial Services Group has a 52 week low of $176.88 and a 52 week high of $258.96. The firm has a 50-day moving average price of $241.93 and a 200 day moving average price of $232.22. The stock has a market capitalization of $88.17 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its earnings results on Wednesday, July 15th. The financial services provider reported $4.85 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.39. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.51 billion. During the same period in the prior year, the business posted $3.85 earnings per share. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. Equities research analysts anticipate that The PNC Financial Services Group will post 19.23 EPS for the current fiscal year.

Insider Activity at The PNC Financial Services Group

In other news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction dated Thursday, August 13th. The shares were 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 directly owned 18,800 shares in the company, valued at $4,809,792. The trade was a 15.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The PNC Financial Services Group

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 valued at $7,921,455,000. State Street Corp lifted its stake in shares of The PNC Financial Services Group by 4.3% during the 2nd quarter. State Street Corp now owns 18,434,446 shares of the financial services provider’s stock worth $4,538,929,000 after purchasing an additional 765,097 shares during the period. Capital International Investors boosted its holdings in shares of The PNC Financial Services Group by 10.2% during the fourth quarter. Capital International Investors now owns 11,936,742 shares of the financial services provider’s stock worth $2,491,819,000 after purchasing an additional 1,101,055 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of The PNC Financial Services Group during the second quarter worth $2,102,631,000. Finally, Franklin Resources Inc. grew its position in shares of The PNC Financial Services Group by 0.9% in the fourth quarter. Franklin Resources Inc. now owns 8,031,778 shares of the financial services provider’s stock valued at $1,676,473,000 after purchasing an additional 71,606 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.

The PNC Financial Services Group Company Profile

(Get Free Report)

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.