The PNC Financial Services Group (NYSE:PNC) Price Target Raised to $269.00

Posted by Geri Gentry on Oct 19th, 2026

The PNC Financial Services Group (NYSE:PNC – Free Report) had its target price upped by Oppenheimer from $263.00 to $269.00 in a research note published on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Other equities research analysts have also issued reports about the stock. HSBC increased their price objective on shares of The PNC Financial Services Group from $275.00 to $283.00 and gave the company a “buy” rating in a report on Monday, September 28th. Stephens upped their target price on shares of The PNC Financial Services Group from $265.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Deutsche Bank Aktiengesellschaft lowered shares of The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $265.00 target price for the company. in a research report on Thursday, July 23rd. Morgan Stanley raised their target price on shares of The PNC Financial Services Group from $267.00 to $278.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Finally, UBS Group cut their target price on shares of The PNC Financial Services Group from $288.00 to $286.00 and set a “buy” rating for the company in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $267.20.

View Our Latest Analysis on PNC

The PNC Financial Services Group Stock Performance

NYSE:PNC opened at $217.21 on Friday. The stock has a 50-day moving average price of $235.33 and a 200 day moving average price of $233.29. The stock has a market capitalization of $86.65 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.14 and a beta of 0.94. The PNC Financial Services Group has a 12-month low of $176.88 and a 12-month high of $258.96. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 1.23.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $4.91 by $0.18. The PNC Financial Services Group had a return on equity of 12.82% and a net margin of 21.83%. The company had revenue of $6.60 billion for the quarter, compared to analysts’ expectations of $6.61 billion. During the same period in the previous year, the firm earned $4.35 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Equities research analysts forecast that The PNC Financial Services Group will post 19.22 EPS for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 5th. Investors of record on Wednesday, October 14th will be given a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Wednesday, October 14th. The PNC Financial Services Group’s payout ratio is currently 42.58%.

Insider Buying and Selling

In related news, EVP Stacy Juchno sold 3,354 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 18,800 shares of the company’s stock, valued at approximately $4,809,792. This represents a 15.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.38% of the company’s stock.

Institutional Trading of The PNC Financial Services Group

A number of large investors have recently added to or reduced their stakes in PNC. BlackRock Inc. purchased a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth approximately $7,921,455,000. State Street Corp boosted its position 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 valued at $4,538,929,000 after acquiring an additional 765,097 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of The PNC Financial Services Group in the second quarter valued at $2,102,631,000. Deutsche Bank AG purchased a new position in shares of The PNC Financial Services Group in the second quarter valued at $1,054,189,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of The PNC Financial Services Group by 1.1% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,607,786 shares of the financial services provider’s stock valued at $888,309,000 after purchasing an additional 39,112 shares in the last quarter. Institutional investors own 83.53% of the company’s stock.

Trending Headlines about The PNC Financial Services Group

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

Positive Sentiment: PNC reported third-quarter adjusted EPS of $5.09, above the $4.91 consensus estimate and up from $4.35 a year earlier. Net income reached $2.1 billion, revenue rose 10.9% year over year to $6.60 billion, and net interest income increased 15%. PNC third-quarter earnings release
Positive Sentiment: Loan growth, higher utilization and expansion markets supported results. PNC added approximately 500 commercial client relationships in expansion markets and forecasts roughly 13.5% average loan growth for full-year 2026. PNC loan growth outlook
Positive Sentiment: Expense control improved the efficiency ratio to 57%, while average loans increased 2%, deposits grew 1% and PNC returned capital through $800 million in dividends and $600 million in share repurchases.
Positive Sentiment: Oppenheimer raised its PNC price target to $269 and maintained an “outperform” rating, implying substantial potential upside based on the current trading level. Analyst forecast revisions
Neutral Sentiment: Raymond James, RBC and Keefe, Bruyette & Woods lowered their targets to $255, $250 and $250, respectively, but retained positive or neutral ratings. TD Cowen also cut its target to $240 and maintained a “hold” rating. The revisions indicate continued confidence in PNC’s valuation potential but more cautious expectations after earnings.
Negative Sentiment: Quarterly revenue of $6.60 billion narrowly missed estimates, while fee income declined and funding costs pressured net interest income. PNC revenue analysis
Negative Sentiment: Net loan charge-offs increased to $257 million, including $35 million tied to a student-loan portfolio transfer. Management also highlighted the risk of technology-enabled deposit switching, while $36 million of FirstBank integration costs weighed on reported profit.

About The PNC Financial Services Group

(Get Free Report)

The PNC Financial Services Group, Inc is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Through its principal banking subsidiary, PNC Bank, the company provides banking, lending, investment, and related financial services to individuals, small businesses, corporations, government entities, and institutional clients.

PNC’s consumer offerings include checking and savings accounts, credit cards, mortgages, home equity loans, personal lending, and online and mobile banking.