The PNC Financial Services Group (NYSE:PNC) Stock Gets Price Target Trim from TD Cowen

Posted by Stanley Muller on Oct 16th, 2026

The PNC Financial Services Group (NYSE:PNC – Get Free Report) had its price target decreased by stock analysts at TD Cowen from $245.00 to $240.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. TD Cowen’s price target would suggest a potential upside of 8.77% from the stock’s current price.

PNC has been the subject of several other research reports. Oppenheimer increased their target price on shares of The PNC Financial Services Group from $271.00 to $281.00 and gave the stock an “outperform” rating in a research note on Thursday, July 16th. UBS Group dropped their price target on The PNC Financial Services Group from $288.00 to $286.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Argus boosted their price target on The PNC Financial Services Group from $250.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Robert W. Baird upped their price objective on The PNC Financial Services Group from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Thursday, July 16th. Finally, Deutsche Bank Aktiengesellschaft downgraded The PNC Financial Services Group from a “buy” rating to a “hold” rating and set a $265.00 price objective for the company. in a research note on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $269.84.

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The PNC Financial Services Group Stock Performance

Shares of NYSE PNC traded up $5.70 during trading hours on Friday, reaching $220.64. The stock had a trading volume of 286,574 shares, compared to its average volume of 2,208,178. The firm has a 50-day moving average of $236.03 and a 200-day moving average of $233.18. The firm has a market cap of $88.02 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 1.13 and a beta of 0.94. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.34. The PNC Financial Services Group has a fifty-two week low of $176.88 and a fifty-two week high of $258.96.

The PNC Financial Services Group (NYSE:PNC – Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $5.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.91 by $0.18. The company had revenue of $6.60 billion for the quarter, compared to the consensus estimate of $6.61 billion. The PNC Financial Services Group had a net margin of 21.41% and a return on equity of 12.48%. The PNC Financial Services Group’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm posted $4.35 EPS. Equities research analysts predict that The PNC Financial Services Group will post 19.22 earnings per share for the current year.

Insider Buying and Selling

In other The PNC Financial Services Group news, EVP Stacy Juchno sold 3,354 shares of The PNC Financial Services Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $255.84, for a total value of $858,087.36. Following the sale, the executive vice president owned 18,800 shares of the company’s stock, valued at approximately $4,809,792. The trade was a 15.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by insiders.

Institutional Trading of The PNC Financial Services Group

Several hedge funds have recently modified their holdings of PNC. Monetary Solutions Ltd purchased a new position in The PNC Financial Services Group in the fourth quarter worth $25,000. Highland Investment Advisors LLC purchased a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of The PNC Financial Services Group during the 2nd quarter worth $28,000. Financial Life Planners purchased a new stake in shares of The PNC Financial Services Group during the 1st quarter worth $31,000. Finally, Wilkerson Advisory Group LLC grew its stake in shares of The PNC Financial Services Group by 93.4% during the 1st quarter. Wilkerson Advisory Group LLC now owns 147 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the period. 83.53% of the stock is owned by institutional investors and hedge funds.

Key The PNC Financial Services Group News

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, exceeding the $4.91 consensus estimate and rising from $4.35 a year earlier. Net income increased to $2.1 billion, while revenue grew 10.9% year over year to $6.60 billion. PNC third-quarter results
Positive Sentiment: Net interest income rose 2% sequentially to $4.21 billion, average loans increased by $9 billion, and average deposits grew 1%. Management forecast approximately 13.5% full-year 2026 average loan growth, supported by expansion markets and new client activity. PNC loan growth forecast
Positive Sentiment: Expense control improved the adjusted efficiency ratio to 57%, while PNC maintained a 9.8% CET1 capital ratio and returned capital through $800 million of dividends and $600 million of share repurchases. Fiscal 2026 revenue guidance of $26.3 billion was in line with consensus.
Neutral Sentiment: CEO William Demchak said PNC is responding to technology-enabled deposit flight by improving digital tools and customer service. He also cautioned that poorly structured potential bank deals could destroy substantial shareholder value. PNC deposit strategy
Negative Sentiment: Revenue fell short of estimates, partly because funding costs pressured net interest income and fee income declined 6% following elevated prior-quarter capital-markets activity. The FirstBank acquisition also generated $36 million of integration costs.
Negative Sentiment: Net loan charge-offs rose to $257 million from $226 million in the second quarter and $179 million a year earlier, including $35 million tied to a student-loan portfolio transfer. Rising credit costs are tempering the otherwise strong earnings performance.
Negative Sentiment: Goldman Sachs reduced its price target for PNC to $250, adding to near-term sentiment pressure. Goldman Sachs target cut

About The PNC Financial Services Group

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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.