Wells Fargo Maintains Overweight on PNC Finl Servs Gr, Raises Price Target to $204
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Wells Fargo analyst Whit Mayo maintains PNC Finl Servs Gr (NYSE:PNC) with a Overweight and raises the price target from $194 to $204.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2024 | $185.00 → $200.00 | Neutral → Buy | BofA Securities |
| 7/8/2024 | $165.00 → $179.00 | Neutral → Buy | UBS |
| 3/28/2024 | $141.00 → $155.00 | Reduce → Hold | HSBC Securities |
| 12/14/2023 | Hold → Buy | Odeon | |
| 10/11/2023 | Underperform → Neutral | BofA Securities | |
| 9/7/2023 | $110.00 | Reduce | HSBC Securities |
| 7/21/2023 | Buy → Hold | Odeon | |
| 4/6/2023 | $157.00 → $125.00 | Mkt Perform → Underperform | Keefe Bruyette |
PITTSBURGH, Oct. 30, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today announced the redemption on Dec. 2, 2024, of $500,000,000 of Depositary Shares (CUSIP: 693475AM7) (the "Depositary Shares") representing interests in PNC's Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series R (the "Series R Preferred Stock"). Each Depositary Share represents a 1/100th interest in a share of the Series R Preferred Stock. All 500,000 Depositary Shares currently outstanding will be redeemed. The Depositary Shares will be redeemed at a redemption price of $1,000 per Depositary Share. Such redemption price does not include the regular quarterly dividend on the De
Generated positive operating leverage; grew NII; substantially increased fee income and TBV PITTSBURGH, Oct. 15, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 3Q24 2Q24 3Q23 Third Quarter Highlights Financial Results Comparisons reflect 3Q24 vs. 2Q24 Net interest income (NII) $ 3,410 $ 3,302 $ 3,418 Income Statement ▪ Generated 1% positive operatingleverage ▪ Revenue stable; noninterest expense decreased 1%; PPNR increased 2% • NII grew 3%; NIM increased 4 bps • Fee income increased 10%, and included strong capital markets and advisory revenue • Other noninte
PITTSBURGH, Oct. 3, 2024 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE:PNC) declared a quarterly cash dividend on the common stock of $1.60 per share. The dividend will be payable Nov. 5, 2024, to shareholders of record at the close of business Oct. 16, 2024. The board also declared a cash dividend on the following series of preferred stocks: Series B: a quarterly dividend of 45 cents per share will be payable Dec. 10, 2024, to shareholders of record at the close of business Nov. 15, 2024.Series R: a quarterly dividend of $2,102.43 per share ($21.0243 per each depositary share, 100 of which represent one share of Series R preferred stock) at a quarter
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SC 13G/A - PNC FINANCIAL SERVICES GROUP, INC. (0000713676) (Filed by)
PNC calculates the cost of Christmas from the holiday song "The Twelve Days of Christmas"Recent inflation trends are repeating, much like the verses of the song itselfFive of the 12 gifts had no increase compared to 2023PITTSBURGH, Nov. 21, 2024 /PRNewswire/ -- National inflation levels may be on the decline, but when it comes to True Loves' gifts, the price of decking the halls keeps rising. Now in its 41st year, PNC Bank's annual Christmas Price Index® (PNC CPI) rose 5.4% — doubling last year's 2.7% increase and surpassing the Bureau of Labor Statistics' Consumer Price Index (BLS CPI) October year-over-year reading of 2.6%.
CHICAGO, Nov. 21, 2024 (GLOBE NEWSWIRE) -- GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, and PNC Bank, one of the largest banks in the United States, today announced an integration with PNC's embedded banking solution, PINACLE® Connect, and GTreasury's treasury and risk management platform. Through this expanded relationship, GTreasury and PNC Bank's shared clients now have access to PNC's treasury services directly within the GTreasury treasury and risk management platform. Clients can streamline their operations, create efficiencies, and eliminate the need to swivel between various partner platforms by integrating key PNC banking servi
Company increases branch investment by $500 million with plans to build new locations in 12 cities PITTSBURGH, Nov. 8, 2024 /PRNewswire/ -- PNC Bank announced today it is increasing its branch investment by $500 million to open more than 100 additional new branches and renovate 200 more existing locations across the country. These plans expand upon the 100 new locations and 1,200 branch renovations the company announced in February. Today's announcement brings the bank's total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same tim
The Nasdaq 100 closed higher by around 300 points during Monday's session. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Best Buy The Trade: Best Buy Co., Inc. (NYSE:BBY) Richard M Schulze sold a total of 1,600,000 shares at an ave
Citigroup analyst Keith Horowitz maintains PNC Finl Servs Gr (NYSE:PNC) with a Buy and raises the price target from $175 to $200.
Shares of PNC Financial Services Group Inc (NYSE:PNC) were climbing in early trading on Wednesday, after the company reported strong second-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. RBC Capital Markets analyst Gerard Cassidy reiterated an Outperform rating and lifted the price target from $155 to $184. Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and raised the price target from $165 to $182. Check out other analyst stock ratings. RBC Capital Markets: Excluding one-time items, PNC Financial Services' core earnings came in at $3.30 per share, surpassing estimates of $3.07 per share, Cassidy sa
Presented by Frito-Lay, Quaker, and the PepsiCo Foundation, Super Bowl LVIII's Largest Philanthropic Event Supports GENYOUth's Mission to Help Tackle Youth Hunger Nutrition Grant Opportunity Opens for U.S. Schools NEW YORK, March 21, 2024 /PRNewswire/ -- GENYOUth, the national nonprofit organization founded by America's dairy farmers and the NFL to help ensure students are well-nourished and active to be their best selves, announced today that the collective impact of the 2024 Taste of the NFL philanthropic event totaled $2.0 million. These funds, the largest raised by a Taste of the NFL event since its founding in 1992, will benefit 1,000 schools and 550,000 students by increasing access
PITTSBURGH, Feb. 20, 2024 /PRNewswire/ -- The PNC Financial Services Group (NYSE:PNC) today announced that its Board of Directors has unanimously appointed Michael P. Lyons president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately. Lyons will report to William S. Demchak who will continue in his current roles as Chairman and Chief Executive Officer of the corporation. PNC's primary operating lines of business and the Regional Presidents Office will report to Lyons. "For more than a decade, Mike has been a vital
Seasoned Executive Will Launch Capital Solutions Practice in London, Providing a Full Range of Secondary Liquidity and Related Capabilities for EMEA Harris Williams, a global investment bank specializing in M&A and private capital advisory services, today announced that Jonathan Abecassis has joined the firm's London office as a managing director in the firm's Private Capital Advisory Group, focused on providing a full range of primary and secondary advisory and related capabilities for clients in Europe. Mr. Abecassis most recently served as a managing director and head of capital solutions and GP advisory in the EMEA and APAC regions at Credit Suisse. "We are thrilled to add Jonathan
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10-Q - PNC FINANCIAL SERVICES GROUP, INC. (0000713676) (Filer)
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BofA Securities upgraded PNC from Neutral to Buy and set a new price target of $200.00 from $185.00 previously
UBS upgraded PNC from Neutral to Buy and set a new price target of $179.00 from $165.00 previously
HSBC Securities upgraded PNC from Reduce to Hold and set a new price target of $155.00 from $141.00 previously