The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group. The Retail Banking segment offers brokerage, insurance, and investment and cash management services; checking, savings, and money market accounts; certificates of deposits; and lending products, which includes residential mortgages, home equity loans and lines of credit, auto loans, education loans, and personal and small business loans, and credit cards to consumer and small business customers through a network of branches, ATMs, call centers, and online and mobile banking channels. The Corporate & Institutional Banking segment provides secured and unsecured loans, letters of credit, and equipment leases; payables, receivables, deposit and account, liquidity and investments, and online and mobile banking products and services; foreign exchange, derivatives, securities underwriting, loan syndications, and mergers and acquisitions and equity capital markets advisory related services; and commercial loan servicing and technology solutions for the commercial real estate finance industry. The Asset Management Group segment offers investment and retirement planning, customized investment management, private banking, and trust management and administration solutions; and multi-generational family planning products, such as estate, financial, tax planning, fiduciary, investment management and consulting, personal administrative, asset custody, and customized performance reporting services. This segment also provides outsourced chief investment officer, custody, private real estate, cash and fixed income client solutions, and fiduciary retirement advisory services. As of December 31, 2020, it operated 2,162 branches and 8,900 ATMs. The PNC Financial Services Group, Inc. was founded in 1852 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year:
Exchange: NYSE
Website: pnc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | $233.00 | Buy | TD Cowen |
| 3/31/2025 | $206.00 → $202.00 | Hold → Buy | HSBC Securities |
| 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 |
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4 - PNC FINANCIAL SERVICES GROUP, INC. (0000713676) (Issuer)
4 - PNC FINANCIAL SERVICES GROUP, INC. (0000713676) (Issuer)
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New card incentivizes good financial practice via a suite of competitive features PITTSBURGH, May 12, 2025 /PRNewswire/ -- PNC Bank announced today the launch of its latest credit card, PNC Spend Wise℠ Visa®, designed to reward clients' responsible and healthy financial habits. This unique credit card is built to encourage responsible financial management through its associated purchase APR reduction program for eligible cardholders who meet timely payment and spend requirements. "Through extensive research and direct client feedback, we identified a gap in the market: while m
NEW YORK, April 15, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on April 15th Bank of America (NYSE: BAC) reported better than expected results this morning, raising share price pre-market.General Motors (NYSE:GM) and Ford (NYSE:F) rose after President Trump's comments around helping auto companiesJohnson & Johnson (NYSE: JNJ), Citigroup (NYSE:C), and PNC (NYSE:PNC) highlight upcoming earningsOpening BellCaterpillar (NYSE:CAT) celebrates its 100th anni
Expanded NIM; increased capital and TBV; maintained solid credit quality metrics PITTSBURGH, April 15, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 1Q25 4Q24 1Q24 First Quarter Highlights Financial Results Comparisons reflect 1Q25 vs. 4Q24 Net interest income $ 3,476 $ 3,523 $ 3,264 Income Statement ▪ Net interest income decreased 1% driven by two fewer days in the quarter, partially offset by the benefit of lower funding costs and fixed rate asset repricing – NIM expanded 3 bps to 2.78% ▪ Fee income decreased 2% due to a slowdown in capital ma
Finance Executive to Accelerate Growth and Extend Strong Leadership Team PITTSBURGH, April 7, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today announced that its Board of Directors has unanimously appointed Mark Wiedman as president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately. Wiedman will report to PNC Chairman and Chief Executive Officer William S. Demchak. PNC's primary operating lines of business and the Regional Presidents Office will report to Wiedman. "I'm thrilled Mark has
PITTSBURGH, April 3, 2025 /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 May 5, 2025, to shareholders of record at the close of business April 16, 2025. 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 June 10, 2025, to shareholders of record at the close of business May 16, 2025.Series S: a semi-annual dividend of $2,500.00 per share ($25.00 per each depositary share, 100 of which represent one share of Series S preferred stock) will be paya
PITTSBURGH, March 4, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the first quarter of 2025 at approximately 6:30 a.m. (ET), Tuesday, April 15, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Separately, PNC will hold its Annual Meeting of Shareholders at 11 a.m. (ET), Wednesday, April 23, in a virtual-only format. Event details are as follows: First Quarter 2025 Earnings Investor Conference Call: Tuesday, April 15, at 10 a.m. (ET) Dial-in numbers
Harris Williams, a global investment bank specializing in M&A and private capital advisory services, today announced the promotions of senior professionals across the U.S. and Europe: Managing Director: Ty Denoncourt, Jenson Dunn, Kevin Harper, Jason Hart and Elliott Yousefian. Director: Sean Bielawski, Charles Busch, Patrick Fitzsimmons, Bill Greven, Hilary King, Michael Mahoney, Shinik Patel, Dan Savage and Trey Shehan. Vice President: Jannik Burth, Susie Choi, John Cunningham, Jeff Doremus, Daniel Drazen, Tom Dunne, Jonathan Ferrell, David Hull, Matt Nye, Saajan Sappal, Daphne Solomon, Kiernan Somers, Thomas Tartaglia and Keith Zukowski. "These professionals play an importa
PITTSBURGH, Feb. 3, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) appointed Douglas Dachille to its board of directors effective today. He has also been appointed to the board's risk committee. Dachille served as chief investment officer of American International Group Inc. (AIG) from 2015 until 2021. He joined AIG through its acquisition of First Principles Capital Management, an institutional fixed income asset manager, which he co-founded and led as chief executive officer. Prior to First Principles, he served as president and chief operating office
PITTSBURGH, Jan. 28, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) announced today that Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 11:20 a.m. (ET), Tuesday, Feb. 11, at the UBS Financial Services Conference in Miami. The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, including cautionary statements regarding forward-looking information, available prior to the start of the webcast; and a webcast replay available for 30 days. The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in th
Will Assume President & CEO-Elect Role at Fiserv PITTSBURGH, Jan. 23, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) announced today that President Michael P. Lyons is departing PNC to assume the President & CEO-Elect role at Fiserv. Lyons joined PNC in 2011 to serve as head of Corporate & Institutional Banking and was named president in 2024. "Mike has been with PNC for 13 years and has been instrumental in our growth and success," said PNC Chairman and CEO William S. Demchak. "He is leaving to go to a great client and partner, and we wish him well. We have built a tremendous leadership team together, and I am confident that we won't miss a step in our journey to bec
TD Cowen initiated coverage of PNC with a rating of Buy and set a new price target of $233.00
HSBC Securities upgraded PNC from Hold to Buy and set a new price target of $202.00 from $206.00 previously
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
Odeon upgraded PNC from Hold to Buy
BofA Securities upgraded PNC from Underperform to Neutral
HSBC Securities initiated coverage of PNC with a rating of Reduce and set a new price target of $110.00
Odeon downgraded PNC from Buy to Hold
Keefe Bruyette downgraded PNC from Mkt Perform to Underperform and set a new price target of $125.00 from $157.00 previously
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Expanded NIM; increased capital and TBV; maintained solid credit quality metrics PITTSBURGH, April 15, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter In millions, except per share data and as noted 1Q25 4Q24 1Q24 First Quarter Highlights Financial Results Comparisons reflect 1Q25 vs. 4Q24 Net interest income $ 3,476 $ 3,523 $ 3,264 Income Statement ▪ Net interest income decreased 1% driven by two fewer days in the quarter, partially offset by the benefit of lower funding costs and fixed rate asset repricing – NIM expanded 3 bps to 2.78% ▪ Fee income decreased 2% due to a slowdown in capital ma
PITTSBURGH, April 3, 2025 /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 May 5, 2025, to shareholders of record at the close of business April 16, 2025. 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 June 10, 2025, to shareholders of record at the close of business May 16, 2025.Series S: a semi-annual dividend of $2,500.00 per share ($25.00 per each depositary share, 100 of which represent one share of Series S preferred stock) will be paya
PITTSBURGH, March 4, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the first quarter of 2025 at approximately 6:30 a.m. (ET), Tuesday, April 15, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Separately, PNC will hold its Annual Meeting of Shareholders at 11 a.m. (ET), Wednesday, April 23, in a virtual-only format. Event details are as follows: First Quarter 2025 Earnings Investor Conference Call: Tuesday, April 15, at 10 a.m. (ET) Dial-in numbers
Generated Positive Operating LeverageFourth Quarter 2024 net income was $1.6 billion, $3.77 diluted EPSGrew NII and NIM; increased deposits and capital PITTSBURGH, Jan. 16, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today reported: For the quarter For the year In millions, except per share data and as noted 4Q24 3Q24 2024 2023 Fourth Quarter Highlights Financial Results Comparisons reflect 4Q24 vs. 3Q24 Net interest income (NII) $ 3,523 $ 3,410 $ 13,499 $ 13,916 Income Statement ▪ Net interest income increased 3% and NIM expanded 11 bps ▪ Fee income decreased 4%, due to elevated 3Q24 residential mortgage and capita
PITTSBURGH, Jan. 3, 2025 /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 Feb. 5, 2025, to shareholders of record at the close of business Jan. 15, 2025. 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 March 10, 2025, to shareholders of record at the close of business Feb. 14, 2025.Series T: a quarterly dividend of $850.00 per share ($8.50 per each depositary share, 100 of which represent one share of Series T preferred stock) with a payment d
PITTSBURGH, Dec. 5, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the fourth quarter and full year 2024 at approximately 6:30 a.m. (ET), Thursday, Jan. 16, 2025, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release an
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
PITTSBURGH, Sept. 3, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) expects to issue financial results for the third quarter 2024 at approximately 6:30 a.m. (ET), Tuesday, Oct. 15, 2024, as previously announced. PNC Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will hold a conference call for investors the same day at 10 a.m. (ET). Dial in numbers are (866) 604-1697 and (215) 268-9875 (international). The following will be accessible at www.pnc.com/investorevents: a link to the live audio webcast on the day of the conference call; presentation slides, earnings release and supplementary
Finance Executive to Accelerate Growth and Extend Strong Leadership Team PITTSBURGH, April 7, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) today announced that its Board of Directors has unanimously appointed Mark Wiedman as president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately. Wiedman will report to PNC Chairman and Chief Executive Officer William S. Demchak. PNC's primary operating lines of business and the Regional Presidents Office will report to Wiedman. "I'm thrilled Mark has
PITTSBURGH, Feb. 3, 2025 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) appointed Douglas Dachille to its board of directors effective today. He has also been appointed to the board's risk committee. Dachille served as chief investment officer of American International Group Inc. (AIG) from 2015 until 2021. He joined AIG through its acquisition of First Principles Capital Management, an institutional fixed income asset manager, which he co-founded and led as chief executive officer. Prior to First Principles, he served as president and chief operating office
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
The agency will deliver seamless integration across creative and media to increase national brand awareness for the nation's sixth largest bank BOSTON, June 2, 2023 /PRNewswire/ - PNC Bank has announced Arnold Worldwide, a Havas Creative Group Company, as its integrated marketing and advertising agency of record. Media strategy and planning will be handled by Havas Media Group as part of the agency's village model. PNC Bank will leverage this new relationship to increase national brand awareness with strategic marketing, and advertising efforts. "As we continue to build out our coast-to-coast franchise, PNC has a unique opportunity to further elevate its brand on a national scale," says Aman
Community Leaders Selected to Help Steer Bank's $88 Billion Community Benefits Plan PITTSBURGH, July 27, 2022 /PRNewswire/ -- PNC Bank announced the formation of a new national Community Advisory Council (CAC) with the appointment of 17 members, who will provide ongoing guidance for the Bank's community lending, investment, and service efforts in support of PNC's four-year Community Benefits Plan. "The deep knowledge and personal experience each member of the Advisory Council brings will be invaluable to our ongoing efforts to bring much needed capital to low- and moderate-com
PITTSBURGH, May 10, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) appointed Renu Khator, Ph.D., chancellor of the University of Houston System and president of University of Houston, to its board of directors, effective today. She has also been appointed to the board's nominating and governance and audit committees. Khator currently holds the dual titles of chancellor of the University of Houston System, and president of the University of Houston (UH). As chancellor of the UH system, she oversees a four-university organization that serves more than 76,
Brings Three Decades of Industry Advisory and Operational Experience Harris Williams, a global investment bank specializing in M&A advisory services, today announced that Dr. Julian Feneley has joined the firm's London office as Managing Director, Healthcare & Life Sciences (HCLS). Dr. Feneley brings close to 30 years of healthcare and life sciences industry experience to Harris Williams, and will lead HCLS's European efforts, building on the firm's expertise across the group's key verticals, including pharma services, medical devices, and numerous healthcare provider segments. "We are excited to welcome Julian to Harris Williams as we continue to expand our global platform," said Bob Bal
PITTSBURGH, Jan. 5, 2022 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE:PNC) appointed Robert A. Niblock to its board of directors, effective today. Niblock retired as the chairman, president and chief executive officer of Lowe's Companies, Inc., in 2018. During his 25-year tenure at Lowe's, Niblock held roles of increasing responsibility, serving in various financial positions including as director of Taxation, vice president and treasurer, and chief financial officer. Under his leadership as CEO, Lowe's revenues grew from $36.5 billion to $68.6 billion, and Lo