PNC Financial Services Group Inc (PNC) saw its stock surge 5.35% intraday on Friday, driven by a robust fourth-quarter earnings report and an optimistic outlook for 2026.
The company reported Q4 earnings per share of $4.88, surpassing the consensus estimate of $4.21, while revenue reached $6.07 billion, beating expectations of $5.96 billion. Net interest income rose 6% to $3.73 billion, and capital markets and advisory revenue jumped 41% to $489 million, reflecting strong performance across key business segments.
PNC also provided a bullish outlook for 2026, forecasting revenue growth of 11% and net interest income growth of 14%. Additionally, the company announced plans to repurchase $600 million to $700 million of its shares in the first quarter of 2026, further boosting investor confidence.
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