PNC Financial Analysts Raise Their Forecasts After Upbeat Q4 Earnings

Benzinga01-21 01:40

PNC Financial Services Group, Inc. (NYSE:PNC) reported better-than-expected fourth-quarter fiscal 2025 results on Friday.

The bank reported earnings per share of $4.88, surpassing the consensus estimate of $4.21. Simultaneously, its quarterly revenue reached $6.07 billion, exceeding the street's projection of $5.96 billion.

Chairman and CEO Bill Demchak said, "By virtually all measures, 2025 was a successful year. Strong execution across all business lines resulted in record revenue, well controlled expenses and 21% earnings per share growth. We're entering 2026 with great momentum and are excited about the opportunities in front of us, including the recently closed acquisition of FirstBank."

PNC Financial shares gained 0.6% to trade $222.80 on Tuesday.

These analysts made changes to their price targets on PNC Financial following earnings announcement.

  • Keefe, Bruyette & Woods analyst David Konrad maintained PNC Financial with a Market Perform and raised the price target from $228 to $247.
  • Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform rating and raised the price target from $268 to $284.
  • Wells Fargo analyst Mike Mayo maintained PNC Financial with an Overweight rating and raised the price target from $252 to $264.
  • Morgan Stanley analyst Betsy Graseck maintained the stock with an Underweight rating and raised the price target from $211 to $221.
  • RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and boosted the price target from $222 to $235.

Considering buying PNC stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment