PNC Financial Analysts Boost Their Forecasts After Strong Q2 Results

Benzinga07-16 21:40

PNC Financial Services Group Inc. (NYSE:PNC) on Wednesday reported upbeat second-quarter 2026 results and raised its full-year revenue outlook.

Adjusted earnings were $4.85 per share, topping the analyst consensus estimate of $4.43. Revenue increased to $6.88 billion from $5.66 billion a year earlier, ahead of the consensus estimate of $6.50 billion.

The bank raised its full-year 2026 revenue outlook to about $26.10 billion from about $25.64 billion, above the Wall Street estimate of $25.92 billion.

Chairman and Chief Executive Officer William Demchak said the quarter reflected disciplined execution, a successful FirstBank integration and a strong capital position that supports customers, shareholders and communities.

PNC Financial shares rose 0.4% to trade at $255.04 on Thursday.

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

Baird analyst David George maintained the stock with an Outperform rating and raised the price target from $250 to $280.
Stephens & Co. analyst Andrew Terrell maintained the stock with an Overweight rating and raised the price target from $265 to $275.
Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $277 to $284.

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

Photo via Shutterstock

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Revenue increased to $6.88 billion from $5.66 billion a year earlier, ahead of the consensus estimate of $6.50 billion.</p>\n<p>The bank raised its full-year 2026 revenue outlook to about $26.10 billion from about $25.64 billion, above the Wall Street estimate of $25.92 billion.</p>\n<p>Chairman and Chief Executive Officer William Demchak said the quarter reflected disciplined execution, a successful FirstBank integration and a strong capital position that supports customers, shareholders and communities.</p>\n<p>PNC Financial shares rose 0.4% to trade at $255.04 on Thursday.</p>\n<p>These analysts made changes to their price targets on PNC Financial following earnings announcement.</p>\n<ul>\n<li>Baird analyst David George maintained the stock with an Outperform rating and raised the price target from $250 to $280.</li>\n<li>Stephens &amp; Co. analyst Andrew Terrell maintained the stock with an Overweight rating and raised the price target from $265 to $275.</li>\n<li>Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $277 to $284.</li>\n</ul>\n<p><strong>Considering buying PNC stock? 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(NYSE:PNC) on Wednesday reported upbeat second-quarter 2026 results and raised its full-year revenue outlook.</p>\n<p>Adjusted earnings were $4.85 per share, topping the analyst consensus estimate of $4.43. 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Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"454\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/16093904/image-443-1024x454.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/16093904/image-443-1024x454.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/16093904/image-443-300x133.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/16093904/image-443-768x340.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/16093904/image-443.png 1212w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/07/60496329/pnc-financial-analysts-boost-their-forecasts-after-strong-q2-results","article_id":"2651474864","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651474864","pubTimestamp":1784209213,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"PNC Financial Group reported strong Q2 results and raised full-year revenue outlook. 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