PNC Financial Q3 results: EPS beats, Evercore and Truist cut targets

PNC Financial Q3 EPS of $5.09 beat consensus estimate of $4.92. Revenue of $6.562 billion missed Wall Street estimate of $6.610 billion. Evercore ISI lowered price target to $260 from $265, maintaining Outperform rating. PNC raised 2026 revenue forecast to $26.264 billion from $26.102 billion.

PNC Financial Q3 results: Adjusted EPS $5.09 beats, revenue misses

Adjusted EPS of $5.09 beat consensus estimate of $4.92. Revenue of $6.562 billion missed Wall Street estimate of $6.610 billion. Keefe, Bruyette & Woods lowered price target from $260 to $250. Full-year revenue forecast raised to $26.264 billion but remains below consensus.

PNC Q3FY26 Results: Adjusted EPS $5.09, AI slowdown risks lending growth

Adjusted diluted EPS of $5.09 beat consensus estimates of $4.92 by 3.46%. Total revenue of $6.562 billion missed consensus estimates of $6.610 billion. Full-year 2026 sales outlook raised to $26.264 billion from $26.102 billion. CEO William Demchak warned that a slowdown in AI spending could weaken loan growth. Net interest margin stood at 2.94%, with management expecting 3% or above in Q4.

Citigroup raises PNC Financial Services Gr target to $290

Citigroup analyst Benjamin Gerlinger maintained a Buy rating on PNC Financial Services Gr and raised the price target to $290 from $280, joining other firms in reassessing the bank's valuation potential.

PNC Q2 earnings beat estimates as record revenue drives RBC target

PNC Financial Services Group Inc reported record Q2 revenue of $6.9 billion and net income of $2.1 billion, prompting RBC Capital analyst Gerard Cassidy to raise the price target to $273 while maintaining an Outperform rating. The growth was driven by a 4% sequential increase in net interest income to $4.1 billion and a 16% rise in noninterest income to $2.8 billion. Other analysts, including those from Wells Fargo, Barclays, and Oppenheimer, also raised their price targets, reflecting strong sentiment.

PNC raises dividend, boosts FY26 outlook on record revenue

PNC Financial Services Group Inc. raised its quarterly cash dividend by 18% to $2.00 per share and increased its full-year 2026 revenue outlook to $26.10 billion, driven by record revenue of $6.875 billion in the second quarter. Net income rose to $2,055 million, with adjusted earnings of $4.85 per share, supported by commercial loan growth and higher net interest income. The company also completed the integration of FirstBank, converting 780,000 customers and 95 branches.