Several brokerages have updated their recommendations and price targets on shares of PNC Financial Services Group, Inc. (The) (NYSE: PNC) in the last few weeks:

  • 7/17/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Credit Suisse Group. They now have a $126.00 price target on the stock, up previously from $114.00.
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Rafferty Capital Markets from a “hold” rating to a “buy” rating.
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) had its price target raised by analysts at Nomura from $126.00 to $129.00. They now have a “neutral” rating on the stock.
  • 7/17/2017 – PNC Financial Services Group, Inc. (The) had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $127.00 price target on the stock, up previously from $121.00.
  • 7/14/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $136.00 price target on the stock.
  • 7/14/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $129.00 price target on the stock.
  • 7/12/2017 – PNC Financial Services Group, Inc. (The) had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $126.00 price target on the stock.
  • 7/10/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last one year. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  Though the company increased its prime lending rate to 4.25% following the latest Fed rate hike, however, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, following Fed's approval of 2017 capital plan recently, the company hiked its quarterly dividend by 36%.”
  • 7/5/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/4/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $140.00 price target on the stock. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  Though the company increased its prime lending rate to 4.25% following the latest Fed rate hike, however, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, Fed's approval of 2017 capital plan depicts the bank's financial stability.”
  • 6/30/2017 – PNC Financial Services Group, Inc. (The) had its price target lowered by analysts at Instinet from $127.00 to $126.00. They now have a “neutral” rating on the stock.
  • 6/24/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/23/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $134.00 price target on the stock.
  • 6/19/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Also, ease of regulations is likely to support profitability.  Though the company increased its prime lending rate to 4.25% following the latest Fed rate hike, however, margin pressure is not expected to ease drastically in the upcoming quarters.”
  • 6/15/2017 – PNC Financial Services Group, Inc. (The) had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $130.00 price target on the stock.
  • 6/14/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/8/2017 – PNC Financial Services Group, Inc. (The) had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $136.00 price target on the stock.
  • 5/30/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Though the company increased its prime lending rate to 4.00% following the latest Fed rate hike, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, given its strong balance sheet, the company displayed impressive capital deployment activities.”
  • 5/29/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Though the company increased its prime lending rate to 4.00% following the latest Fed rate hike, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, given its strong balance sheet, the company displayed impressive capital deployment activities.”
  • 5/23/2017 – PNC Financial Services Group, Inc. (The) was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $133.00 price target on the stock. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. The company’s first-quarter 2017 earnings surpassed the Zacks Consensus Estimate, primarily driven by higher revenues. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Though the company increased its prime lending rate to 4.00% following the latest Fed rate hike, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, given its strong balance sheet, the company displayed impressive capital deployment activities.”
  • 5/22/2017 – PNC Financial Services Group, Inc. (The) was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “PNC Financial’s shares outperformed the Zacks categorized Regional Banks-Major industry, over the last six months. The company’s first-quarter 2017 earnings surpassed the Zacks Consensus Estimate, primarily driven by higher revenues. We remain encouraged by the company’s efforts to generate positive operating leverage through its cost-saving initiatives. Further, its deal to acquire the commercial and vendor finance business of ECN Capital is expected to be marginally accretive to earnings in 2017. Though the company increased its prime lending rate to 4.00% following the latest Fed rate hike, margin pressure is not expected to ease drastically in the upcoming quarters. Nevertheless, given its strong balance sheet, the company displayed impressive capital deployment activities.”
  • 5/19/2017 – PNC Financial Services Group, Inc. (The) was given a new $125.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.

PNC Financial Services Group, Inc. (NYSE:PNC) opened at 127.36 on Tuesday. PNC Financial Services Group, Inc. has a 52-week low of $81.35 and a 52-week high of $131.83. The firm has a 50-day moving average price of $121.09 and a 200 day moving average price of $120.99. The stock has a market capitalization of $61.63 billion, a price-to-earnings ratio of 16.80 and a beta of 0.93.

PNC Financial Services Group, Inc. (The) (NYSE:PNC) last released its earnings results on Friday, July 14th. The financial services provider reported $2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.02 by $0.08. The firm had revenue of $4.06 billion during the quarter, compared to analyst estimates of $3.97 billion. PNC Financial Services Group, Inc. (The) had a net margin of 24.50% and a return on equity of 9.17%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. On average, equities research analysts predict that PNC Financial Services Group, Inc. will post $8.28 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 7th. Investors of record on Monday, July 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, July 13th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. This is a boost from PNC Financial Services Group, Inc. (The)’s previous quarterly dividend of $0.55. PNC Financial Services Group, Inc. (The)’s payout ratio is presently 38.12%.

The PNC Financial Services Group, Inc is a diversified financial services company. The Company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management. The Company operates through four segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock.

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