Kritika Sarmah
2 min read
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Pittsburgh, Pennsylvania-based The PNC Financial Services Group, Inc. (PNC) operates as a diversified financial services company in the United States. With a market cap of $72.2 billion, the company operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group.
The financial company is set to unveil its second-quarter results before the markets open on Wednesday, July 16. Ahead of the event, analysts expect PNC to report a non-GAAP earnings of $3.58 per share, up 8.5% from the profit of $3.30 per share reported in the year-ago quarter. Additionally, the company has surpassed the Street’s bottom-line projections in each of the past four quarters.
For the full fiscal 2025, its earnings are expected to come in at $15.14 per share, up 8.8% from $13.91 per share reported in the year-ago quarter. In fiscal 2026, its earnings are expected to rise 12.9% year-over-year to $17.09 per share.
PNC stock has soared 22.2% over the past 52 weeks, underperforming the Financial Select Sector SPDR Fund’s (XLF) 26.3% gains, but outperforming the S&P 500 Index’s ($SPX) 12.1% uptick during the same time frame.
On Apr. 15, PNC shares increased marginally following the release of its Q1 earnings. The company reported a revenue of $5.5 billion, up 6% year over year, and surpassed the Street’s estimates. Moreover, its adjusted earnings came in at $3.51, surpassing the consensus estimates by 3.2%.
The consensus opinion on PNC is moderately optimistic, with a “Moderate Buy” rating overall. Of the 23 analysts covering the stock, opinions include 12 “Strong Buys,” one “Moderate Buy,” eight “Holds,” one “Moderate Sell,” and one “Strong Sell.” Its mean price target of $197.76 suggests a 6.6% upside potential from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
