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The PNC Financial Services Group, Inc.'s published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $89.1B | |
|---|---|---|
| Revenue (ttm) | 24.9B | |
| Net income (ttm) | 7.5B | |
| EPS (ttm) | $18.8 | |
| Shares out | 397.2M | |
| P/E (trailing) | 12.2x | |
| P/E (forward) | 10.7x | |
| Dividend | $8.00 (3.50%) | |
| Volume | 1,440,977 | |
| Beta | 0.93 |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $19.21B | $21.12B | $21.49B | $21.56B | $23.10B | +4.7% |
| Gross profit | $19.99B | $20.64B | $20.75B | $20.01B | $22.32B | +2.8% |
| Operating income | $6.99B | $7.47B | $6.74B | $7.24B | $8.49B | +5.0% |
| Net income | $5.67B | $6.04B | $5.58B | $5.89B | $6.94B | +5.1% |
| EPS (diluted) | $12.70 | $13.85 | $12.79 | $13.74 | $16.59 | +6.9% |
| EBITDA | $8.76B | $8.12B | $6.95B | $7.50B | $8.87B | +0.3% |
| R&D | — | — | — | — | — | — |
| SG&A | $7.14B | $7.24B | $7.43B | $7.30B | $7.78B | +2.2% |
Recent company headlines from major financial publishers.
The base case represents the modal path, projecting intrinsic value of $194.79 with an estimated probability of 60.0% and an expected return of -13.7% from $225.64. This scenario models net interest margin expanding above management exit targets by year-end, supported by commercial treasury deposit stability and continuous improvement efficiency gains that widen operating margins. Loan growth moderates in line with broader economic growth while credit provisions remain within guided levels. Disconfirmation would occur if deposit costs accelerate sharply or operating margins contract below baseline levels, observable by upcoming fiscal year checkpoints.
The bull case projects potential intrinsic value of $211.52 with an estimated probability of 15.0% and an expected return of -6.3% from $225.64. In this path, commercial loan expansion outpaces broader economic growth across expansion regions, asset repricing drives net interest margin past management targets, and fee income from corporate advisory and wealth management accelerates. Multiple expansion aligns with upper-tier regional banking peers. This scenario would be disconfirmed if loan demand slows to broader economic growth or competitive pricing erodes spread margins.
| Ke ↓ / g → | 2.0% | 2.3% | 2.5% | 2.8% | 3.0% |
|---|---|---|---|---|---|
| 7.2% | $203 | $205 | $207 | $210 | $213 |
| 7.7% | $197 | $199 | $201 | $203 | $205 |
| 8.2% | $192 | $193 | $195 | $196 | $198 |
| 8.7% | $187 | $189 | $190 | $191 | $193 |
| 9.2% | $183 | $184 | $185 | $187 | $188 |
Upcoming earnings date and setup when available.
The rating each month's published research edition carried. A rating compares the price at analysis with the Fair value; it is not a record of whether the call was right.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
