The PNC Financial Services Group, Inc. (PNC)

NYSE: PNC · USD

$228

+0.89 (+0.4%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-09-25

Our latest published analysis: PNC rated Reduce

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.

Fair value

$195 / share

Potential value

$212 / share

Upside to FV

-13.7%

from $228

Moat

7/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

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

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 24.9B
Net income (ttm): 7.5B
EPS (ttm): $18.8
P/E (trailing): 12.2x
P/E (forward): 10.7x
Market cap: $89.1B

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%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	적극 매수
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	적극 매수
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	보유
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	매수
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	적극 매수
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	매수

Base and Bull scenarios

Base60%

Price target

$194.79

-13.7% from spot

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.

Net interest margin expands above management year-end exit target
Continuous improvement program delivers structural operational cost savings
Loan expansion moderates toward nominal economic growth rates
Credit charge-offs remain within management guided ranges

Bull15%

Price target

$211.52

-6.3% from spot

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.

Commercial loan expansion accelerates above broader economic growth
Asset repricing drives net interest margin beyond guidance targets
Fee income accelerates across capital markets and wealth management
Valuation multiples re-rate toward upper-tier regional peer benchmarks

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($194.79). Each row and column shows what Fair value becomes when one assumption moves.

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

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E10.7

P25 n/aP50 n/aP75 n/a

Trailing P/E12.3

P25 n/aP50 n/aP75 n/a

ROE13.1

P25 n/aP50 n/aP75 n/a

ROICn/a

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All PNC indicators

Market & fundamental data

Available fields

232

Groups with data

Currency

USD

Showing 232 of 232 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000713676
Company name	The PNC Financial Services Group, Inc.
Country	United States
Country code	US
CUSIP number	693475105
Earnings date	2026-10-15
Earnings time	bmo
Employees	56,963
Employees change	1,630
Employees growth	2.95%
Enterprise value	$164B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1852
In index	SP500
Industry	Banks - Regional
Is primary listing	Yes
Is SPAC	No
ISIN number	US6934751057
Last 10-K release date	2026-02-20
Last earnings date	2026-10-15
Last refreshed	2026-10-28
Last stock split date	1992-11-16
Last stock split type	Forward
Market cap	$90.7B
Market cap category	Large-Cap
Next earnings date	2027-01-15
Options	Yes
Price	$228.43
Price currency	USD
Sector	Financials
SIC code	6021
Stock price date	2026-10-28
Symbol	PNC
U.S. state	Pennsylvania
Website	https://www.pnc.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	11.93x
Average P/E ratio (10Y)	12.34x
Average P/E ratio (3Y)	12.98x
Average P/E ratio (5Y)	12.34x
Earnings yield	8.23%
EV/Earnings	21.7x
EV/Sales	6.56x
Forward EV/Sales	5.95x
Forward P/E	10.93x
Forward P/S	3.29x
Graham number	257.60987
Graham upside	13.32%
Industry forward P/E	9.97x
Industry P/E	11.81x
Lynch fair value	$217.33
Lynch upside	-4.4%
P/B ratio	1.45x
P/E ratio	12.16x
P/OCF ratio	12.06x
P/S ratio	3.62x
PEG ratio	0.87x
Price / tangible book value	1.84x
Sector forward P/E	13.61x
Sector P/E	15.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Effective tax rate	18.17%
Operating margin	38.98%
Pretax margin	38.98%
Profit margin	31.67%
Profit per employee	$132,296
Profitable quarters	70
Profitable years	35
Revenue per employee	$437,898
ROA	1.33%
ROA (5Y)	1.1%
ROE	13.1%
ROE (5Y)	11.51%
Tax / revenue	7.08%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	21.39%
EPS growth (Q)	14.31%
EPS growth (QoQ)	3.38%
EPS growth 10Y	10.08%
EPS growth 3Y	9.35%
EPS growth 5Y	13.06%
EPS growth quarters	7
EPS growth years	2
Net income growth	21.07%
Net income growth (Q)	15.1%
Net income growth (QoQ)	3.35%
Net income growth 3Y	9.2%
Net income growth 5Y	11.57%
Net income growth quarters	7
Net income growth years	2
OCF growth	23.61%
OCF growth 10Y	4.92%
OCF growth 3Y	-15.86%
OCF growth 5Y	10.61%
Revenue growth	14.43%
Revenue growth (Q)	10.87%
Revenue growth (QoQ)	-4.65%
Revenue growth 10Y	5.43%
Revenue growth 3Y	5.95%
Revenue growth 5Y	5.6%
Revenue growth quarters	9
Revenue growth years	7

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
EPS	$18.79
Financing cash flow	$19.4B
Gross profit	$24.9B
Income taxes	$1.8B
Investing cash flow	$-28.6B
Net borrowing	$24.4B
Net cash flow	$-1.6B
Net income	$7.5B
Operating income	$9.7B
Revenue	$24.9B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$156.96
Debt / equity	1.28
Goodwill	$13.3B
Net cash (debt)	$-73.2B
Net cash / market cap	-81.1%
Net debt / equity	1.17
Piotroski F-Score	3
Shareholders' equity	$62.4B
Tangible book value	$49B
Tangible book value per share	$123.44
Total assets	$627.8B
Total cash	$6.5B
Total debt	$79.8B
Total liabilities	$565.4B
WACC	4.98%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Working capital	$-475.4B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.69%
Dividend growth	12.12%
Dividend growth (10Y)	13.32%
Dividend growth (3Y)	6.65%
Dividend growth (5Y)	9.04%
Dividend growth years	15
Dividend payment date	2026-11-05
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$8.00
Dividend yield	3.5%
Ex-dividend date	2026-10-14
Last dividend	$2.00
Payout ratio	39.38%
Shareholder yield	2.82%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	139.37%
10Y return CAGR	12.79%
10Y total return	233.04%
150-day SMA	$232.06
15Y price change	308.13%
15Y return CAGR	13.18%
15Y total return	540.15%
1D price change	0.39%
1M price change	1.24%
1M total return	2.17%
1W price change	2.49%
1W total return	2.49%
1Y price change	23.57%
1Y return CAGR	27.66%
1Y total return	27.64%
20-day SMA	$220.98
200-day SMA	$228.79
20Y price change	235.58%
20Y return CAGR	9.34%
20Y total return	496.16%
3M price change	-8.5%
3M total return	-7.65%
3Y price change	105.35%
3Y return CAGR	31.71%
3Y total return	128.53%
50-day SMA	$230.64
50-day SMA vs 200-day SMA	50over200
52-week high	$258.96
52-week high date	2026-08-17
52-week low	$177.08
52-week low date	2025-11-18
5Y price change	7.29%
5Y return CAGR	5.27%
5Y total return	29.28%
6M price change	3.21%
6M total return	4.99%
All-time high	$258.96
All-time high date	2026-08-17
All-time low	$7.88
All-time low date	1990-10-30
Average true range (ATR)	$4.22
Average volume	2.1M
Beta (1Y)	0.44
Beta (2Y)	0.9
Beta (5Y)	0.93
Change from 52-week high	-11.79%
Change from 52-week low	29%
Change from all-time high	-11.79%
Change from all-time low	2,800.7%
Change from open	-0.11%
Day's gap	0.51%
Dollar volume	$329.2M
High price	$228.69
Low price	$226.47
Monthly RSI	57.76
Open price	$228.69
Position in 52-week range	88.29%
Premarket change	0.58%
Premarket close	$227.54
Premarket price	$228.85
Previous close	$227.54
Price vs 150-day SMA	-1.56%
Price vs 20-day SMA	3.37%
Price vs 200-day SMA	-0.16%
Price vs 50-day SMA	-0.96%
Relative volume	0.68
RSI	57.37
Sharpe ratio	1.08
Sharpe ratio (3Y)	1.11
Sharpe ratio (5Y)	0.18
Sortino ratio	1.85
Sortino ratio (3Y)	1.93
Sortino ratio (5Y)	0.47
Volume	1.4M
Weekly RSI	48.98
YTD price change	9.44%
YTD total return	13.04%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	394.4M
Float percentage	99.28%
Shares change (QoQ)	-0.5%
Shares change (YoY)	0.69%
Shares held by insiders	0.36%
Shares held by institutions	84.87%
Shares outstanding	397.2M
Short % of float	1.83%
Short % of shares	1.82%
Short ratio	4.2 days

Deeper analysis on PNC

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this PNC report

What is the latest published PNC stock rating?

The PNC Financial Services Group, Inc. is shown with Reduce in the latest published report, analyzed 2026-09-25. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full PNC analysis?

The full latest published report, analyzed 2026-09-25, lives at /stocks/PNC/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for PNC?

The latest published report analyzed 2026-09-25 gives PNC a fair value of USD 195 and a potential value of USD 212. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the PNC page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-25). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReducePNC · Fair value $195-13.7%

Read full analysis →

The PNC Financial Services Group, Inc. (PNC)

Our latest published analysis: PNC rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · PNC

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All PNC indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on PNC

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	3.0
Management	8.5
Balance Sheet	5.0
Profitability	6.5
Revenue Growth	7.5
Risk Assessment	6.0
Competitive Moat	7.0
Earnings Quality	6.5
Capital Efficiency	4.0