Evercore analyst John Pancari maintains $PNC Financial Services (PNC.US)$ with a buy rating, and adjusts the target price from $200 to $212.
According to TipRanks data, the analyst has a success rate of 38.9% and a total average return of -6.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PNC Financial Services (PNC.US)$'s main analysts recently are as follows:
Net interest incomes for American banks are anticipated to decline by an average of 4% in the third quarter, affected by delayed deposit repricing and continuing subdued loan growth, which are expected to overshadow fixed asset repricing. Net interest income is only projected to reflect positive changes in the second quarter of 2025. Meanwhile, while concerns regarding charge-offs, especially in credit card and commercial real estate sectors, have eased recently, it is suggested that banks may persist in building their reserves.
Expectations for Q3 regional bank results suggest a continued fundamental shift that began in the previous quarter. The anticipation of downward EPS estimate revisions due to a lower rate environment and weaker loan trends could de-risk sector earnings expectations. It's believed that rate reductions may ultimately ease funding cost pressures, encourage loan demand, support credit dynamics, especially in commercial real estate, and offer potential upside to the sector's earnings multiple.
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