On Oct 16, major Wall Street analysts update their ratings for $PNC Financial Services (PNC.US)$, with price targets ranging from $180 to $229.
Morgan Stanley analyst Betsy Graseck maintains with a sell rating, and adjusts the target price from $177 to $180.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and adjusts the target price from $200 to $211.
Citi analyst Keith Horowitz maintains with a buy rating.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $209 to $229.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and adjusts the target price from $204 to $215.
Furthermore, according to the comprehensive report, the opinions of $PNC Financial Services (PNC.US)$'s main analysts recently are as follows:
Following the third quarter results and fourth quarter guidance, analysts are enhancing their earnings per share estimates for 2024 and 2025 minimally to $13.31 and $14.96, respectively. This update is largely driven by increased net interest income and reduced expenses, which are nearly balanced out by a dip in fee revenue.
Following the Q3 report, the bank's earnings surpassed expectations as fee income and net interest income outperformed consensus, while expenses met forecasts.
Following quarterly results, it is noted that the CEO emphasized the company's substantial organic growth potential, with projections for a record net income interest by 2025 that does not depend heavily on loan growth. Additionally, it was mentioned that the company is not considering inorganic growth at the moment.
Here are the latest investment ratings and price targets for $PNC Financial Services (PNC.US)$ from 8 analysts:
Note:
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