Oppenheimer analyst Chris Kotowski maintains $PNC Financial Services (PNC.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 73.8% and a total average return of 25.0% 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:
Following PNC Financial's third-quarter earnings surpassing expectations, the outlook provided by the company was deemed positive, reaffirming a projected record net interest income by 2025. Additionally, the fourth-quarter net interest income projections suggest a slightly improved forecast compared to earlier predictions. It has also been noted that the current state of stress within the commercial real estate office portfolio aligns with management's anticipations.
The firm is adjusting its earnings per share estimates for 2024 and 2025 upwards by 1% to $13.31 and $14.96, respectively. This revision is based on expectations of increased net interest income and reduced expenses, which are anticipated to nearly balance out the predicted decrease in fees.
Following PNC Financial's third-quarter report, it was noted that the bank's earnings surpassed expectations as fee revenue and net interest income outperformed the consensus. Meanwhile, the company managed to keep its expenses aligned with projections.
Note:
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