Annual Financial Wellness in the Workplace Report Highlights Workplace Stressors, Benefits Needs and Financial Goals Across GenerationsPITTSBURGH, Aug. 28, 2024 /PRNewswire/ -- PNC Bank today released findings from its second annual Financial Wellness in the Workplace Report entitled, "The Evolving Needs of the Multigenerational American Workforce," which summarizes survey data and in-depth interviews from more than 1,000 U.S. workers and more than 500 U.S. employers to better understand the financial healt ...

PITTSBURGH, Aug. 26, 2024 /PRNewswire/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) announced today that Chairman and Chief Executive Officer William S. Demchak and Executive Vice President and Chief Financial Officer Robert Q. Reilly will discuss business performance and strategy at 12:00 p.m. (ET) Monday, Sept. 9, at the Barclays Global Financial Services Conference in New York City.The following will be accessible at www.pnc.com/investorevents: a link to the live webcast; related materials, incl ...

BofA Securities analyst Ebrahim H. Poonawala upgraded PNC Financial Services Group, Inc. PNC to Buy from Neutral, raising the price objective to $200 from $185.Despite a premium valuation often being a barrier for the analyst, the revised FY25/26 estimates imply a 14% annual EPS growth, making the risk/reward attractive.With shares trading at 11.2x/9.9x FY25/26 EPS and 1.6x YE25 TBV, compared to a 15% ROTCE outlook, Poonawala writes that the investment potential looks promising.The analyst remains upbeat on ...

Shares of PNC Financial Services (PNC) have appreciated 19.3% in the past six months compared with the industry’s growth of 16.8%. The stock has also outperformed the S&P 500 Index, which moved up 8.4% in the same frame.The company’s solid balance sheet and strategic initiatives continue to support its financials. Analysts are bullish regarding this Zacks Rank #3 (Hold) stock. In the past seven days, the Zacks Consensus Estimate for earnings of $12.74 and $14.43 per share has moved 3.1% and 1.8% upward for ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-09718 The PNC Financial Services Group, Inc. (Exact name of regi ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Loading...Loading...Shares of PNC Financial Services Group Inc PNC were climbing in early trading on Wednesday, after the company reported strong second-quarter results.The results came amid an exciting earnings season. Here are some key analyst takeaways.RBC Capital Markets analyst Gerard Cassidy reiterated an Outperform rating and lifted the price target from $155 to $184.Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and raised the price target from $165 to $182.Check out other analyst ...

PNC Financial Services Group saw expected increases in total nonperforming loans and net loan charge-offs in the second quarter.The increases were primarily due to high commercial nonperforming loans and higher commercial real estate (CRE) net loan charge-offs, the bank said in a Tuesday (July 16) earnings release.“The credit environment continues to play out as we’ve expected, including an increase in charge-offs within the CRE office portfolio, where we remain adequately reserved,” William S. Demchak, cha ...

For the quarter ended June 2024, The PNC Financial Services Group, Inc (PNC) reported revenue of $5.41 billion, up 2.2% over the same period last year. EPS came in at $3.30, compared to $3.36 in the year-ago quarter.The reported revenue represents a surprise of +2.08% over the Zacks Consensus Estimate of $5.3 billion. With the consensus EPS estimate being $3.00, the EPS surprise was +10.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

Loading...Loading...Goldman Sachs analyst Richard Ramsden anticipates a neutral investor response to PNC Financial Services Group, Inc.‘s PNC stronger results and updated FY24 guidance.Today, the bank reported a revenue increase of 2% Y/Y to $5.411 billion, slightly missing the consensus of $5.412 billion, while adjusted EPS of $3.30 topped the consensus of $2.98.For FY24, PNC expects net interest income (NII) to decline 4%, revenue to be down 1%-2% (vs. consensus of roughly unchanged Y/Y), and average loan ...