Top Wall Street Forecasters Revamp PNC Financial Expectations Ahead Of Q3 Earnings

Core Insights - PNC Financial Services Group is set to release its third-quarter earnings on October 15, with expected earnings of $4.04 per share, an increase from $3.49 per share in the same period last year [1] - The company projects quarterly revenue of $5.81 billion, up from $5.43 billion a year earlier [1] Dividend Information - On October 2, PNC declared a quarterly dividend of $1.70 per share on common stock [2] - PNC shares increased by 1.6%, closing at $186.92 on the preceding Monday [2] Analyst Ratings and Price Targets - Piper Sandler upgraded PNC from Neutral to Overweight, raising the price target from $211 to $220 [4] - UBS maintained a Buy rating and increased the price target from $224 to $229 [4] - Wells Fargo maintained an Overweight rating, raising the price target from $230 to $240 [4] - Evercore ISI Group maintained an Outperform rating, increasing the price target from $220 to $230 [4] - Oppenheimer maintained an Outperform rating but reduced the price target from $238 to $235 [4]