PNC Financial Analysts Boost Their Forecasts After Strong Q2 Results

Benzinga Earnings
07/16

PNC Financial Services Group Inc. (NYSE:PNC) on Wednesday reported upbeat second-quarter 2026 results and raised its full-year revenue outlook.

Adjusted earnings were $4.85 per share, topping the analyst consensus estimate of $4.43. Revenue increased to $6.88 billion from $5.66 billion a year earlier, ahead of the consensus estimate of $6.50 billion.

The bank raised its full-year 2026 revenue outlook to about $26.10 billion from about $25.64 billion, above the Wall Street estimate of $25.92 billion.

Chairman and Chief Executive Officer William Demchak said the quarter reflected disciplined execution, a successful FirstBank integration and a strong capital position that supports customers, shareholders and communities.

PNC Financial shares rose 0.4% to trade at $255.04 on Thursday.

These analysts made changes to their price targets on PNC Financial following earnings announcement.

  • Baird analyst David George maintained the stock with an Outperform rating and raised the price target from $250 to $280.
  • Stephens & Co. analyst Andrew Terrell maintained the stock with an Overweight rating and raised the price target from $265 to $275.
  • Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $277 to $284.

Considering buying PNC stock? Here’s what analysts think:

Photo via Shutterstock

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