PNC Stock Falls After Outlook Disappoints -- WSJ

Dow Jones
10/15

By WSJ Staff

PNC fell 5% Wednesday after the big Pittsburgh bank disappointed Wall Street with a soft outlook for the rest of the year.

PNC beat analyst estimates with its third quarter, but the fourth-quarter outlook was "a bit soft," said Citi Research analyst Keith Horowitz. He said the shortfall seemed centered on higher expenses.

PNC fell $8 to $181 and change on a day when the news from the banking industry was generally quite bullish, for the second day in a row. Citi rates the stock buy and has a price target of $230, but PNC shares are practically alone among the major U.S. lenders in being down for the year, off 6%.

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(END) Dow Jones Newswires

October 15, 2025 10:49 ET (14:49 GMT)

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