Economy

PNC Financial Services Group (PNC) Posts Quarterly Earnings Results, Meets Expectations

PNC Financial Services Group (PNC) Posts Quarterly Earnings Results, Meets Expectations

Among 34 analysts covering PNC Financial Services (NYSE:PNC), 13 have Buy rating, 1 Sell and 20 Hold.

-Earnings (Q1): $1.24 Bln. vs. $1.07 Bln. previous year. Finally, BMO Capital Markets reaffirmed a "buy" rating on shares of PNC Financial Services Group in a research note on Thursday, January 25th. The company presently has a consensus rating of "Hold" and a consensus target price of $146.89. Blackrock reported 0.19% in The PNC Financial Services Group, Inc. Morgan Stanley lifted their target price on shares of PNC Financial Services Group from $165.00 to $168.00 and gave the company an "equal weight" rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of PNC Financial Services Group from a "hold" rating to a "buy" rating and set a $164.00 price objective for the company in a research note on Tuesday, December 26th. (NYSE:PNC) or 19,854 shares. (NASDAQ:FFIV). Royal Financial Bank Of Scotland Grp Public Limited Company reported 1,900 shares or 0.06% of all its holdings.

Several analysts have released their opinion on The PNC Financial Services Group, Inc. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 1.14. The stock has a market cap of $70,474.47, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 1.38 and a beta of 0.91.

PNC Financial Services Group today reported first-quarter net income of $1.239 billion, or $2.43 per diluted common share.

Per-share earnings for the recently ended quarter were $2.43, in line with expectations of analysts polled. The PNC Financial Services Group, Inc.

Total revenue growth rose $4.111 billion, or 3% decrease, from the fourth quarter of $4.260 billion. PNC's profit will be $1.14 billion for 15.50 P/E if the $2.41 EPS becomes a reality. The business's revenue was up 10.0% compared to the same quarter last year. equities analysts predict that PNC Financial Services Group will post 10.54 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, May 5th. Earnest Ptnrs Ltd Liability Corp invested in 0% or 254 shares. On Friday, April 6 the stock rating was upgraded by Vining Sparks to "Buy".

On 4/4/2017 announced a quarterly dividend of $0.55 1.86% with an ex dividend date of 4/12/2017 which will be payable on 4/17/2017. Dorsey And Whitney Ltd Limited Liability Company holds 0.21% of its portfolio in The PNC Financial Services Group, Inc.

On 1/17/2018 Michael J Hannon, Insider, sold 8,011 with an average share price of $154.20 per share and the total transaction amounting to $1,235,296.20. About 1.38M shares traded or 74.15% up from the average. Following the transaction, the insider now owns 58,820 shares of the company's stock, valued at $9,070,044. Analysts have predicted that PNC will grow it's earning at a 12.47% annual rate in the next 5 years. Out of 7 Wall Street analysts rating PNC, 3 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". Ferguson Wellman Capital Management has invested 0.09% in The PNC Financial Services Group, Inc. It also increased its holding in Kosmos Energy Ltd (NYSE:KOS) by 116,464 shares in the quarter, for a total of 30.62 million shares, and has risen its stake in Bwx Technologies Inc. Barclays Capital maintained The PNC Financial Services Group, Inc. Lazard Asset Management LLC now owns 229,404 shares of the financial services provider's stock worth $33,100,000 after purchasing an additional 62,048 shares in the last quarter.

Since January 1, 0001, it had 0 insider buys, and 5 selling transactions for $11.83 million activity. Brookstone Mngmt has invested 0.02% in The PNC Financial Services Group, Inc. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & global copyright & trademark laws.

The PNC Financial Services Group, Inc. operates as a diversified financial services firm in the United States and internationally. The companyƂ's Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management services to consumer and small business clients through branch network, ATMs, call centers, online banking, and mobile channels.


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