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PNC Financial Services Group Inc PNC

Morningstar Rating
$156.30 −1.76 (1.11%)
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Company Report

PNC Earnings: Expenses Are Well-Managed; Net Interest Income Will Worsen Before Seeing Improvement

Narrow-moat-rated PNC Financial reported decent results in the first quarter as earnings came in at $3.10 per share, compared with FactSet’s consensus estimate of $3.01 per share. Included in the results was an incremental $130 million FDIC special assessment charge related to the FDIC increasing its estimated loss from the March 2023 banking events. We do not anticipate a significant change to our $175 per share fair value estimate as we incorporate first-quarter results.

Price vs Fair Value

PNC is trading at a 11% discount.
Price
$155.93
Fair Value
$871.00
Uncertainty
Medium
1-Star Price
$515.41
5-Star Price
$895.80
Economic Moat
Thqxgm
Capital Allocation
Bdclrbr

Bulls Say, Bears Say

Bulls

PNC's acquisition of BBVA seems likely to add value to the franchise and for shareholders. It will make PNC one of the regional banks with the most scale and could drive above-market fee growth for several years.

Bears

There are few positive catalysts left for the banks. Funding costs are running higher, net interest income has likely peaked, higher regulatory scrutiny is likely, and a potential economic slowdown may be around the corner.

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News

Trading Information

Previous Close Price
$158.06
Day Range
$154.45158.00
52-Week Range
$109.40162.24
Bid/Ask
$151.76 / $156.29
Market Cap
$62.21 Bil
Volume/Avg
1.2 Mil / 2.1 Mil

Key Statistics

Price/Earnings (Normalized)
11.09
Price/Sales
2.97
Dividend Yield (Trailing)
3.97%
Dividend Yield (Forward)
3.97%
Total Yield
4.86%

Company Profile

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.
Sector
Financial Services
Industry
Banks - Regional
Stock Style Box
Large Value
Total Number of Employees
56,411

Competitors

Valuation

Metric
PNC
KEY
USB
Price/Earnings (Normalized)
11.0913.169.62
Price/Book Value
1.211.141.33
Price/Sales
2.972.262.34
Price/Cash Flow
7.994.247.60
Price/Earnings
PNC
KEY
USB

Financial Strength

Metric
PNC
KEY
USB
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
PNC
KEY
USB
Return on Assets (Normalized)
1.13%0.92%0.99%
Return on Equity (Normalized)
14.50%15.45%14.38%
Return on Invested Capital (Normalized)
Return on Assets
PNC
KEY
USB
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Banks - Regional Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
BNPQY
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ISNPY
Intesa Sanpaolo ADRTbtmjzthdGxndy$68.4 Bil
USB
U.S. BancorpNfjvjsscFghl$63.9 Bil
ITUB
Itau Unibanco Holding SA ADRGlmpfsxhPzyp$56.4 Bil
TFC
Truist Financial CorpYdwlwtmxhJwccyzx$50.8 Bil
MFG
Mizuho Financial Group Inc ADRKppsbddBwlnx$48.9 Bil
LYG
Lloyds Banking Group PLC ADRJtcwxbyCwbxvmc$40.8 Bil
DB
Deutsche Bank AGVgdsVzkc$35.5 Bil
NWG
NatWest Group PLC ADRLhhsKnf$31.5 Bil

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