Pnc Financial Services Group, Inc. (PNC)
Financials · Diversified Banks · US stock · S&P 500 component
$225.53
▲ +2.64 (1.18%)
Fair valueUndervalued
$274 +21.6% to fair value
$137fair band $233–$332$411
Day's range
$221.56 – $225.65
52-week range
$177.08 – $258.96
About Pnc Financial Services Group, Inc.
Based in Pittsburgh, PNC Financial Services is a diversified bank holding company. Through PNC Bank it offers retail banking to consumers and small businesses, corporate and institutional banking to larger companies, and asset management and wealth services to individuals and institutions. It serves customers through branches, digital banking and commercial relationships in many parts of the United States.
PNC earns money from the interest margin between loans and deposits and from fees for payments, advisory work and asset management. Sales for the last twelve months were $25.0 billion, and growth over the last three years was 3.0% a year. The operating margin is 37.5%, and the business earns a profit of 6% on the capital invested in it. The company pays a dividend with a yield of 3.3%. On the site's X-Ray Score it receives 49 out of 100.
Price chart
52-wk range $177.08 – $258.96Volume 2,041,386Daily, split-adjusted
Vitals
Market cap$90.9B
52-week range$177.08 – $258.96
Volume (last day)2,041,386
P/E (TTM)11.8
EBIT / EV yield6.3%
Free-cash-flow yield–
Dividend yield3.3%
Revenue (TTM)$25.0B
Net income (TTM)$7.7B
Operating margin37.5%
Return on capital6.3%
Debt incl. leases$85.7B
Cash & securities$28.7B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$274middle half of models $215 – $280
Undervalued
+21.6% to fair value
Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $226
Undervalued < $233Fair $233 – $332Overvalued > $332
P/E multiple
$225
P/B multiple
$216
P/S multiple
$211
Dividend discount, stable
$445
Dividend discount, multi-stage · not used
$874
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Fair
68/100
Priced about in line with its sector.
See the numbers →
EBIT / EV yield6.3%
Fair value vs price1.2×
Growth
Weak
36/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.0%
EPS growth (3y)6.2%
Growth consistency90%
Profitability
Weak
34/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.3%
Operating margin37.5%
Financial health
Fair
54/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score8 / 9
Net debt / EBITDA5.8×
Interest coverNo interest cost
Dividends
Fair
61/100
Dividend is typical for its sector.
See the numbers →
Dividend yield3.3%
Dividend growth3.3%
Quarterly results: last 6 quarters
+6.0%
Mar '25
+4.6%
Jun '25
+8.9%
Sep '25
+9.1%
Dec '25
+13.1%
Mar '26
+21.4%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $6.9B, diluted EPS $4.81.
Compare with peers
USB Us Bancorp De63 JPM Jpmorgan Chase & Co49 BAC Bank Of America Corp48 WFC Wells Fargo & Company38Other Diversified Banks companies by X-Ray Score.
SWOT analysis: Pnc Financial Services Group, Inc.
Strengthsinside the company
- Operating profit covers interest 50x, so debt costs are a small drag.
- Passes 8 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Net debt is 5.8x EBITDA, above the 3x level that lenders usually watch.
Opportunitiesvaluation and setting
- Revenue growth picked up to 7.2% last year from 3.0% a year over three years.
- The price is 22% below our fair value estimate, with the gap larger than the margin we allow for error.
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare PNC with peers and sector
Medians of 6 Diversified Banks peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): JPM 49, BAC 48, WFC 38, C 24, USB 63, TFC 38.
| Metric | PNC | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 49 | 43 | 50 |
| Valuation | 68 | 50 | 52 |
| Growth | 36 | 28 | 54 |
| Profitability | 34 | 43 | 49 |
| Financial health | 54 | 46 | 50 |
| Dividends | 61 | 52 | 54 |
Sector leaders: highest X-Ray Score in Financials
PNC ranks #39 of 71 in Financials and #2 of 7 in Diversified Banks by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for PNC
Each factor is rated by where PNC stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 2 Good · 4 Average · 2 Bad of 8
Growth: 0 · 1 · 2
Profitability: 1 · 1 · 0
Valuation: 1 · 2 · 0
| Factor | PNC | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +3.0% | Bad beats 16% | +8.3% | – | – |
| Revenue growth, last year | +7.2% | Average beats 54% | +6.9% | +7.2% | ≈ In line |
| EPS growth, 3 years a year | +6.2% | Bad beats 28% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 30.6% | Good beats 82% | 21.8% | 28.9% | ≈ In line |
| Return on equity | 12.0% | Average beats 34% | 15.7% | 11.0% | ≈ In line |
| Valuation | |||||
| P/E ratio | 11.9x | Average beats 65% | 13.8x | 11.8x | ≈ In line |
| Price / book | 1.4x | Good beats 69% | 2.2x | 1.4x | ≈ In line |
| Price / sales | 3.6x | Average beats 42% | 3.1x | 3.6x | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 2 Average · ● 5 BadCash quality
Earnings backed by cashBad
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyAverage
Balance sheet
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceGood
EBIT / EV yieldAverage
Profitability
Return on invested capitalBad
Operating marginGood
Each check is graded against the company's sector, not a fixed number. Checklist score 42/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $19.2B | $21.1B | $21.5B | $21.6B | $23.1B |
| Operating income | $7.5B | $9.9B | $17.1B | $7.2B | $8.5B |
| Net income | $5.7B | $6.1B | $5.6B | $6.0B | $7.0B |
| Operating cash flow | $7.2B | $9.1B | $10.1B | $7.9B | $4.4B |
| Operating margin | 38.9% | 46.9% | 79.7% | 33.6% | 36.7% |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $12.70 | $13.85 | $12.79 | $13.74 | $16.59 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Neutral
6 bullish · 1 neutral · 5 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
| SMA 10 | 218.8 | Bullish |
| EMA 10 | 220.2 | Bullish |
| SMA 20 | 219.0 | Bullish |
| EMA 20 | 221.3 | Bullish |
| SMA 50 | 231.1 | Bearish |
| EMA 50 | 227.6 | Bearish |
| SMA 100 | 236.2 | Bearish |
| EMA 100 | 229.3 | Bearish |
| SMA 200 | 224.8 | Bullish |
| EMA 200 | 222.6 | Bullish |
Oscillators (daily)
| RSI (14) | 54.97 | Neutral |
| MACD (12, 26) | -2.64 | Bearish |
| Momentum (12) | 3.38 | Bullish |
| Stochastic %K (14) | 99.30 | Bearish |
| Williams %R (14) | -0.70 | Bearish |
| CCI (20) | 172.9 | Bearish |
Pivot points (classic, last session)
S3 218.7 | S2 220.2 | S1 222.8 | Pivot 224.2 | R1 226.9 | R2 228.3 | R3 231.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.40 USD
Yield on today's price
3.28%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 2.0000 | |
| 2.0000 | |
| 1.7000 | |
| 1.7000 | |
| 1.7000 | |
| 1.7000 | |
| 1.6000 | |
| 1.6000 | |
| 1.6000 | |
| 1.6000 | |
| 1.5500 | |
| 1.5500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold PNC
| ETF | Share of the fund |
|---|---|
| KBWB Invesco KBW Bank | 3.90% |
| GRNY Fundstrat Granny Shots US Large Cap | 2.63% |
| RDVI FT Cboe Vest Rising Dividend Achievers... | 1.57% |
| RDVY First Trust Rising Dividend Achievers | 1.55% |
| IYF iShares U.S. Financials | 1.53% |
| NULV Nuveen ESG Large-Cap Value | 1.51% |
| PWV Invesco Dynamic Large Cap Value | 1.49% |
| HDV iShares Core High Dividend | 1.35% |
The eight funds with the largest weight in PNC among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
PNC stock splits
PNC has split its stock once since 1992. The latest was a 2-for-1 split on 16 Nov 1992.
Full PNC stock split history →PNC SEC filings
424B5SEC EDGAR
424B5
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Other events
424B5SEC EDGAR
424B5
8-KSEC EDGAR
Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.