Stephens Rates The PNC Financial Services (PNC) buy

Stephens analyst Matt Olney raises PNC Financial's rating to 'Buy' with a $265 price target, a 14.20% upside from the current price.

By EarningsIQ Research Desk · Published Jun 15, 2026, 2:01 PM EDT · Updated Jun 22, 2026, 9:01 AM EDT

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Stephens rated The PNC Financial Services Group, Inc. ($PNC) "buy" with a $265 price target on June 15, 2026.

Since the rating, $PNC is up 1.8% after 1 week, up 10.2% after 1 month and down 4.1% to date (from the $226.65 close on Jun 15, 2026).

PNC The PNC Financial Services Group, Inc.

$217.39 +6.19% year to date

Daily close · Oct 16, 2026

Key Points

Stephens raised PNC Financial's rating to 'Buy' with a new price target of $265 on June 15, 2026.
Stephens's $265 price target implies 14.20% upside from The PNC Financial Services Group, Inc.'s ($PNC) current $232.04 share price.
PNC Financial shares are trading near $237.66 with a market cap of $95.4 billion and a P/E ratio of 13.8.
Insider transactions included sales by executives and recent 'Buy' ratings from several analysts, with a consensus target price of $255.32.

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Stephens analyst Matt Olney has upgraded The PNC Financial Services Group, Inc. (NYSE: PNC) to a 'Buy' rating, setting a price target of $265. This update was announced on June 15, 2026, as the company's shares traded around $237.66.

Analysts Set New Price Targets

On June 15, 2026, Stephens & Co. reinstated its coverage on PNC Financial with a 'Buy' rating and a $265 price target. Citigroup maintained its 'Buy' rating on May 8, 2026, with a target of $255. JP Morgan also kept a 'Buy' rating on April 30, 2026, with a $238 target. Oppenheimer maintained a 'Buy' with a $268 target on April 16, 2026.

Other Institutional Activity in PNC Financial

Institutional investors have been active in PNC Financial. BlackRock, Inc. slightly trimmed its position by 260,382 shares, holding 31,975,872 shares valued at about $6.65 billion. Vanguard Capital Management LLC added 26,205,842 shares, now holding the same amount. State Street Corp increased its position by 349,915 shares to a total of 17,669,349 shares worth approximately $3.68 billion. FMR LLC reduced its holdings by 229,013 shares, ending with 15,689,129 shares valued at $3.26 billion.

The PNC Financial Services Group, Inc. Stock Up 8.0%

Shares of PNC Financial are currently trading near $237.66. The company has a market cap of $95.4 billion and a P/E ratio of 13.8, with a forward P/E of 11.3. PNC's beta stands at 0.918, indicating less volatility compared to the market. The stock's 52-week range is between $172.88 and $243.94, with a 50-day moving average of $220.94 and a 200-day moving average of $208.91.

12-month forecast

$PNC price target

The PNC Financial Services Group, Inc. daily closes and this analyst's $265 target. Not advice.

Recent Earnings

PNC Financial reported revenue of $23.04 billion, showing a growth of 13.8%. The company's net margin is 31.3%, and return on equity stands at 12.1%. The next earnings report is expected on July 15, 2026.

Dividend

PNC Financial offers an annual dividend rate of $6.80, yielding 2.86%. The payout ratio is 38.93%.

Insider Buying and Selling at The PNC Financial Services Group, Inc.

Recent insider transactions at PNC Financial included sales by Executive Vice Presidents Alexander Overstrom and Stephanie Novosel on June 8 and June 5, 2026, respectively. Andrew Feldstein also sold 45,000 shares on May 26, 2026. On April 22, 2026, insiders Martin Pfinsgraff, Bryan Scott Salesky, and Renu Khator each bought 844 shares.

About The PNC Financial Services Group, Inc.

The PNC Financial Services Group, Inc. is a diversified financial services company headquartered in Pittsburgh, Pennsylvania. Led by CEO William S. Demchak, PNC operates through segments like Retail Banking, Corporate & Institutional Banking, and Asset Management. It offers products and services ranging from checking accounts to investment management, catering to consumers, businesses, and institutions.

Bottom Line

Stephens' upgrade to 'Buy' with a $265 target reflects optimism in PNC Financial's growth potential. Investors should note that analyst ratings and price targets are based on projections and may not reflect current conditions. As always, 13F filings and analyst reports are backward-looking and should be considered as part of a broader investment analysis.