PNC Financial Services (PNC) stock
Financials · Diversified Banks
PNC Financial Services (PNC) is a Diversified Banks company in the Financials sector, headquartered in Pittsburgh, Pennsylvania. As of October 23, 2026, PNC closed at $224.46, a market capitalization of $89.55 billion, the 137th largest company in the S&P 500. Over the last twelve months it generated $24.94 billion in revenue (+11% year over year) and $7.49 billion in free cash flow. The stock trades at 12.0x trailing earnings and 10.5x forward earnings.
- 1-year total return: +27.4% (dividends reinvested)
- 5-year return: +4.6% a year
- 52-week range: $177.08 – $258.96
- Gross margin 0.0%, operating margin 41.1%
- Dividend yield: 3.56%, 15 straight years of increases
- FI Handbook report card: B across 9 metrics
- 24th largest of 76 Financials stocks in the S&P 500
PNC price chart
1Y price change: +23.4% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| PNC | +1.1% | +11.1% | +27.4% | +31.6% | +4.6% | +12.9% | +12.2% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1975.
PNC key statistics
- Market cap
- $89.5B
- #137 in S&P 500
- P/E (TTM)
- 12.0x
- Forward P/E
- 10.5x
- EPS (TTM)
- $18.78
- Revenue (TTM)
- $24.9B
- +11%
- Free cash flow
- $7.5B
- Gross margin
- 0.0%
- Operating margin
- 41.1%
- Return on equity
- 13.1%
- Dividend yield
- 3.56%
- 52-week range
- $177.08 – $258.96
- Beta
- 0.93
- Price / sales
- 3.6x
- EV / EBITDA
- —
- Debt / equity
- —
- Employees
- 55,572
PNC report card
BTen fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth10.9%B
- Gross margin0.0%F
- Operating margin41.1%A
- FCF margin30.0%A
- Return on equity13.1%C
- Net debt / EBITDA——
- Forward P/E10.5xA
- PEG ratio1.7xC
- Shareholder yield5.1%A
- Share count change / yr-1.5%B
PNC Financial Services Group, I financials
Revenue went from $15.2B in fiscal 2016 to $23.1B in fiscal 2025, growing 4.8% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.2B | $16.3B | $16.2B | $16.8B | $16.9B | $19.2B | $21.1B | $21.5B | $21.6B | $23.1B |
| Net income | $4.0B | $5.4B | $5.3B | $5.4B | $7.6B | $5.7B | $6.1B | $5.6B | $6.0B | $7.0B |
| EPS (diluted) | $7.30 | $10.36 | $10.71 | $11.39 | $16.96 | $12.70 | $13.85 | $12.79 | $13.74 | $16.59 |
| Buybacks | $2.1B | $2.4B | $2.9B | $3.6B | $1.6B | $1.1B | $3.7B | $651.0M | $687.0M | $1.3B |
| Dividends paid | $1.1B | $1.3B | $1.6B | $1.9B | $2.0B | $2.1B | $2.4B | $2.5B | $2.5B | $2.6B |
| Diluted shares | 500.0M | 486.0M | 470.0M | 448.0M | 427.0M | 426.0M | 412.0M | 401.0M | 400.0M | 396.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into PNC?
A reverse DCF asks what growth the current price requires. With an enterprise value of $162.8B and $7.5B of trailing free cash flow, PNC Financial Services Group, I needs to grow free cash flow about 12.7% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return.
P/E ratio history
Current 13.5x vs. median 12.6x (10th–90th percentile 9.9x–16.4x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
PNC dividend
- Dividend yield
- 3.56%
- Annual dividend
- $8.00
- Years of increases
- 15
- 5-yr dividend growth
- 7.5%
- per year
- Payout ratio
- 37%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
PNC analyst price targets
21 analysts' average 12-month target is $263.00 (+17% vs. $224.46). Targets range from $238.00 to $286.00. 70% rate it a buy.
PNC earnings
Next report: January 15, 2027. PNC Financial Services Group, I has beaten EPS estimates 8 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 15, 2026 | $4.89 | $4.97 | +1.6% |
| Jul 15, 2026 | $4.45 | $4.81 | +8.0% |
| Apr 15, 2026 | $3.95 | $4.13 | +4.6% |
| Jan 16, 2026 | $4.21 | $4.88 | +15.9% |
| Oct 15, 2025 | $4.05 | $4.35 | +7.5% |
| Jul 16, 2025 | $3.55 | $3.85 | +8.5% |
| Apr 15, 2025 | $3.38 | $3.51 | +4.0% |
| Jan 16, 2025 | $3.35 | $3.77 | +12.7% |
Stocks like PNC
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 BAC Bank of America | -1.02% | -0% | $350.0B | 12.1x | Compare |
 WFC Wells Fargo & | -0.75% | -0% | $247.3B | 11.6x | Compare |
 C Citigroup | -1.54% | +27% | $199.7B | 11.8x | Compare |
 USB U.S. Bancorp | -0.73% | +29% | $92.8B | 11.6x | Compare |
 TFC Truist Financial | +0.04% | +16% | $59.2B | 12.5x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
PNC news
- PNC Executive to Speak at BancAnalysts Association of Boston Conference · Oct 23, 2026
- Q3 earnings highlights: PNC Financial Services Group (NYSE:PNC) vs the rest of the diversified banks stocks · Oct 22, 2026
- PNC Financial Services Group (PNC) In OCC Report On De Banking By Belief · Oct 22, 2026
- PNC Financial Looks Like a Dividend Deal, but There’s a Catch · Oct 20, 2026
- PNC Q3 Deep Dive: Expansion Markets and Lending Momentum Drive Mixed Results · Oct 19, 2026
PNC stock FAQ
What is PNC's market cap?
PNC Financial Services's market capitalization is $89.55 billion as of October 23, 2026, ranking 137th in the S&P 500.
What is PNC's P/E ratio?
PNC trades at a trailing price-to-earnings ratio of 12.0x and a forward P/E of 10.5x. Its median P/E over the period we track is 12.6x.
Does PNC pay a dividend?
Yes. PNC Financial Services pays $8.00 per share a year, a 3.56% yield. It has raised its dividend 15 years in a row. Dividends grew 7.5% a year over the last five years.
How much has PNC stock returned?
Including reinvested dividends, PNC returned +27.4% over one year, +4.6% a year over five years, +12.9% a year over ten years through October 23, 2026.
Is PNC stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies PNC Financial Services must grow free cash flow about 13% a year for the next decade. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the PNC price target?
21 analysts cover PNC with an average 12-month price target of $263.00, +17% from the current price. 70% of them rate it a buy.
When does PNC report earnings?
PNC Financial Services is expected to report earnings on January 15, 2027. It has beaten EPS estimates 8 quarters in a row.
How many employees does PNC Financial Services have?
PNC Financial Services has about 55,572 full-time employees, or $448,859 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology