PNC stock: Oppenheimer raises target from USD 263.00 to USD 269.00

Published on 10/20/2026 at 16:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PNC revenue fell 5.00 percent to USD 6.56 billion in the third quarter of 2026. PNC stock costs EUR 196.50 on October 20, 2026.

Analyst target and results

Oppenheimer raised its PNC target from USD 263.00 to USD 269.00 on October 16, 2026.
PNC reported USD 6.56 billion in third-quarter 2026 revenue, down 5.00 percent from the second quarter.
PNC stock was trading at EUR 196.50 at Lang & Schwarz on October 20, 2026 at 4:33 p.m. CEST.

PNC, US6934751057, Illustration mit AI erstellt.

The PNC Financial Services Group, Inc. (ISIN US6934751057) was the subject of a higher Oppenheimer valuation after the bank's quarterly results. According to Markets Insider on October 16, 2026, Oppenheimer raised its target for PNC from USD 263.00 to USD 269.00 and maintained an Outperform rating. PNC was trading at EUR 196.50 at Lang & Schwarz on October 20, 2026 at 4:33 p.m. CEST.

Oppenheimer target reaches USD 269.00

The new target stands 21.91 percent above PNC's NYSE quote of USD 220.66 at 10:44 a.m. ET on October 20, 2026. That calculation uses the target and the same-currency US share price, rather than comparing the USD target with the euro quotation.

Oppenheimer's note followed PNC's third-quarter report. The analyst cited steady loan growth, additional room for market-share gains and a lower revenue weighting toward trading activities, according to Markets Insider.

Revenue fell 5.00 percent

For the third quarter ended September 30, 2026, PNC reported total revenue of USD 6.56 billion, down USD 313.00 million or 5.00 percent from the second quarter. The decline came as higher net interest income was more than offset by lower noninterest income, according to PNC on October 15, 2026.

Net interest income increased 2.00 percent to USD 4.21 billion from the second quarter, while net interest margin declined to 2.94 percent from 2.96 percent. Adjusted diluted earnings per share reached USD 5.09, compared with USD 4.85 in the second quarter, after excluding integration costs and significant items.

Capital return and valuation

PNC reported net income of USD 2.10 billion for the third quarter and a return on average tangible common equity of 18.28 percent. The release also showed a quarterly cash dividend of USD 2.00 per common share, payable on November 5, 2026, to shareholders of record on October 14, 2026.

At the NYSE quote of USD 220.66 on October 20, 2026, PNC carried a trailing P/E ratio of 11.73 and a market capitalization of USD 88.0 billion. The valuation sits below JPMorgan's P/E of 14.21 and above U.S. Bancorp's P/E of 11.49, while PNC's market value was USD 88.0 billion versus USD 900.8 billion and USD 91.8 billion, respectively.

Next dated shareholder payment

The next dated event in the published schedule is the USD 2.00 cash dividend payment on November 5, 2026. The payment date and record-date information were included in PNC's October 15, 2026 earnings release.

Euro quote at Lang & Schwarz

The euro quotation gives German investors a separate trading reference from the NYSE price. PNC was trading at EUR 196.50 at Lang & Schwarz on October 20, 2026 at 4:33 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of PNC stock.