Citigroup cuts PNC target to USD 270: PNC stock sits 19.22 percent below it

Published on 10/27/2026 at 16:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue rose 11.00 percent to USD 6.56 billion. PNC stock costs EUR 203.00 on October 27, 2026 at 4:45 p.m. CEST while NYSE PNC stood at USD 226.49.

Citigroup target cut and quarterly growth

Citigroup lowered its PNC target from USD 290.00 to USD 270.00 on October 19, 2026.
Third-quarter 2026 revenue rose 11.00 percent year over year to USD 6.56 billion.
PNC stock costs EUR 203.00 at Lang & Schwarz on October 27, 2026 at 4:45 p.m. CEST.
PNC is scheduled to present at the BancAnalysts Association of Boston Conference on November 6, 2026.

PNC, US6934751057, Illustration mit AI erstellt.

Citigroup lowered its PNC target from USD 290.00 to USD 270.00 in a research report dated October 19, 2026, according to MarketBeat. The revised target was 19.22 percent above PNC's USD 226.49 NYSE price at 11:55 a.m. ET on October 27, 2026. At Lang & Schwarz, PNC stock was EUR 203.00 on October 27, 2026 at 4:45 p.m. CEST.

Third-quarter revenue grew 11.00 percent

PNC reported third-quarter 2026 net income of USD 2.10 billion and diluted earnings per share of USD 4.97 on October 15, 2026. Adjusted diluted earnings per share reached USD 5.09, up USD 0.24 from the second quarter, while net income rose from USD 1.82 billion in the third quarter of 2025. The company attributed the quarter's results to higher net interest income, loan growth and lower expenses in its release, which is linked through PNC.

Price position and bank comparisons

Total revenue was USD 6.56 billion in the third quarter, up 11.00 percent from USD 5.92 billion a year earlier but down USD 313 million, or 5.00 percent, from the second quarter. Net interest income rose 15.00 percent year over year to USD 4.21 billion, while net interest margin was 2.94 percent. PNC's market capitalization was USD 90.4 billion and its 52-week range was USD 177.08 to USD 258.96 as of October 27, 2026.

Valuation and the next date

PNC traded at a trailing P/E of 12.05 and a dividend yield of 3.00 percent on October 27, 2026. The company is scheduled to appear at the BancAnalysts Association of Boston Conference on November 6, 2026, according to The PNC Financial Services Group.

Comparison with peers

PNC Financial Services Group: up 0.29 percent on the NYSE, P/E 12.05, market capitalization USD 90.4 billion on October 27, 2026.
JPMorgan Chase: up 0.59 percent on the NYSE, P/E 14.09, market capitalization USD 893.2 billion on October 27, 2026.
Bank of America: up 0.42 percent on the NYSE, P/E 12.10, market capitalization USD 351.2 billion on October 27, 2026.

Investor view from the latest figures

The analyst reset keeps attention on valuation after a quarter that combined double-digit annual revenue growth with a sequential decline. The USD 270.00 target remains above the latest NYSE price, while the third-quarter revenue comparison shows stronger annual momentum than the quarter-to-quarter trend.

PNC stock price in euros

PNC was trading at EUR 203.00 at Lang & Schwarz on October 27, 2026 at 4:45 p.m. CEST. The NYSE price was USD 226.49 at 11:55 a.m. ET on the same date.

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