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

Published on 10/26/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

PNC revenue reached USD 6.56 billion in the third quarter of 2026, up 11.00 percent year over year. PNC stock costs EUR 203.00 on October 26, 2026.

Analyst target and earnings

Oppenheimer raised its PNC target from USD 263.00 to USD 269.00 on October 16, 2026.
PNC reported adjusted diluted earnings per share of USD 5.09 for the third quarter of 2026.
PNC stock costs EUR 203.00 at Lang & Schwarz on October 26, 2026 at 5:02 p.m. CEST.

PNC, US6934751057, Illustration mit AI erstellt.

PNC stock is the subject of a higher Oppenheimer target, which rose from USD 263.00 to USD 269.00 on October 16, 2026. The bank's third-quarter earnings provide the operating backdrop, with adjusted diluted earnings per share of USD 5.09 and revenue of USD 6.56 billion. PNC was trading at EUR 203.00 at Lang & Schwarz on October 26, 2026 at 5:02 p.m. CEST.

Oppenheimer raises its target

Oppenheimer kept its Outperform rating while lifting its target by USD 6.00, or 2.28 percent, from USD 263.00 to USD 269.00. The change followed PNC's third-quarter report and places the analyst target above the latest NYSE quotation. The target revision is the clearest current valuation signal for the bank. MarketScreener reported the target change on October 16, 2026.

Third-quarter earnings set the backdrop

For the third quarter of 2026, PNC reported net income of USD 2.10 billion and diluted earnings per share of USD 4.97. Adjusted diluted earnings per share reached USD 5.09, while revenue increased 11.00 percent from the third quarter of 2025 to USD 6.56 billion. The company said net interest income rose 15.00 percent year over year to USD 4.21 billion, helping offset weaker fee activity.

Loan growth remained a central operating metric. Average loans increased USD 9.00 billion, or 2.00 percent, from the second quarter to USD 372.00 billion in the third quarter. Average deposits rose USD 4.20 billion to USD 461.20 billion, while the efficiency ratio was 57.00 percent. The release also reported USD 1.40 billion returned to shareholders through common dividends and share repurchases.

Valuation and upcoming date

PNC had a market capitalization of USD 90.4 billion and a price-to-earnings ratio of 12.05 as of October 26, 2026. On the NYSE, the stock was at USD 226.51 at 12:10 p.m. ET on October 26, 2026, with a session range of USD 225.68 to USD 228.25. The next dated company event is the BancAnalysts Association of Boston Conference on November 6, 2026.

Comparison with peers

PNC: 12.05 price-to-earnings ratio and USD 90.4 billion market capitalization. Blackstone (NYSE, USD): 26.13 price-to-earnings ratio and USD 136.3 billion market capitalization. Morgan Stanley (NYSE, USD): 14.72 price-to-earnings ratio and USD 290.5 billion market capitalization.

PNC stock remains tied to target revisions

The higher Oppenheimer target adds a concrete valuation marker after the third-quarter figures. The operating data combine stronger lending and net interest income with a lower quarterly revenue total than the second quarter, leaving earnings quality and balance-sheet growth as the main points for investors to assess.

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