Financial Wire

Research Alert: CFRA Maintains Buy Opinion On Shares Of The Pnc Financial Services Group, Inc.

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

After reviewing Q1 2026 earnings, we increase our 12-month target price by $10 to $300, 14.3x our 2027 EPS estimate, a premium to the peer average of 10.0x given PNC's more stable operating model. With the FirstBank acquisition off to a strong start, we raise our 2026 EPS estimate by $0.97 to $18.96 and increase 2027's by $1.45 to $20.92. PNC is performing well, with balance sheet growth exceeding its competitors and strong organic growth prospects driven by branch expansion into high-growth states. The company's solid first-quarter performance enabled it to raise guidance for both loan growth and net interest income while holding expense guidance steady, a positive signal for future profitability. Regarding concerns about Non-Depository Financial Institution (NDFI) loan exposure, PNC appears to be well protected. Roughly 90% of these loans carry investment-grade ratings and management considers them among the bank's safest assets. Shares yield a healthy 3.0%

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