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PNC

PNC Financial

$145.58

-1.63 (-1.11%)

07:39
06/14/18
06/14
07:39
06/14/18
07:39

PNC Financial EPS view cut at RBC Capital on reduced mortgage banking outlook

RBC Capital analyst Gerard Cassidy lowered his PNC Financial FY18 EPS view to $10.51 from $10.60 and FY19 view to $11.32 from $11.46 after the recent commentary by the management that its Q2 mortgage banking revenues are tracking to be 12% lower than in Q1. The analyst keeps his Top Pick rating and $170 price target however, saying the bank is well positioned for higher interest rates that would expand its net interest income and also has a high 42% of the total component for its non-interest income. Cassidy adds that the regulatory environment benefits could also exceed his expectations.

  • 13

    Jul

  • 12

    Oct

PNC PNC Financial
$145.58

-1.63 (-1.11%)

01/16/18
RBCM
01/16/18
NO CHANGE
Target $170
RBCM
Top Pick
PNC Financial price target raised to $170 from $145 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target to $170 after the bank's above-consensus Q4 earnings driven by "stronger noninterest income and a lower loan loss provision". The analyst also noted a 0.9% increase in PNC's average loan and the expected positive impact from lower U.S. corporate tax rates. Cassidy keeps his Top Pick rating on PNC, forecasting continued strong results in 2018-2019, assuming 2-3 interest rate increases in each year.
01/16/18
RBCM
01/16/18
NO CHANGE
Target $170
RBCM
Top Pick
PNC Financial price target raised to $170 from $145 at RBC Capital
RBC Capital analyst Gerard Cassidy raised his price target to $170 after the bank's above-consensus Q4 earnings driven by "stronger noninterest income and a lower loan loss provision". The analyst also noted a 0.9% increase in PNC's average loan and the expected positive impact from lower U.S. corporate tax rates. Cassidy keeps his Top Pick rating on PNC, forecasting continued strong results in 2018-2019, assuming 2-3 interest rate increases in each year.
04/16/18
BARD
04/16/18
NO CHANGE
Target $153
BARD
Outperform
PNC Financial weakness overdone, says Baird
Baird analyst David George said PNC Financial posted a clean quarter and he would be a buyer of the shares on the post-earnings weakness. The analyst noted fees were down seasonally, but the bank posted good year-over-year growth. George maintained his Outperform rating and $153 price target on PNC Financial shares.
05/30/18
BARD
05/30/18
NO CHANGE
Target $153
BARD
Outperform
PNC Financial added as Fresh Pick at Baird
Baird analyst David George said the weakness in PNC Financial is a buying opportunity and said it screens as one of the better values among regional banks. The analyst likes the bank's competitive positioning, solid intermediate-term outlook, and its current valuation. George reiterated his Outperform rating and $153 price target on PNC Financial shares.

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$132.97

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GLD

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$6.15

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DO

Diamond Offshore

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TSM

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$43.57

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ZTCOY

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AKCA

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NOV

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