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%