PNC Financial Services Beats Q2 Expectations, Analysts Raises Earnings Estimates For 2024 And 2025
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Shares of PNC Financial Services Group Inc (NYSE:PNC) were climbing in early trading on Wednesday, after the company reported strong second-quarter results.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
- RBC Capital Markets analyst Gerard Cassidy reiterated an Outperform rating and lifted the price target from $155 to $184.
- Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and raised the price target from $165 to $182.
Check out other analyst stock ratings.
RBC Capital Markets: Excluding one-time items, PNC Financial Services’ core earnings came in at $3.30 per share, surpassing estimates of $3.07 per share, Cassidy said in a note. “Relative to our estimates, 2Q24 results primarily reflected better-than-expected net interest income, stronger …
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