PNC Financial, Plaid enter data access agreement (NYSE:PNC)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2024
0mins
Should l Buy PNC?
Source: SeekingAlpha
Partnership Announcement: PNC Financial Services Group and Plaid have established a bilateral data access agreement.
Enhanced Customer Experience: This agreement will enable PNC customers to securely connect and share their financial data with selected financial applications.
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Analyst Views on PNC
Wall Street analysts forecast PNC stock price to rise
17 Analyst Rating
12 Buy
4 Hold
1 Sell
Moderate Buy
Current: 222.060
Low
201.00
Averages
234.40
High
271.00
Current: 222.060
Low
201.00
Averages
234.40
High
271.00
About PNC
The PNC Financial Services Group, Inc. is a diversified financial services company in the United States. It is engaged in the delivery of retail and business banking, including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. Its Retail Banking segment provides deposit, lending, brokerage, insurance services, investment management and cash management products and services to consumer and small business customers. Its Corporate & Institutional Banking segment provides lending, treasury management, capital markets and advisory products and services to mid-sized and large corporations and government and not-for-profit entities. Its Asset Management Group segment provides private banking for high-net worth and ultra-high net worth clients and institutional asset management. The Company's bank subsidiary is PNC Bank.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PNC Financial Services Reports Strong Q1 2026 Earnings Highlights
- Net Interest Income Growth: PNC reported net interest income (NII) of $3.961 billion for Q1 2026, reflecting a 6% increase from the previous quarter, primarily driven by the acquisition of FirstBank and growth in commercial loans, indicating strong performance in the current interest rate environment.
- Significant Loan and Deposit Increases: Average loans reached $350.9 billion, up $23 billion or 7% from the prior quarter, while average deposits grew by $18.8 billion to $458.4 billion, reflecting contributions from FirstBank deposits and strengthening the company's funding base.
- Shareholder Return Strategy: PNC returned $1.4 billion to shareholders in Q1, including $700 million in share repurchases and $700 million in cash dividends, demonstrating the company's commitment to enhancing shareholder value while maintaining capital adequacy.
- Robust Capital Ratios: As of March 31, 2026, PNC's common equity tier 1 capital ratio stood at 10.1%, indicating a strong capital position post-acquisition, ensuring competitiveness in future market conditions.
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- Nvidia's Strong Performance: Nvidia shares rose about 1% as investors returned to tech stocks, positioning the company for an 11th consecutive winning session, marking the longest streak on record and reflecting renewed market confidence in the tech sector.
- Caterpillar Acquisition News: Caterpillar's stock dropped approximately 5% following reports of its acquisition of Monarch Tractor, a self-driving electric tractor company, which, while pressuring short-term stock performance, may enhance its competitive edge in the automated agricultural equipment market.
- Nike Insider Transactions: Nike shares advanced over 3% after CEO Elliott Hill and director Tim Cook disclosed purchases of over 23,000 and 25,000 shares, respectively, totaling around $2.1 million, indicating strong executive confidence in the company's future and potentially attracting more investor interest.
- DoorDash's Technological Outlook: DoorDash shares surged 8% after Barclays analysts highlighted its leadership in autonomous food delivery technology, which is expected to further drive market share growth and strengthen its competitive position in the industry.
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PNC (PNC) Q1 2026 Earnings Call Transcript
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Significant Premarket Moves in US Stocks
- Bank of America Beats Expectations: Bank of America reported Q1 earnings of $1.11 per share and revenue of $30.43 billion, surpassing analyst expectations of $1.01 and $29.93 billion, driven by strong performance in its equity sales and trading unit, which is likely to bolster investor confidence.
- Broadcom and Meta Partnership: Broadcom announced a collaboration with Meta to deliver 1 gigawatt of custom chips, with plans for multiple gigawatts in the future, leading to a stock increase of over 2.5%, which not only strengthens Broadcom's position in the chip market but also enhances its long-term growth potential.
- Morgan Stanley's Strong Earnings: Morgan Stanley's Q1 earnings reached $3.43 per share with revenue of $20.58 billion, exceeding analyst expectations, resulting in a 2% stock increase, reflecting robust growth in trading revenues and boosting investor confidence in its future performance.
- Snap's Layoff Announcement: Snap announced plans to lay off up to 16% of its workforce, resulting in a stock increase of over 5%, as the company aims to reallocate resources towards improving net income profitability, indicating a strategic shift in response to market challenges.
See More
PNC Financial Services Reports Strong Q1 Profit Growth
- Profit Growth: PNC Financial Services reported a first-quarter profit of $1.67 billion, translating to earnings per share of $4.13, which marks a significant increase from last year's $1.39 billion and $3.51 per share, indicating enhanced profitability.
- Adjusted Earnings: Excluding certain items, PNC's adjusted earnings reached $1.75 billion or $4.32 per share, showcasing robust performance in core operations and further solidifying its market position.
- Revenue Increase: The company's revenue rose by 13% year-over-year to $6.16 billion, up from $5.45 billion last year, reflecting PNC's ability to capture greater market share amid recovering demand.
- Financial Health: PNC's strong financial results not only boost investor confidence but also provide ample funding for future expansion and investments, signaling the company's sustained growth potential in the competitive financial services sector.
See More
PNC Financial Services to Host Q1 2026 Earnings Call
- Earnings Call Scheduled: PNC Financial Services Group will host a conference call on April 15, 2026, at 10:00 AM ET to discuss its Q1 2026 earnings results, aiming to provide investors with the latest financial insights and company strategies.
- Live Webcast Access: Investors can access the live webcast of the earnings call by visiting the PNC investor relations website, ensuring transparency and enhancing communication with shareholders.
- Dial-in Participation: Participants can join the call by dialing (866) 604-1697 for the US or (215) 268-9875 for international access, facilitating global investor engagement and improving interaction between the company and its investors.
- Replay Information Provided: After the call, investors can listen to a replay by dialing (877) 660-6853 (US) or (201) 612-7415 (International), ensuring that those unable to attend live can still access key information.
See More
PNC Financial Services Reports Strong Q1 2026 Earnings Highlights
- Net Interest Income Growth: PNC reported net interest income (NII) of $3.961 billion for Q1 2026, reflecting a 6% increase from the previous quarter, primarily driven by the acquisition of FirstBank and growth in commercial loans, indicating strong performance in the current interest rate environment.
- Significant Loan and Deposit Increases: Average loans reached $350.9 billion, up $23 billion or 7% from the prior quarter, while average deposits grew by $18.8 billion to $458.4 billion, reflecting contributions from FirstBank deposits and strengthening the company's funding base.
- Shareholder Return Strategy: PNC returned $1.4 billion to shareholders in Q1, including $700 million in share repurchases and $700 million in cash dividends, demonstrating the company's commitment to enhancing shareholder value while maintaining capital adequacy.
- Robust Capital Ratios: As of March 31, 2026, PNC's common equity tier 1 capital ratio stood at 10.1%, indicating a strong capital position post-acquisition, ensuring competitiveness in future market conditions.
See More
Tech Stocks Rebound, Nvidia on 11-Day Winning Streak
- Nvidia's Strong Performance: Nvidia shares rose about 1% as investors returned to tech stocks, positioning the company for an 11th consecutive winning session, marking the longest streak on record and reflecting renewed market confidence in the tech sector.
- Caterpillar Acquisition News: Caterpillar's stock dropped approximately 5% following reports of its acquisition of Monarch Tractor, a self-driving electric tractor company, which, while pressuring short-term stock performance, may enhance its competitive edge in the automated agricultural equipment market.
- Nike Insider Transactions: Nike shares advanced over 3% after CEO Elliott Hill and director Tim Cook disclosed purchases of over 23,000 and 25,000 shares, respectively, totaling around $2.1 million, indicating strong executive confidence in the company's future and potentially attracting more investor interest.
- DoorDash's Technological Outlook: DoorDash shares surged 8% after Barclays analysts highlighted its leadership in autonomous food delivery technology, which is expected to further drive market share growth and strengthen its competitive position in the industry.
See More
PNC (PNC) Q1 2026 Earnings Call Transcript
See More
Significant Premarket Moves in US Stocks
- Bank of America Beats Expectations: Bank of America reported Q1 earnings of $1.11 per share and revenue of $30.43 billion, surpassing analyst expectations of $1.01 and $29.93 billion, driven by strong performance in its equity sales and trading unit, which is likely to bolster investor confidence.
- Broadcom and Meta Partnership: Broadcom announced a collaboration with Meta to deliver 1 gigawatt of custom chips, with plans for multiple gigawatts in the future, leading to a stock increase of over 2.5%, which not only strengthens Broadcom's position in the chip market but also enhances its long-term growth potential.
- Morgan Stanley's Strong Earnings: Morgan Stanley's Q1 earnings reached $3.43 per share with revenue of $20.58 billion, exceeding analyst expectations, resulting in a 2% stock increase, reflecting robust growth in trading revenues and boosting investor confidence in its future performance.
- Snap's Layoff Announcement: Snap announced plans to lay off up to 16% of its workforce, resulting in a stock increase of over 5%, as the company aims to reallocate resources towards improving net income profitability, indicating a strategic shift in response to market challenges.
See More
PNC Financial Services Reports Strong Q1 Profit Growth
- Profit Growth: PNC Financial Services reported a first-quarter profit of $1.67 billion, translating to earnings per share of $4.13, which marks a significant increase from last year's $1.39 billion and $3.51 per share, indicating enhanced profitability.
- Adjusted Earnings: Excluding certain items, PNC's adjusted earnings reached $1.75 billion or $4.32 per share, showcasing robust performance in core operations and further solidifying its market position.
- Revenue Increase: The company's revenue rose by 13% year-over-year to $6.16 billion, up from $5.45 billion last year, reflecting PNC's ability to capture greater market share amid recovering demand.
- Financial Health: PNC's strong financial results not only boost investor confidence but also provide ample funding for future expansion and investments, signaling the company's sustained growth potential in the competitive financial services sector.
See More
PNC Financial Services to Host Q1 2026 Earnings Call
- Earnings Call Scheduled: PNC Financial Services Group will host a conference call on April 15, 2026, at 10:00 AM ET to discuss its Q1 2026 earnings results, aiming to provide investors with the latest financial insights and company strategies.
- Live Webcast Access: Investors can access the live webcast of the earnings call by visiting the PNC investor relations website, ensuring transparency and enhancing communication with shareholders.
- Dial-in Participation: Participants can join the call by dialing (866) 604-1697 for the US or (215) 268-9875 for international access, facilitating global investor engagement and improving interaction between the company and its investors.
- Replay Information Provided: After the call, investors can listen to a replay by dialing (877) 660-6853 (US) or (201) 612-7415 (International), ensuring that those unable to attend live can still access key information.
See More
