PNC Financial Services Beats Q2 Expectations, Analysts Raises Earnings Estimates For 2024 And 2025
Portfolio Pulse from Priya Nigam
PNC Financial Services Group Inc (NYSE:PNC) reported strong Q2 results, leading to a rise in share price. Analysts from RBC Capital Markets and Goldman Sachs raised their price targets and earnings estimates for 2024 and 2025.
July 17, 2024 | 7:19 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
PNC Financial Services Group Inc (NYSE:PNC) reported strong Q2 results, surpassing earnings estimates. RBC Capital Markets and Goldman Sachs raised their price targets and earnings estimates for 2024 and 2025. Shares rose by 1.54%.
The strong Q2 results and raised price targets and earnings estimates by major analysts are likely to positively impact PNC's stock price in the short term. The 1.54% rise in share price reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100