PNC Finl Servs Grの空売り状況は、投資家がPNC Finl Servs Grの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

PNC Finl Servs Gr (NYSE:PNC) 株価情報, 空売り情報

PNC Finl Servs Gr

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

PNC Financial Services Gr

PNC Financial Services Group, Inc. (The) Common Stock

PNC Financial Services Group Inc

Galleon Gold Corp

PIONEER CR LTD by PIONEER CR LTD

PNC Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) short percent of float has fallen 15.11% since its last report. The company recently reported that it has 4.67 million shares sold short, which is 1.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.68 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>PNC Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1740412831_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PNC Finl Servs Gr has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing PNC Finl Servs Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, PNC Finl Servs Gr's peer group average for short interest as a percentage of float is 1.07%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About PNC Finl Servs Gr?

PNC Finl Servs Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) short percent of float has risen 19.83% since its last report. The company recently reported that it has 5.48 million shares sold short, which is 1.39% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.54 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PNC Finl Servs Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738683912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PNC Finl Servs Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PNC Finl Servs Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PNC Finl Servs Gr's peer group average for short interest as a percentage of float is 1.07%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(PNC) - Analyzing PNC Finl Servs Gr's Short Interest

In the current session, the stock is trading at $197.41, after a 0.57% increase. Over the past month, PNC Finl Servs Gr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) stock increased by 1.36%, and in the past year, by 30.22%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2025/1737654307_0.png" alt="Past Year Chart" />

<h3>Evaluating PNC Finl Servs Gr P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
PNC Finl Servs Gr has a better P/E ratio of 14.29 than the aggregate P/E ratio of 12.36 of the Banks industry. Ideally, one might believe that PNC Finl Servs Gr Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1737654307_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

News

Intraday Update

Markets

P/E Ratio Insights for PNC Finl Servs Gr

Management

President Michael P. Lyons To Depart PNC, Will Assume President & CEO-Elect Role At Fiserv

PNC Financial Services Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) reported&nbsp;fourth-quarter results last week. Revenue increased 4% year-over-year to&nbsp;$5.57&nbsp;billion, beating the&nbsp;consensus of&nbsp;$5.50 billion. Revenue growth was led by higher net <a target="_blank" href="https://www.benzinga.com/news/buybacks/25/01/43025676/pnc-financial-q4-earnings-credit-losses-provision-dips-forecasts-sequential-fall-in-q1-revenue-and-loans" rel="noreferrer noopener">interest income and noninterest income.</a>
Goldman Sachs analyst Richard Ramsden reiterated the Neutral rating on the stock, with a price forecast of $203.
The analyst notes that with better-than-expected results and largely in-line guidance, there is potential for upside in net interest income, driven by loan growth, which could accelerate in the second half of 2025, and a further steepening of the yield curve, benefiting fixed asset repricing and supporting NII growth through 2026.
The analyst also expects the company to achieve solid operating leverage of around 400 basis points in 2025, with expenses growing about 1.5% year-over-year.
Additionally, the company continues to build capital, with its CET1 ratio reaching 10.5% (9.2% adjusted for AOCI), well above the updated regulatory minimum of 7.0%.
Given this excess capital, the analyst anticipates the company will increase its share buybacks, starting from the $200 million level in the fourth quarter of 2024, once there is more clarity on regulatory capital requirements.
Based on the latest results and guidance, the analyst slightly lowers 2026 earnings per share estimates by 1%, with new EPS targets of $15.05 for 2025 and $17.09 for 2026 (from $15.01, and $17.32 respectively).
The analyst also introduces a 2027 EPS estimate of $18.76, and the 2025 P/E target remains unchanged at 13.5x.
Price Action: PNC shares are trading lower by 0.33% to $197.87 at last check Tuesday.
Now Read:
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<li><a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up" target="_blank" rel="noreferrer noopener">Trump's ‘Drill, Baby, Drill' Era Begins: Oil Prices Tumble, US Energy Stocks Edge Up</a></li>
</ul>

Analyst Color

Equities

Price Target

Reiteration

Analyst Ratings

General

PNC Financial Positioned For Strong Loan Expansion And Yield Curve Benefits, Analyst Predicts Net Interest Income Growth Through 2026

Markets tumbled this week as a number of factors came into focus, pointing toward rates that would remain higher for longer. A <a href="https://www.benzinga.com/markets/25/01/42933499/unexpectedly-strong-jobs-report-sends-shockwaves-through-wall-street-triggering-market-sell-off/?el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}">hot jobs report</a> sent stocks plummeting as the economy added 256,000 jobs vs 155,000 expected, dampening the prospects of multiple rate cuts in 2025.
The Federal Reserve had already begun tempering expectations for future reductions by highlighting the stickiness of last-mile inflation and the uncertainty of how tariffs will affect the economy. On Friday, the average 30-year fixed mortgage rate hit 7.24%, the highest reading in over a year and another signal that compounding factors continue to influence higher rates.
Here are the four stocks that will benefit from higher interest rates.
<a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42918778/december-jobs-report-a-wake-up-call-for-anyone-betting-on-rate-cuts-analyst-says/?el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}">Higher for longer</a> now appears to be the prevailing mantra, and how the economy responds to sustained 7% mortgage rates, aggressive tariffs, and a hot job market is anyone's guess. Higher rates aren't necessarily bad news for everyone. For savers or retirees on fixed incomes, higher rates mean better yields on low-risk assets like savings accounts and money market accounts.
But if you're looking for a house right now (or trying to originate mortgage loans), high prices and 7% mortgage rates are a deep hindrance.
Investors also face difficult choices in ‘higher for longer' environments. High rate environments can be a drag on stocks, especially in debt-heavy sectors. Tech stocks have managed to outperform despite high rates until now, but big winners like NVDA and MSFT have struggled of late.
If rates remain higher than expected, investors must adjust their expectations and not fight the new trend. Specific sectors like utilities and finance are often safe havens in high-rate environments, as are value stocks and dividend payers. Today, we'll look at four stocks that could boost your portfolio if rates stay higher for longer.
<h2 class="wp-block-heading">PNC Financial Services Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</h2>
Banks are often the first place to turn when rates are high for prolonged periods. While banks are forced to pay higher interest on deposits through FDIC-insured vehicles like savings accounts and CDs, they can also charge borrowers higher rates for mortgages, personal and business loans, credit instruments, and more. If mortgages and credit card interest rates stay elevated, PNC could be one of the beneficiaries.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="389" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135125/PNC-1024x389.png" alt="" class="wp-image-739758" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135125/PNC-1024x389.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135125/PNC-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135125/PNC-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135125/PNC.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
PNC Financial Services Group is one of the largest regional banks in the United States, with operations focused primarily on the northeast United States. Based out of Pittsburgh, PNC offers consumer and commercial banking services, along with wealth management, insurance, mortgages, and private equity.
One area where PNC stands out is small business; the firm is a top 5 regional bank for small business in terms of banking relationships and Small Business Administration (SBA) loan origination. PNC has also worked to reduce its exposure to commercial real estate loans, an area that has seen a <a href="https://fred.stlouisfed.org/series/DRCRELEXFACBS">recent uptick</a> in delinquencies.
PNC shares performed well in 2024, but a recent dip below the 50-day moving average has turned a previous support level into resistance. However, the RSI shows an oversold stock and deregulation tailwinds could reignite the upward trend. PNC is currently rated a consensus Buy based on <a href="https://www.benzinga.com/quote/PNC/analyst-ratings">25 analyst reports</a> with an average price target of $195, representing a 24% upside from current levels.
<h2 class="wp-block-heading">Talen Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NYSE">TLN</a>)</h2>
Utilities are usually anathema to active investors because they are boring, highly regulated, offer minimal returns, and are frequently affected by disasters like hurricanes and wildfires. However, over the last six months, utilities have actually outperformed the rest of the market (10% gain versus 3% for the S&amp;P 500), and independent power producers like Talen Energy have been among the sector's biggest winners.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="397" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135133/TLN-1024x397.png" alt="" class="wp-image-739759" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135133/TLN-1024x397.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135133/TLN-300x116.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135133/TLN-768x298.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135133/TLN.png 1358w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Talen Energy is a Houston-based power company selling electricity services through multiple divisions, including both fossil fuels and renewable energy sources. The company operates nuclear, gas, and coal power plants in the northeastern United States and Montana.
After filing for bankruptcy in May 2022, the company emerged with a reduced debt load that enabled it to pursue battery storage projects and data centers for digital infrastructure expansion. TLN shares have outpaced the utility sector (and the overall market) over the last six months, and the stock's bullish trend is intact, with the price comfortably above the 50-day and 200-day moving averages.
[<a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?utm_source=WebRD-0117&amp;el=ResearchDaily&amp;he={{email}}">EXPOSED: Billionaire Stock Moves Before They Hit the News</a>]
<h2 class="wp-block-heading">ONEOK Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKE#NYSE">OKE</a>)</h2>
Moving to another energy producer, ONEOK Inc. is another company to watch in a high-rate environment. Unlike Talen Energy Corp, ONEOK focuses on a single resource: natural gas. The company has natural gas and natural gas liquids pipelines throughout the Midwestern United States, from Texas to North Dakota. In addition to providing energy services to a vast portion of the country, ONEOK has been raising revenue while paying a consistently high dividend yield.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="395" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135138/OKE-1024x395.png" alt="" class="wp-image-739760" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135138/OKE-1024x395.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135138/OKE-300x116.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135138/OKE-768x297.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135138/OKE.png 1362w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
OKE shares have a market cap of just under $60 billion, with a modest P/E ratio of 21.79 and a dividend yield of 3.9%. The company's profit growth was exceptional in 2024, with 39% to 41% expansions in gross profits from each of the first three quarters.
The stock is a consensus Buy based on 22 analyst reports, including a recent Buy reiteration from Scotiabank and a $109 price target. OKE shares pulled back in December, but the uptrend remains intact, and this pullback could represent a good buying opportunity.
<h2 class="wp-block-heading">SJW Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>)</h2>
Our final pick combines two themes from our categories: utility companies and high dividend payers. SJW Group is a water supplier located in San Jose that provides services to clients across California, as well as parts of Maine, Tennessee, and Connecticut. A utility with this much exposure to California water systems may seem risky at the present time, but SJW has an affordable valuation and sustainable dividend.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="397" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135144/SJW-1024x397.png" alt="" class="wp-image-739761" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135144/SJW-1024x397.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135144/SJW-300x116.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135144/SJW-768x297.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/17135144/SJW.png 1361w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
SJW is a Dividend Champion, meaning it has raised its annual dividend payout amount every year for 25 consecutive years. The stock's current dividend yield is 3.52%, and its three-year annualized dividend growth clocks in at 5.9%, which surpasses the utility sector average of 3.2%. The dividend payout ratio is also below 60%, which shows the company isn&#8217;t overextending itself to pay its shareholders. Additionally, the stock has a P/E ratio of 16.7 and an RSI of 28, indicating that shares may be oversold and undervalued.
Discover exactly what stocks billionaires are quietly loading up on – weeks before these plays hit the mainstream media. Plus, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?utm_source=WebRD-0117&amp;el=ResearchDaily&amp;he={{email}}">How to position yourself to ride the potential profit wave.</a>
Image via Shutterstock

Opinion

4 Stocks to Buy for "Higher for Longer" Interest Rates

Morgan Stanley analyst Betsy Graseck maintains PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) with a Underweight and raises the price target from $199 to $208.

Morgan Stanley Maintains Underweight on PNC Finl Servs Gr, Raises Price Target to $208

Stephens &amp; Co. analyst Terry McEvoy reiterates PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) with a Equal-Weight and maintains $200 price target.

Stephens & Co. Reiterates Equal-Weight on PNC Finl Servs Gr, Maintains $200 Price Target

Truist Securities analyst John McDonald maintains PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) with a Hold and raises the price target from $215 to $216.

Truist Securities Maintains Hold on PNC Finl Servs Gr, Raises Price Target to $216

Wall Street paused for a breather on Thursday, following Wednesday's big rally sparked by a softer-than-predicted December inflation report that fueled speculation on the Federal Reserve delivering interest rate <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43003047/stocks-rise-on-core-inflation-slowdown-banks-rally-after-strong-q4-earnings-treasury-yields-plummet">cuts during the year. </a>
By midday, stocks were little changed as attention shifted to the next major event: Donald Trump's inauguration as 47th U.S. president on Monday.
On the data front, December retail sales rose 0.4% from the previous month, a slower pace than November's 0.8% increase and below expectations of 0.6%. Jobless claims climbed by 16,000 to 217,000, slightly higher than <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43027744/retail-sales-slow-jobless-claims-rise-is-us-consumer-loosing-steam">the projected 210,000. </a>
See Also: <a href="https://www.benzinga.com/25/01/43020430/cathie-wood-sounds-alarm-over-inflation-pressures-and-consumer-woes-peter-schiff-flags-oil-spike-what-economists-are-saying">Cathie Wood Says Inflation Worries Dampen Expectations, Schiff Singles Out Wall Street For Swallowing Narrative Even As Prices Soar</a>
The weaker data sent Treasury yields lower, with the 10-year yield slipping four basis points to 4.61%, extending the previous day's 14-basis-point decline.
Falling yields helped gold climb 0.9% to $2,970 per ounce, reaching a two-month high as investors moved toward safe-haven assets. 
Semiconductor stocks stood out the best-performing industry, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) gaining 1.8%. Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) jumped more than 5% after delivering strong quarterly earnings, lifting the broader chip industry. Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) and ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) advanced 7% and 6%, respectively.
Oil prices pulled back 2.6%, giving up part of Wednesday's 4% gain. Traders speculated that Trump's policies could ease sanctions on Russian energy exports as part of a broader effort to negotiate peace in Ukraine. 
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down 1% to $99,000, following a slight pullback across cryptocurrency markets.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,958.43</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,255.53</td>
<td>0.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,264.04</td>
<td>0.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,239.38</td>
<td>0.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated 12:40 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) remained unchanged at $593.10.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;flattened at $432.18.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was unchanged at $516.54.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% to $224.31.</li>
<li>The&nbsp;Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 2.1%; the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) fell 2% following quarterly earnings. Peer Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) rose 2.7%.</li>
<li>Other stocks reacting to earnings were UnitedHealth Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), down 4.7%, Infosys Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), down 5.2%, PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), down 2%, U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), down 5.3%, M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), down 2.8%, First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>). </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell by 3.6% after the EV giant announced reduced selling prices on its Cybertruck, in a strategy to revive demand. </li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) dropped 3% after the European Commission's competition chief confirmed that the investigation into the company under the Digital Markets Act will move forward as scheduled, with enforcement anticipated by March 2024.</li>
</ul>
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</ul>
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Stocks Pause, Chipmakers Rise, Gold Hits 2-Month Highs: What's Driving Markets Thursday?

U.S. banks delivered another round of strong fourth-quarter earnings Thursday, with Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), and PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) all surpassing <a href="https://www.benzinga.com/earnings">Wall Street earnings estimates.</a>
The results reinforced the sector's resilience, yet financial stocks showed a mixed reaction after Wednesday's sharp rally.
The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), which tracks major banks, inched up 0.1% Thursday after a 2.6% gain the previous day. Meanwhile, regional banks, tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), dipped 0.7% following Wednesday's rally.
The reports followed upbeat earnings from Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), and Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>), which fueled the biggest one-day surge in financial stocks since November.
Market strategist Ed Yardeni said the earnings reflected a "pickup in investment banking and markets activity as business confidence improved." He added that consumer loan growth remained slightly stronger than commercial loan growth.
<h3 class="wp-block-heading">Morgan Stanley Rides Trading Boom To Blowout Quarter</h3>
Morgan Stanley posted earnings per share of $2.22, crushing the $1.70 forecast. Revenue climbed to $16.22 billion, exceeding expectations by nearly 8%, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011625&amp;t=be2bearmibe3na1">Benzinga Pro</a> data. 
Its trading business drove the beat. Equities sales and trading revenue soared to $3.33 billion, easily topping the $2.63 billion estimate. Fixed income trading also outperformed, generating $1.93 billion versus the $1.68 billion forecast.
Wealth management, a key pillar of Morgan Stanley's business, delivered $7.48 billion in revenue, slightly above the $7.32 billion estimate. Net interest income hit $2.55 billion, well ahead of the $2 billion forecast.
The bank kept costs in check, with compensation expenses at $5.95 billion, lower than the projected $6.64 billion.
Shares rose 1.2%, extending Wednesday's 4.8% surge.
Read Also: <a href="https://www.benzinga.com/news/large-cap/25/01/43029150/morgan-stanley-q4-earnings-profit-doubles-ceo-calls-it-one-of-strongest-years-aims-for-prudent-dividend-growth">Morgan Stanley Q4 Earnings: Profit Doubles, CEO Calls It One Of Strongest Years, Aims For Prudent Dividend Growth</a>
<h3 class="wp-block-heading">Bank of America Tops Estimates, But 2025 Outlook In Focus</h3>
Bank of America also delivered a strong quarter, reporting EPS of 82 cents, above the 77 cents forecast. Revenue net of interest expenses came in at $25.35 billion, slightly exceeding expectations.
Key business lines performed well. Net interest income reached $14.36 billion, ahead of the $14.12 billion estimate. Investment banking revenue also beat, coming in at $1.65 billion versus the $1.47 billion forecast.
Goldman Sachs analyst Richard Ramsden noted that the results were "better than expected, given 1% higher NII and fees," but indicated that pre-provision net revenue of $8.4 billion fell 2% short of estimates. He added that investors would focus on expense and interest income guidance for 2025.
Bank of America shares were 0.7% lower, following Wednesday's 2.8% rally.
Read also: <a href="https://www.benzinga.com/25/01/43026092/bank-of-america-q4-earnings-67-billion-profit-revenue-jumps-15-investment-banking-and-deposit-growth">Bank of America Q4 Earnings: $6.7 Billion Profit, $1.7 Billion In Investment banking fees, Forecasts Higher NII In 2025</a>
<h3 class="wp-block-heading">PNC, U.S. Bancorp, First Horizon Deliver Mixed Results</h3>
PNC Financial Services posted EPS of $3.77, beating the $3.33 estimate. Revenue of $5.57 billion edged out expectations, but shares slipped 3.8% after gaining 2.4% on Wednesday.
U.S. Bancorp delivered EPS of $1.07, slightly above the $1.05 forecast, but revenue of $6.98 billion came in just below the $7 billion estimate. The stock was down 6.6% at the time of publication Thursday, after a 3.8% jump Wednesday.
First Horizon posted EPS of 43 cents, beating estimates of 39 cents, but revenue disappointed at $729 million, well short of the $820.7 million forecast. Shares were flat, following a 2.7% gain on Wednesday.
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43027744/retail-sales-slow-jobless-claims-rise-is-us-consumer-loosing-steam">Retail Sales Disappoint, Jobless Claims Rise: Is US Consumer Losing Steam?</a></li>
</ul>
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Earnings

Mid Cap

Big Banks Continue To Beat Q4 Earnings As Financial ETF Takes A Breather

PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) reported fourth-quarter revenue increase of 4% year-over-year to $5.57 billion, beating the <a href="https://www.benzinga.com/pressreleases/25/01/n43023633/pnc-reports-full-year-2024-net-income-of-6-0-billion-13-74-diluted-eps" target="_blank" rel="noreferrer noopener">consensus of $5.50 billion</a>. Revenue growth was led by higher net interest income and noninterest income.
Net interest income grew 4% year over year to $3.52 billion, thanks to a decline in funding costs and the continued repricing of fixed-rate assets. The net interest margin stood at 2.75%, 9 basis points higher year over year.
Noninterest income grew 4% to $2.04 billion, led by higher fee income (+3% Y/Y) thanks to strong growth in capital markets and advisory segment. EPS of $3.77 topped <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">the consensus of $3.33</a>.
The company reported a provision for credit losses of&nbsp;$156 million in the quarter (vs.&nbsp;$232 million a year ago) on improved macroeconomic factors and portfolio activity.&nbsp;
CET1 capital ratio stood at&nbsp;10.5% vs.&nbsp;9.9% in the prior year quarter.&nbsp;
On January 3, 2025, PNC&#8217;s board of directors declared a quarterly cash dividend on common stock of&nbsp;$1.60, payable on February 5, 2025, to shareholders of&nbsp;record <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n42791132/pnc-declares-dividend-of-1-60-on-common-stock" rel="noreferrer noopener">as of&nbsp;January 15, 2025</a>.
PNC returned&nbsp;$0.9&nbsp;billion of capital to shareholders, comprising share repurchases over&nbsp;$0.2&nbsp;billion in the quarter.
The company expects share repurchase activity for the&nbsp;first quarter&nbsp;of 2025 to match recent quarterly averages.
<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">Guidance</a><a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">:</a> For the&nbsp;first quarter, the bank expects average loans to be down 1%, total revenue to be lower 1% – 2%, and net interest income to be&nbsp;down <a target="_blank" href="https://d1io3yog0oux5.cloudfront.net/_5a0874e2a3dfe89249dbc4eeb815a72a/pnc/db/2250/21537/presentation/4Q24+Earnings+Slides_Final.pdf" rel="noreferrer noopener">2%</a> – 3%&nbsp;sequentially.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Regional Banks ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAT#NYSE">IAT</a>) and&nbsp;Davis Fundamental ETF Trust Davis Select Financial ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/DFNL#BATS">DFNL</a>).
Price Action: PNC shares are down 1.72% at $197.00&nbsp; premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/01/43007354/big-banks-crush-q4-earnings-forecasts-financial-stocks-set-for-biggest-1-day-rally-since-trumps-election" target="_blank" rel="noreferrer noopener">Big Banks Crush Q4 Earnings Forecasts: Financial Stocks Set For Biggest 1-Day Rally Since Trump&#8217;s Election</a></li>
</ul>

Guidance

Dividends

Buybacks

DFNL

iShares Dow Jones US Regional Banks Index Fund

PNC Financial Q4 Earnings: Credit Losses Provision Dips, Forecasts Sequential Fall In Q1 Revenue And Loans

WIIM

PNC shares are trading lower following Q4 financial results.

PNC Q4 Net Interest Income $3.5B, Up 3%; Provision For Credit Losses $156M, Avg. Loans $319.1B

PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) reported quarterly earnings of $3.77 per share which beat the analyst consensus estimate of $3.33 by 13.21 percent. The company reported quarterly sales of $5.567 billion which beat the analyst consensus estimate of $5.502 billion by 1.19 percent. This is a 3.84 percent increase over sales of $5.361 billion the same period last year.

Earnings Beats

PNC Finl Servs Gr Q4 2024 GAAP EPS $3.77 Beats $3.33 Estimate, Sales $5.567B Beat $5.502B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Insteel Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) is projected to report quarterly earnings at $0.09 per share on revenue of $117.45 million. 
• Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is likely to report quarterly earnings at $2.16 per share on revenue of $26.38 billion. 
• Infosys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) is estimated to report quarterly earnings at $0.19 per share on revenue of $4.93 billion. 
• Bank7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSVN#NASDAQ">BSVN</a>) is expected to report quarterly earnings at $1.05 per share on revenue of $23.50 million. 
• PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) is expected to report quarterly earnings at $3.30 per share on revenue of $5.49 billion. 
• M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) is projected to report quarterly earnings at $3.74 per share on revenue of $2.34 billion. 
• UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is expected to report quarterly earnings at $6.92 per share on revenue of $101.09 billion. 
• First Horizon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $825.23 million. 
• Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $25.22 billion. 
• Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is estimated to report quarterly earnings at $1.51 per share on revenue of $14.35 billion. 
• U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) is estimated to report quarterly earnings at $1.01 per share on revenue of $6.93 billion. 
<h3>Companies Reporting After The Bell</h3>
• JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $3.15 billion. 
• Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDB#NASDAQ">INDB</a>) is projected to report quarterly earnings at $1.16 per share on revenue of $175.71 million. 
• Bank OZK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OZK#NASDAQ">OZK</a>) is expected to report quarterly earnings at $1.44 per share on revenue of $407.32 million. 
• RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $17.85 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BSVN

IIIN

INDB

JBHT

RFIL

Earnings Scheduled For January 16, 2025

Major U.S. banks reported strong fourth-quarter 2024 earnings on Wednesday, with better-than-expected results across the board <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42984073/banks-kick-off-earnings-season-on-wednesday-retail-traders-bet-big-on-financials-ahead-of-regulatory-tailwinds">and upbeat 2025 guidance. </a>
The performance was driven by robust net interest income (NII), resilient fee revenue, and disciplined expense management. 
These positive earnings results sent financial stocks higher, with the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) rising 1.9% on Wednesday, eyeing the strongest one-day rally since Nov. 6, 2024, when financial stocks rallied in response to Donald Trump&#8216;s victory at the presidential elections.
The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) jumped 3.1%, reflecting strength among regional banks.
<h3 class="wp-block-heading">Bank Earnings In Focus</h3>
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported fourth-quarter earnings per share of $4.81, far exceeding the consensus estimate of $4.11, representing a 17% surprise, according to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent011525&amp;t=be2bearmibe3na1">Benzinga Pro</a> data.
Revenue came in at $43.74 billion, beating estimates by 4.9%. The bank's strong performance was attributed to higher NII, which totaled $94 billion for 2025 guidance, above expectations, along with lower-than-anticipated credit costs.
The world&#8217;s largest bank repurchased $4 billion in shares during the quarter, bringing its Common Equity Tier 1 ratio to 15.8%, up 30 basis points quarter-over-quarter.
Shares of JPMorgan Chase &amp; Co. rose 0.5% by 10:00 a.m. in New York. 
Read also: <a href="https://www.benzinga.com/25/01/43000684/jpmorgan-q4-earnings-shine-investment-banking-revenue-jumps-46-yy-jamie-dimon-says-inflation-may-persist-for-some-time">JPMorgan Chase Q4 Earnings: Investment Banking Revenue Jumps 46%, CEO Jamie Dimon Says &#8216;Inflation May Persist For Some Time&#8217;</a>
Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) delivered a standout performance with EPS of $11.95, a sharp 45.4% surprise over the $8.22 consensus. Revenue reached $13.87 billion, 11.9% above estimates, driven by strong trading revenue, up by 13%, and better-than-expected equity underwriting, up 41%.
According to Bank of America analysts, Goldman remains &#8220;a favored way to gain exposure to rebounding investment banking activity.&#8221;
The bank repurchased $2 billion in shares and ended the quarter with a 15% CET1 ratio. Return on equity for 2024 stood at 12.5%, slightly below the bank&#8217;s mid-teens target but still solid.
Goldman Sachs rallied 6% in response to fourth-quarter results, reaching highs last seen in early December 2024 and eyeing the strongest 1-day rally since Nov. 6 2024.
Read also: <a href="https://www.benzinga.com/news/earnings/25/01/43000353/goldman-sachs-q4-earnings-equity-and-debt-underwriting-fuel-revenue-boost-assets-under-management-hit-record-314-trillion">Goldman Sachs Q4 Earnings: Underwriting Boosts Revenue, Assets Reach Record $3.14 Trillion</a>
Wells Fargo Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) posted EPS of $1.42, beating estimates by 5.2%, driven by stronger-than-expected NII and fee revenue. 
Overall revenue was slightly below estimates at $20.38 billion, yet the bank's 2025 guidance surprised to the upside, with NII expected to grow 1-3% year-over-year, implying $48.98 billion—higher than analyst expectations.
Wells Fargo's CET1 ratio stood at 11.1%, down 20 basis points quarter-over-quarter, but the bank returned $4 billion to shareholders through buybacks. 
Credit trends remained stable, and expenses were well-managed, positioning the bank for a solid year ahead.
Shares of Wells Fargo roared 5.7% to early December highs. 
Read Also: <a href="https://www.benzinga.com/news/earnings/25/01/43002392/wells-fargo-q4-earnings-investors-cheer-50-jump-in-net-profit-roe-improvement-bank-expects-up-to-3-jump-in-2025-nii">Wells Fargo Q4 Earnings: Investors Cheer 50% Jump In Net Profit, ROE Improvement, Bank Expects Up To 3% Jump In 2025 NII</a>
Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) reported EPS of $1.34, beating the $1.22 consensus by 9.8%, while revenue of $19.58 billion narrowly exceeded expectations. 
The results reflected solid execution across the bank's core operations, with a particular boost from strong trading revenues.
Though the bank still faces challenges in certain areas, analysts at Bank of America see improving operational efficiency and regulatory easing as potential tailwinds. 
Citigroup's stock rose 5.7% following the earnings release, reflecting growing investor optimism.
Read also: <a href="https://www.benzinga.com/news/buybacks/25/01/43002760/citigroup-q4-earnings-12-topline-growth-2-9-billion-net-income-20-billion-share-buyback-gains-in-wealth-and-market-segments">Citigroup Q4 Earnings: 12% Topline Growth, $2.9 Billion Net Income, $20 Billion Share Buyback, Gains In Wealth And Market Segments</a>
Bank of New York Mellon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) posted EPS of $1.72, exceeding estimates by 10.3%, while revenue of $4.85 billion beat projections by 4.2%. The results were driven by robust pre-provision net revenue growth, up 9.5% year-over-year, fueled by NII growth of nearly 14%.
The bank achieved its medium-term targets of a 33% pre-tax margin and 23% return on tangible common equity (ROTCE), highlighting disciplined expense management. 
Shareholder returns were also strong, with $1.1 billion returned in the fourth quarter, including $750 million in buybacks.
Shares rallied by 5.7%, eyeing their highest one-day surge since July 2022. 
<h3 class="wp-block-heading">Looking Ahead</h3>
The market spotlight will shift to Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), PNC Financial Services Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>), and M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) all slated to report earnings on Thursday, before the market open. 
Here's what investors will be watching, according to Benzinga Pro data:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Bank</th>
<th>Estimated Revenue</th>
<th>Estimated EPS</th>
</tr>
</thead>
<tbody>
<tr>
<td>Bank of America Corp.</td>
<td>$25.24 billion</td>
<td>$0.77</td>
</tr>
<tr>
<td>Morgan Stanley</td>
<td>$15.03 billion</td>
<td>$1.70</td>
</tr>
<tr>
<td>PNC Financial Services Group Inc.</td>
<td>$5.50 billion</td>
<td>$3.33</td>
</tr>
<tr>
<td>U.S. Bancorp</td>
<td>$6.99 billion</td>
<td>$1.05</td>
</tr>
<tr>
<td>M&amp;T Bank Corp.</td>
<td>$2.34 billion</td>
<td>$3.73</td>
</tr>
<tr>
<td>First Horizon Corp.</td>
<td>$820.7 million</td>
<td>$0.39</td>
</tr>
</tbody>
</table>
</figure>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42997625/blackrock-beats-q4-estimates-fueled-by-record-inflows-116-trillion-aum-milestone">BlackRock Q4 Earnings: Record Inflows Fuel Revenue And Earnings Beat, AUM Hits $11.6 Trillion Milestone</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Small Cap

Big Banks Crush Q4 Earnings Forecasts: Financial Stocks Set For Biggest 1-Day Rally Since Trump's Election

The PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/PNC/earnings">opening bell on Thursday, Jan. 16, 2025.</a>
Analysts expect the Pittsburgh, Pennsylvania-based company to report quarterly earnings at $3.31 per share, up from $3.16 per share in the year-ago period. PNC Financial projects to report revenue of $5.5 billion for the recent quarter, compared to $5.36 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Jan. 3, PNC declared a dividend of $1.60 per share on common stock.
PNC Financial shares gained 1.7% to close at $195.71 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PNC/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Compass Point analyst David Rochester maintained a Neutral rating and raised the price target from $175 to $233 on Dec. 10, 2024. This analyst has an accuracy rate of 63%.</li>
<li>Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and boosted the price target from $190 to $210 on Dec. 6, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Piper Sandler analyst Scott Siefers maintained a Neutral rating and raised the price target from $200 to $220 on Dec. 3, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Citigroup analyst Keith Horowitz maintained a Buy rating and raised the price target from $200 to $235 on Nov. 25, 2024. This analyst has an accuracy rate of 78%.</li>
<li>Wells Fargo analyst Whit Mayo maintained an Overweight rating and boosted the price target from $215 to $235 on Nov. 15, 2024. This analyst has an accuracy rate of 67%.</li>
</ul>
Considering buying PNC stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="497" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-1024x497.png" alt="" class="wp-image-734168" style="width:634px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-1024x497.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-300x146.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91-768x373.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042605/image-91.png 1128w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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PNC Financial Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

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Shares of banking and financial services stocks are trading higher following strong bank earnings.

Analysts at <a href="https://www.benzinga.com/topic/truist-securities">Truist Securities</a> initiated coverage on 24 large-cap, regional, and trust banks, as well as credit card companies. They anticipate strong earnings growth over the next two years, projecting an annual increase of 12-15% fueled by factors like improving loan growth, a steeper yield curve, and ample capital for expansion.
What Happened: Forecasting a favorable environment for banks in 2025 and 2026, the analysts at Truist foresee a less stringent regulatory environment, with more clarity and flexibility for banks regarding mergers and acquisitions, and the deployment of excess capital.
The note highlighted that the banking stocks were de-rated during the first two years of Trump 1.0 because the yield curve was flattened and late-cycle macro concerns surfaced, even as the administration enacted bank-friendly tax reform and regulatory tailoring. However, according to the brokerage, a little Fed easing and a steeper curve are necessary for the stocks to be re-rated and two rate cuts are expected in 2025, as hinted by Fed during their December meeting. 
According to Truist, while bank valuations have increased, they remain relatively attractive compared to historical levels. They currently trade at a price-to-book value (P/TBV) below their post-financial crisis average, and at a significant discount to the broader market. The note adds that given the current market valuations, bank stocks appear undervalued relative to the S&amp;P 500.
However, despite Truist beliefs that the sector offers attractive opportunities, careful stock selection is crucial according to them. &#8220;While we're not at &#8216;close your eyes and buy ‘em levels,&#8217; we still see attractive opportunities across the sector and view stock selection as increasingly important,&#8221; the note said.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42836744/baby-its-cold-outside-these-5-winter-ready-stocks-have-what-it-takes-to-make-you-feel-warm-and-cozy">Baby, It&#8217;s Cold Outside: These 5 Winter-Ready Stocks Have What It Takes To Make You Feel Warm And Cozy</a>
Why It Matters: Truist&#8217;s coverage on 24 financial stocks is spread across three subgroups namely, large-cap, regional, and trust banks, which is initiated with a positive outlook.
<h3 class="wp-block-heading">Large-Cap Banks</h3>
The research note examines long-term investment potential of large U.S. banks as these institutions possess significant advantages, including, &#8220;embedded offense&#8221; with the presence of strong existing businesses and customer relationships.
It also anticipates cyclical tailwinds and capital leverage for such banks given a favorable economic environment and the ability to effectively utilize capital for growth.
These factors position large U.S. banks to achieve organic growth by the expansion of core businesses, double-digit earnings growth and an attractive returns on equity.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Large Cap Banks</td>
<td>Rating</td>
<td>Price Target</td>
</tr>
<tr>
<td>Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>Buy</td>
<td>$52</td>
</tr>
<tr>
<td>Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>Buy</td>
<td>$85</td>
</tr>
<tr>
<td>Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>Buy</td>
<td>$82</td>
</tr>
<tr>
<td>JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>Hold</td>
<td>$260</td>
</tr>
<tr>
<td>PNC Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</td>
<td>Hold</td>
<td>$215</td>
</tr>
<tr>
<td>US Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>)</td>
<td>Hold</td>
<td>$54</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Regional Banks And Cards</h3>
Truist also initiated coverage on 14 regional financial companies outlining three key strategies for regional banks to remain competitive.
<ul>
<li>Differentiated Growth: Focus on unique and sustainable growth opportunities.</li>
</ul>
<ul>
<li>Disciplined Capital Allocation: Efficiently deploy capital to support growth and enhance shareholder value.</li>
</ul>
<ul>
<li>Navigating the Evolving Landscape: Adapt to changing market conditions, including interest rates, yield curve shifts, loan and deposit growth, and commercial real estate market dynamics.</li>
</ul>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Regional Banks</td>
<td>Rating</td>
<td>Price Target</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>Buy</td>
<td>$51</td>
</tr>
<tr>
<td>Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</td>
<td>Buy</td>
<td>$19</td>
</tr>
<tr>
<td>M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>Buy</td>
<td>$233</td>
</tr>
<tr>
<td>Wintrust Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>)</td>
<td>Buy</td>
<td>$151</td>
</tr>
<tr>
<td>Citizens Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>)</td>
<td>Hold</td>
<td>$49</td>
</tr>
<tr>
<td>Comerica Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>)</td>
<td>Hold</td>
<td>$65</td>
</tr>
<tr>
<td>First Citizens BancShares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>)</td>
<td>Hold</td>
<td>$2,303</td>
</tr>
<tr>
<td>KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)</td>
<td>Hold</td>
<td>$19</td>
</tr>
<tr>
<td>Regions Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>)</td>
<td>Hold</td>
<td>$25</td>
</tr>
</tbody>
</table>
</figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Cards</td>
<td>Rating</td>
<td>Price Target</td>
</tr>
<tr>
<td>Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>)</td>
<td>Buy</td>
<td>$42</td>
</tr>
<tr>
<td>American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>Buy</td>
<td>$350</td>
</tr>
<tr>
<td>Capital One Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>Buy</td>
<td>$229</td>
</tr>
<tr>
<td>Discover Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>)</td>
<td>Buy</td>
<td>$233</td>
</tr>
<tr>
<td>Synchrony Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>)</td>
<td>Hold</td>
<td>$72</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Trust Banks And Capital Markets</h3>
Truist anticipates gradual interest rate decreases, the eventual end of quantitative tightening, and a healthy economy and capital markets providing a competitive landscape to trust banks.
According to the analysts, investors should prioritize stocks with the potential for sustained operating leverage. Which is the ability to increase profitability significantly with relatively small increases in revenue. And stocks with strong capital returns, with high levels of income through dividends and share buybacks.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Trust Banks And Capital Markets</td>
<td>Rating</td>
<td>Price Target</td>
</tr>
<tr>
<td>Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>)</td>
<td>Buy</td>
<td>$91</td>
</tr>
<tr>
<td>Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>Buy</td>
<td>$86</td>
</tr>
<tr>
<td>Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>)</td>
<td>Hold</td>
<td>$110</td>
</tr>
<tr>
<td>State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>)</td>
<td>Hold</td>
<td>$106</td>
</tr>
</tbody>
</table>
</figure>
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42813271/as-billionaires-load-up-on-energy-stocks-given-trumps-proposed-policies-this-analyst-highlights-charlie-mungers-1962-oil-investment-which-can-outperform-all-the-rest">As Warren Buffett And Other Billionaires Load Up On Energy Stocks, This Analyst Highlights Charlie Munger&#8217;s 1962 Oil Investment Which Can &#8216;Outperform All The Rest&#8217;</a></li>
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