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PNC

PNC FINANCIAL SERVICES GROUP, INC.

At today's price, PNC FINANCIAL SERVICES GROUP, INC. (PNC) is priced for 14.2% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
14.2% return on equity
Priced In
extreme

Key Takeaways

- A bank is worth the return it earns on its capital, so PNC is read on price-to-book against return on equity. At about $232 it trades near 1.5 times book, and that price embeds a return on equity beyond the elite-tier ceiling sustained for decades, well above the roughly 11% it has recently earned. The engine flags the assumption as elevated. - The recent results are strong, though: Q1 2026 net income of $1.8 billion, adjusted EPS of $4.32 (a beat), net interest income up 14% year over year, n

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Institutional ownership

1,869 institutional managers reported holding PNC in 13F filings for the quarter ended 2026-03-31. Together they hold about 80% of the company; the top 10 hold 38%. 141 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 7.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.6 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

PNC has cut its share count 5.2% over the past five years, spending $8.21B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 15 years straight; the current rate is $6.60 a share annually. Cash returned over the past three years: $7.12B in dividends and $2.88B in repurchases.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

Open-market insider buys at PNC over the trailing three years: 2025: 3 buys totaling $182k; 2026: 1 buy totaling $4k. 23 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

PNC's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-08-03+4.1%-9.5%
2023-11-03-3.4%+26.8%
2024-02-22-1.4%+7.5%
2024-05-03-1.8%+0.2%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

PNC's latest 8-K filings: 2026-07-15 (items 7.01, 9.01); 2026-07-15 (items 2.02, 9.01); 2026-06-22 (items 7.01, 9.01); 2026-05-26 (items 8.01, 9.01); 2026-04-24 (items 5.02, 5.07, 9.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

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Last analyzed: June 28, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.