Evercore analyst John Pancari maintains $PNC Financial Services (PNC.US)$ with a buy rating, and adjusts the target price from $200 to $212.
According to TipRanks data, the analyst has a success rate of 36.4% and a total average return of -6.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PNC Financial Services (PNC.US)$'s main analysts recently are as follows:
The expectation is for net interest incomes of American banks to dip further in the third quarter by an average of 4%, influenced by delayed deposit repricing and persistent, sluggish loan growth, which is anticipated to more than offset fixed asset repricing. Net interest income is only projected to pivot in the second quarter of 2025. Additionally, while concerns regarding charge-offs, especially in credit card and commercial real estate sectors, have lessened recently, banks may still see a continuation of reserve builds.
The firm anticipates that Q3 results for regional banks will signify a sustained fundamental change that started to emerge in the previous quarter. It is projected that downward revisions of EPS estimates due to a lower rate environment and diminishing loan trends will contribute to setting more realistic earnings expectations for the sector. The firm adopts a gradually positive stance on the group of regional banks, suggesting that rate reductions might ultimately lessen the pressure on funding costs, boost loan demand, and improve credit conditions, particularly in commercial real estate, which could lead to an increase in the sector's earnings multiple.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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Evercore分析師John Pancari維持$PNC金融服務集團 (PNC.US)$買入評級，並將目標價從200美元上調至212美元。
根據TipRanks數據顯示，該分析師近一年總勝率為36.4%，總平均回報率為-6.4%。
此外，綜合報道，$PNC金融服務集團 (PNC.US)$近期主要分析師觀點如下：
受延遲存款重新定價和持續緩慢的貸款增長的影響，預計美國銀行的淨利息收入將在第三季度進一步下降平均4％，預計這將足以抵消固定資產的重新定價。淨利息收入預計要到2025年第二季度才會發生變化。此外，儘管對扣款的擔憂，尤其是信用卡和商業房地產領域的擔憂最近有所減輕，但銀行仍可能繼續增加儲備。
該公司預計，地區銀行第三季度的業績將標誌着上一季度開始出現的持續的根本性變化。預計，由於較低的利率環境和貸款趨勢的減少，向下修正每股收益估計值將有助於爲該行業設定更現實的收益預期。該公司對地區銀行集團採取逐步積極的立場，這表明減息最終可能會減輕融資成本的壓力，提振貸款需求，改善信貸狀況，尤其是商業房地產的信貸狀況，這可能會導致該行業的收益倍數增加。
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