Analyst Richard Ramsden of Goldman Sachs maintained a Hold rating on PNC Financial, retaining the price target of $196.00.
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Richard Ramsden has given his Hold rating due to a combination of factors including PNC Financial’s recent performance and future guidance. The company reported better-than-expected earnings per share for the second quarter of 2025, driven by stronger core revenue and lower provisions. However, despite these positive results, the full-year revenue and expense guidance remains largely unchanged, suggesting limited upside potential.
Ramsden also notes that while there is a favorable mix shift with modestly higher net interest income guidance and better loan growth, this is offset by lower fee guidance. The third-quarter guidance for net interest income, fee income, and expenses implies performance in line with consensus expectations. Additionally, there are uncertainties regarding the drivers of corporate loan growth and the trajectory for net interest income and expenses in the latter half of 2025, which contribute to the Hold rating.
In another report released on July 9, KBW also upgraded the stock to a Hold with a $212.00 price target.