12:50 PM EDT, 10/15/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

After reviewing Q3 2025 earnings, we reduce our 12-month target price by $25 to $235, 13.1x our 2026 EPS estimate, a premium to the peer average of 10.1x given PNC's stable operating model. We raise our 2025 EPS estimate by $0.22 to $15.75 and 2026's by $0.48 to $17.93. Our reduced opinion reflects more modest balance sheet growth expectations and slower net interest margin expansion. Still, we remain optimistic about PNC's expansion plans and expect the FirstBank acquisition to complement recent Southeast and Southwest expansion efforts. Efficiency improvements are progressing well, with PNC's Q3 efficiency ratio of 59% falling well below the historic average of approximately 63%. However, when looking at guidance, we were somewhat disappointed that PNC signaled a modest revenue decline in Q4 alongside 1% to 2% expense growth. Importantly, we still view PNC as an all-weather bank with superior credit quality and would expect relative outperformance should economic conditions deteriorate. Shares yield 3.7%.