The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the 10 Most Undervalued American Stocks to Invest In.
On June 29, 2026, Morgan Stanley analyst Manan Gosalia raised the firm’s price target on The PNC Financial Services Group, Inc. (NYSE:PNC) to $278 from $267 and kept an Equal Weight rating
Gosalia said that even after the bank group’s 17% quarter-to-date rally, Morgan Stanley remains positive on banks heading into earnings season as revenue momentum continues to build. Meanwhile, Citi raised its price target on PNC Financial to $280 from $255 and kept a Buy rating. The firm expects PNC to report a strong Q2 despite low expectations.
On June 25, PNC announced that it plans to recommend an 18%, or 30c per share, increase in its quarterly cash dividend on common stock to $2.00 per share in the third quarter of 2026. PNC’s board is expected to consider the recommendation at its next scheduled meeting on July 6. PNC also received the results of the Federal Reserve’s 2026 Comprehensive Capital Analysis and Review.