Diverse Revenue Mix Sparks Optimism Around The PNC Financial Services Group, Inc. (PNC)

The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the 10 best banking stocks to buy according to hedge funds.

On January 20, RBC Capital Markets analyst Gerard Cassidy raised the firm’s price target on The PNC Financial Services Group, Inc. (NYSE:PNC) from $222 to $235, while maintaining an Outperform rating.

The analyst highlighted that the bank’s strategy remains centered on commercial banking, supported by a strong and stable consumer deposit base. The firm also pointed to PNC’s diversified revenue mix, with fee-generating businesses such as wealth management, mortgage, and investment banking complementing its core operations. In addition, PNC has strengthened its long-term growth through value-enhancing acquisitions that have contributed to tangible book value expansion.

On January 20, TD Cowen analyst Steven Alexopoulos increased his price target for The PNC Financial Services Group, Inc. (NYSE:PNC) from $250 to $260, and maintained a Buy rating on the stock.

The revision is based on the company’s fourth-quarter outperformance, aided by higher fee income and lower provisioning. Furthermore, management’s 2026 guidance projects strong top and bottom-line growth, underpinned by a 4% operating leverage.

The PNC Financial Services Group, Inc. (NYSE:PNC) is a financial services company that delivers retail & institutional banking, and asset management services. It offers a comprehensive suite of services across all segments, catering to the diverse needs of individuals and institutions. Some of its services include savings & money market accounts, mortgages, education loans, equipment leases, loan syndications, and more.

While we acknowledge the potential of PNC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. Follow Insider Monkey on Google News.