Pittsburgh, Pennsylvania-based The PNC Financial Services Group, Inc. (PNC) specializes in providing banking and asset management services. With a market cap of $80.7 billion, PNC operates through retail banking, corporate & institutional banking, and asset management segments.

Companies worth $10 billion or more are generally described as “large-cap stocks.” PNC fits this bill perfectly. Given the company’s extensive operations and dominance in the regional banking industry, its valuation above this mark is unsurprising.

The banking giant touched its three-year high of $216.26 on Nov. 29, 2024, and is currently trading 4.1% below that peak. Meanwhile, PNC stock has soared 18.6% over the past three months, notably outpacing the iShares U.S. Regional Banks ETF’s (IAT) 16.4% gains during the same time frame.

Over the longer term, PNC has slightly lagged behind the broader banking industry. PNC stock prices have gained 7.5% on a YTD basis and 13.7% over the past 52 weeks, compared to IAT’s 8.2% uptick in 2025 and 14.4% surge over the past year.

To confirm the recent uptrend, PNC stock has traded consistently above its 50-day moving average since mid-May and above its 200-day moving average since late June.

PNC Financial’s stock prices observed a marginal gain in the trading session following the release of its better-than-expected Q2 results on Jul. 16. The company’s new customer acquisition has accelerated during the quarter, along with the deepening of relationships with its existing customers. The quarter was marked with strong loan books despite increased macro uncertainties.

The company’s overall topline for the quarter increased 4.6% year-over-year to $5.7 billion, surpassing the Street’s expectations by a notable margin. Furthermore, its EPS surged 13.6% year-over-year to $3.85, surpassing the consensus estimates by 8.2%.

Meanwhile, PNC Financial has also outperformed its peer, US Bancorp’s (USB) 2.8% uptick in 2025 and 6.8% gains over the past 52 weeks, with significant margins.

Among the 24 analysts covering the PNC stock, the consensus rating is a “Moderate Buy.” As of writing, its mean price target of $215.14 suggests a modest 3.8% upside potential from current price levels.