12 Best S&P 500 Stocks to Buy for Dividends

7. The PNC Financial Services Group, Inc. (NYSE:PNC)

Number of Hedge Fund Holders: 63

Dividend Yield as of June 23: 2.85% 

The PNC Financial Services Group, Inc. (NYSE:PNC) operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group.

On June 15, Stephens resumed coverage of The PNC Financial Services Group, Inc. (NYSE:PNC) with an ‘Overweight’ rating and a price target of $265, indicating an upside of almost 13% from the current levels.

Stephens resumed coverage of nine super-regional banks and stated that it remains “broadly constructive” on the group. The firm noted that operating leverage has improved over the last year. Moreover, it is forecasting the 2026 capital return to be at levels not seen since 2020, with the potential for further upside depending on the outcome of the Basel 3 Endgame proposals.

The PNC Financial Services Group, Inc. (NYSE:PNC) is expecting its full-year 2026 average loan growth to be up by approximately 11% YoY. Moreover, it is targeting its net interest income to grow by around 14.5%, noninterest income by approximately 6%, and total revenue by around 11% when compared to last year.