Oppenheimer Upgrades The PNC Financial Services Group (PNC) Stock to Outperform

The PNC Financial Services Group, Inc. (NYSE:PNC) is one of the Most Undervalued Long Term Stocks to Buy According to Hedge Funds. On July 30, Oppenheimer upgraded the company’s stock to “Outperform” from “Perform” with a price objective of $238, as reported by The Fly. The firm noted that the shares have lagged both the banks and the broader market over the past year. That being said, it sees The PNC Financial Services Group, Inc. (NYSE:PNC) as a well-managed, high-quality, and consistently profitable regional banking company.

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The PNC Financial Services Group, Inc. (NYSE:PNC) released results for Q2 2025, wherein its total revenue came in at $5.7 billion, reflecting a rise of $209 million, or 4%, due to the growth in both non-interest income and net interest income. Furthermore, The PNC Financial Services Group, Inc. (NYSE:PNC) highlighted that new customer acquisition continues to accelerate. The strength of its franchise led to strong loan and revenue growth even during an uncertain macro environment, with expenses remaining well-controlled.

Cullen Capital Management, LLC, operating under the name Schafer Cullen Capital Management, Inc. (SCCM), has released its Q1 2025 investor letter. Here is what the fund said:

“A position in The PNC Financial Services Group, Inc. (NYSE:PNC) was established during the quarter. PNC Financial is a large regional bank with $560 billion in assets and 2,200 branches across the Mid-Atlantic, Midwest and Southeast with retail and corporate banking operations as well as asset management services. In 2022, PNC acquired the US subsidiary of Spanish financial group BBVA, increasing PNC’s size by roughly 25%. The bank has also been successful at organically expanding its customer base, both in commercial banking and in retail. Its expanding client base has led to solid loan, deposit, and fee income growth. Shares of PNC were purchased at 13.1x earnings with a 3.4% dividend yield.”

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Disclosure: None. This article is originally published at Insider Monkey.