PNC Financial rises after HSBC upgrades to 'buy'

ReutersMar 31, 2025 5:37 PM

Shares of U.S. bank PNC Financial Services PNC.N rise ~1% to $173.54

HSBC upgrades PNC to "buy" from hold" following a recent pullback in the stock

Brokerage says it now sees an attractive entry point for investors to add exposure to a "high quality banking institution"

PNC is poised to deliver the strongest revenue growth in HSBC's coverage universe - brokerage

HSBC trims PT on PNC to $202 from $206, implying a 17.5% upside to stock's last close

15 of 23 brokerages rate the stock "buy" or higher, 6 "hold" and 2 "sell"; median PT is $205 - data compiled by LSEG

As of last close, PNC shares down 10.9% YTD

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