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PNC and U.S. Bancorp report strong Q3; PNC buys back stock, USB rebuilds capital.

Analyst Insights
18 Oct 2026
Seeking Alpha
View Source
Bullish
PNC and U.S. Bancorp report strong Q3; PNC buys back stock, USB rebuilds capital.

PNC Financial Services and U.S. Bancorp both posted solid Q3 results, with PNC repurchasing about $560 million of stock while USB did not buy back shares as it focuses on rebuilding its capital ratio ahead of stricter regulations. PNC's loan growth is mainly organic, and its return on tangible common equity (ROTCE) increased, though loans are growing faster than deposits. USB's margin is improving, but its recent BTIG acquisition has yet to contribute significantly. Both banks trade near their five-year average valuations, with PNC offering a higher total shareholder yield and greater price upside potential compared to USB.

As of Oct 18, 2026 19:11 WIB, PNC Financial Services trades at USD 217.39 with a 1-day gain of 1.14% on Pluang. US Bancorp is priced at USD 58.73, up 2.33% for the day. Both stocks show solid investor interest, with USB having a notably higher trading volume of over 17 million shares compared to PNC's 2.4 million.

More News (PNC)

PNC Q3 earnings rise 15% on strong loan growth; upgrades net interest income forecast

PNC Q3 earnings rise 15% on strong loan growth; upgrades net interest income forecast

PNC Financial Services reported a 15% year-over-year increase in Q3 net income to $2.1 billion, driven by a 19% growth in commercial and industrial loans. The bank raised its full-year 2026 net interest income guidance to approximately 15.5%, support...

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PNC posts strong Q3 EPS of $5.09, beating estimates despite slight revenue miss.

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PNC Financial Services Group reported a strong third quarter with earnings per share of $5.09, surpassing analyst expectations of $4.91. Although revenue was slightly below estimates at $6.56 billion, net interest income rose 2% to $4.21 billion, sup...

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PNC fights AI-driven deposit shifts with enhanced tech, service, and branch growth.

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PNC reports Q3 2026 earnings growth with higher loans, deposits, and 18.3% ROTCE despite lower fee income.

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PNC Financial Services Group posted a 2% increase in net interest income to $4.2 billion in Q3 2026, driven by commercial loan growth and higher yields. Average loans rose by $9 billion and deposits increased by 1%, while noninterest income fell 15% ...

Company Fundamentals
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PNC expects strong Q3 earnings growth despite fee income drop, with mixed operational outlook.

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PNC Financial Services Group is set to report its Q3 2026 earnings with analysts forecasting earnings of around $4.91 per share and revenue near $6.61 billion, reflecting solid growth. The bank anticipates a 3%–3.5% rise in net interest income and 1%...

Company Fundamentals
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