PNC Financial: Limited Upside In 2025
Summary
PNC Financial delivered decent Q2 results, beating earnings and revenue expectations, with solid loan and deposit growth...
PNC Financial delivered decent Q2 results, beating earnings and revenue expectations, with solid loan and deposit growth. Despite recent performance, PNC trades near its historical valuation, limiting upside potential, especially as rate cuts loom. The likely Federal Reserve rate cuts in the second half of the year pose a significant risk to PNC's future net interest income.
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