PNC Lifts 2026 Non-Interest Income Growth Outlook to About 9% on Record Capital Markets Pace

AnalystCorporate Action
โดย Zacks Investment Research·US·Read original
Summary · why it matters

PNC Financial raised its 2026 non-interest income growth outlook to approximately 9%, excluding integration costs and significant items, up from its previous target of 6%, citing stronger-than-expected first-half performance, record-paced capital-markets activity and stronger cross-selling. Speaking at the Barclays 24th Annual Global Financial Services Conference, CFO Robert Q. Reilly said the company's fee businesses are having a strong year and he expects the momentum to continue, after fee income grew at a compound annual growth rate of 7.7% over the five years ended 2025. Capital markets is on pace for a record year, and as of June 30, 2026, PNC's capital markets and advisory accounted for approximately 20.8% of total noninterest income, with revenues from those businesses up 65.9% year over year in the first half of 2026. The investment-banking business Harris Williams is also on track for a record year, after the 2025 acquisition of Aqueduct Capital Group added private-equity and private-credit capital-raising capabilities and the 2023 merger with Sixpoint Partners expanded capital-solutions and primary-fund-placement capabilities. Fee-generating businesses including capital markets, M&A advisory and treasury management now account for about 40% of corporate-bank revenue, and the January 2026 acquisition of FirstBank, converted in June 2026, expanded PNC's presence across Colorado and Arizona, with Colorado emerging as its fastest-growing asset-management market. Among peers, Goldman Sachs held its No. 1 position in announced and completed M&A in the first half of 2026 with investment-banking fees up 52% year over year to $6.2 billion, while JPMorgan retained its No. 1 global ranking in investment-banking fees with a 9.3% wallet share.

Impact on stocks 4

Financials▲ · 3 stocks
PNC Financial Services Group Inc
PNC
▲ PositiveCapitalrelevance

PNC raised its 2026 non-interest income growth outlook to about 9% on record capital-markets pace and stronger cross-selling.

Goldman Sachs Group Inc
GS
▲ PositiveCompetitionrelevance

Article notes Goldman held its No. 1 position in announced and completed M&A in H1 2026 with IB fees up 52% year over year to $6.2 billion.

Digital Finance & Tokenization▲ · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCompetitionrelevance

Article notes JPMorgan retained its No. 1 global ranking in investment-banking fees with a 9.3% wallet share.

© 2026 MarketDXNews