PNC stock jumps to 4-year high after profit beat, bigger buybacks
PNC Financial shares jumped 3.9% to a four-year high after fourth-quarter earnings beat estimates and the bank forecast 14% net interest income growth for 2026. Quarterly revenue reached $6.071 billion, with net interest margin rising to 2.84%. PNC completed its FirstBank acquisition and announced up to $700 million in share buybacks. The KBW Nasdaq Bank Index slipped 0.2% as regional banks posted mixed results.