PNC (PNC) expects CRE inflection to be in Q2-2026, though with some spot growth in Q1-2026, and the real estate lending pipeline to be up by c. 300%
Newsquawk Staff ·
PNC (PNC) expects CRE inflection to be in Q2-2026, though with some spot growth in Q1-2026, and the real estate lending pipeline to be up by c. 300%.
What it means
PNC's guidance indicates a significant expectation of recovery in commercial real estate (CRE) lending by Q2 2026, with an early sign of growth anticipated in Q1. This suggests a bullish outlook for real estate and may signal a broader recovery in banking operations related to this sector, potentially influencing peer performance and investor sentiment in the diversified banks space.
- JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports
- US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats
- US Broker Moves: ENPH and DYN downgraded at Oppenheimer; FFIV downgraded at Piper Sandler
- JPMorgan’s (JPM) 270 Park Avenue headquarters in Manhattan is estimated to cost approximately USD 6bln, WSJ reports
- Santander (SAN SM) Q3 (EUR) net 3.43bln (exp. 3.41bln), rev. 16.0bln (prev. 15.3bln Y/Y)
Related headlines
- Canada's Competition Bureau says proposed arrangements between Air Canada and United Airlines (UAL) would lead to higher prices, with the Transport Minister set to review the findings of its investigation28 min ago
- US EQUITY OPEN: Indices rangebound ahead of FOMC and major earnings44 min ago
- Verisk (VRSK) integrates insurance intelligence with Amazon (AMZN) and Microsoft (MSFT) AI platforms1 hour ago
- Senior US Treasury trade official Eric Ettorre will leave to join Netflix (NFLX), reports Axios1 hour ago
- T-Mobile (TMUS) CEO to step down from the board1 hour ago
- US PRE-MARKET MOVERS: SKHY, NXPI, ENPH, APH, GOOGL, HOOD, PPG, VRT, GEV, GEHC, BSX, ETSY, WEN, V2 hours ago
- Amphenol (APH) Q3 2026 (USD): Adj. EPS 0.80 (exp. 0.73), Sales 10.2bln (exp. 9.49bln)2 hours ago
- GE Vernova (GEV) expects USD 50-100mln of annual cost synergies from Trench by 2030, according to the conference call2 hours ago
- Daily US Conference Calendar - 28th October 2026: JNJ, BA, CAT3 hours ago
- Etsy Inc. (ETSY) Q3 2026 (USD): EPS 1.00 (exp. 0.77), Revenue 692mln (exp. 668mln)3 hours ago
- Etsy (ETSY) CFO Baker is to leave on March 1st 2027, will remain an advisor through July 1st 20273 hours ago
- Garmin Ltd. (GRMN) Q3 2026 (USD): Adj. EPS 2.76 (exp. 2.41), Revenue 1.99bln (exp. 1.99bln)3 hours ago
- Phillips 66 (PSX) Q3 2026 (USD): Adj. EPS 14.08 (exp. 11.73)4 hours ago
- Aon (AON) Q3 (USD): Adj. EPS 3.36 (exp. 3.30), Revenue 4.1bln (exp. 4.08bln)4 hours ago
- GE Healthcare Technologies Inc. (GEHC) Q3 (USD): Adj. EPS 1.34 (exp. 1.20), Revenue 5.5bln (exp. 5.35bln), Adj. EBIT 913mln (exp. 838.8mln)4 hours ago