Stress Test Passed, Yet $9 Billion Vanished in a Day at Major U.S. Bank

U.S. bank stock PNC Financial Services Group (PNC) plunged 7.08% on the New York Stock Exchange on the 26th, closing at $227.91. In a single day, its market value fell by about $6.1 billion (roughly ₩9 trillion), with trading volume around 1.13 million shares.

On June 24, PNC disclosed the results of its Dodd-Frank Act company-run stress test conducted by the Federal Reserve, confirming that its stress capital buffer remains at the regulatory minimum of 2.5%. The bank also announced plans to raise its common-stock quarterly dividend by 18%, to $2 per share, for the third quarter of 2026. Although all 32 large U.S. banks passed the Fed’s annual stress test, market views differ on whether PNC’s capital buffer provides sufficient protection.

PNC Financial Services, headquartered in Pittsburgh, Pennsylvania, is a major U.S. bank holding company offering a full range of traditional financial services—including retail banking, corporate finance and asset management—and operates thousands of branches and ATMs across 27 states and Washington, D.C. Founded in the mid-19th century as a regional bank, PNC has grown through mergers, acquisitions and nationwide expansion to become one of the nation’s leading banks.