PNC vs. MS

Last updated Apr 1, 2026

Compare and contrast key facts about The PNC Financial Services Group, Inc. (PNC) and Morgan Stanley (MS).

Performance

PNC vs. MS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The PNC Financial Services Group, Inc. (PNC) and Morgan Stanley (MS). The values are adjusted to include any dividend payments, if applicable.

PNC vs. MS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNC The PNC Financial Services Group, Inc.	0.46%	12.24%	29.39%	2.71%	-18.59%	38.18%	-2.78%	40.91%	-16.98%	25.95%
MS Morgan Stanley	-6.79%	45.16%	39.73%	13.93%	-10.34%	46.65%	38.09%	32.67%	-22.76%	26.61%

Fundamentals

Market Cap PNC : $81.99B MS : $262.16B
EPS PNC : $17.53 MS : $10.58
PE Ratio PNC : 11.87 MS : 15.55
PEG Ratio PNC : 1.60 MS : 1.46
PS Ratio PNC : 2.63 MS : 2.26
PB Ratio PNC : 1.35 MS : 2.57
Total Revenue (TTM) PNC : $31.34B MS : $116.11B
Gross Profit (TTM) PNC : $22.46B MS : $66.75B
EBITDA (TTM) PNC : $8.58B MS : $26.56B

Returns By Period

In the year-to-date period, PNC achieves a 0.46% return, which is significantly higher than MS's -6.79% return. Over the past 10 years, PNC has underperformed MS with an annualized return of 12.94%, while MS has yielded a comparatively higher 23.94% annualized return.

PNC

• 1D: 3.19%
• 1M: -2.01%
• YTD: 0.46%
• 6M: 5.32%
• 1Y: 22.70%
• 3Y*: 22.66%
• 5Y*: 7.05%
• 10Y*: 12.94%

MS

• 1D: 3.91%
• 1M: -1.17%
• YTD: -6.79%
• 6M: 4.73%
• 1Y: 44.84%
• 3Y*: 27.43%
• 5Y*: 19.81%
• 10Y*: 23.94%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PNC vs. MS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PNC

PNC Risk / Return Rank: 69
PNC Sharpe Ratio Rank: 72
PNC Sortino Ratio Rank: 64
PNC Omega Ratio Rank: 66
PNC Calmar Ratio Rank: 72
PNC Martin Ratio Rank: 71

MS

MS Risk / Return Rank: 83
MS Sharpe Ratio Rank: 84
MS Sortino Ratio Rank: 79
MS Omega Ratio Rank: 82
MS Calmar Ratio Rank: 82
MS Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PNC vs. MS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The PNC Financial Services Group, Inc. (PNC) and Morgan Stanley (MS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PNC	MS	Difference
Sharpe ratio Return per unit of total volatility	0.89	1.48	-0.59
Sortino ratio Return per unit of downside risk	1.30	1.97	-0.67
Omega ratio Gain probability vs. loss probability	1.18	1.29	-0.11
Calmar ratio Return relative to maximum drawdown	1.48	2.47	-0.99
Martin ratio Return relative to average drawdown	3.48	7.75	-4.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PNC vs. MS - Sharpe Ratio Comparison

The current PNC Sharpe Ratio is 0.89, which is lower than the MS Sharpe Ratio of 1.48. The chart below compares the historical Sharpe Ratios of PNC and MS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PNC	MS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.89	1.48	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	0.70	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.76	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.27	+0.02

Correlation

The correlation between PNC and MS is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PNC vs. MS - Dividend Comparison

PNC's dividend yield for the trailing twelve months is around 3.22%, more than MS's 2.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PNC The PNC Financial Services Group, Inc.	3.22%	3.16%	3.27%	3.94%	3.64%	2.39%	3.09%	2.63%	2.91%	1.80%	1.81%	2.11%
MS Morgan Stanley	2.39%	2.17%	2.82%	3.49%	3.47%	2.14%	2.04%	2.54%	2.77%	1.72%	1.66%	1.73%

Drawdowns

PNC vs. MS - Drawdown Comparison

The maximum PNC drawdown since its inception was -76.65%, smaller than the maximum MS drawdown of -88.12%. Use the drawdown chart below to compare losses from any high point for PNC and MS.

Drawdown Indicators

	PNC	MS	Difference
Max Drawdown Largest peak-to-trough decline	-76.65%	-88.12%	+11.47%
Max Drawdown (1Y) Largest decline over 1 year	-17.21%	-18.83%	+1.62%
Max Drawdown (5Y) Largest decline over 5 years	-47.98%	-32.38%	-15.60%
Max Drawdown (10Y) Largest decline over 10 years	-49.58%	-51.33%	+1.75%
Current Drawdown Current decline from peak	-14.18%	-13.47%	-0.71%
Average Drawdown Average peak-to-trough decline	-15.72%	-33.88%	+18.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.33%	6.00%	+1.33%

Volatility

PNC vs. MS - Volatility Comparison

The current volatility for The PNC Financial Services Group, Inc. (PNC) is 5.81%, while Morgan Stanley (MS) has a volatility of 8.31%. This indicates that PNC experiences smaller price fluctuations and is considered to be less risky than MS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNC	MS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	8.31%	-2.50%
Volatility (6M) Calculated over the trailing 6-month period	16.81%	20.70%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	25.73%	30.56%	-4.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.18%	28.58%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.69%	31.51%	-1.82%

Financials

PNC vs. MS - Profitability Comparison

The chart below illustrates the profitability comparison between The PNC Financial Services Group, Inc. and Morgan Stanley over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, The PNC Financial Services Group, Inc. reported a gross profit of 6.07B and revenue of 6.07B. Therefore, the gross margin over that period was 100.0%.

MS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Morgan Stanley reported a gross profit of 17.87B and revenue of 29.99B. Therefore, the gross margin over that period was 59.6%.

PNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, The PNC Financial Services Group, Inc. reported an operating income of 2.33B and revenue of 6.07B, resulting in an operating margin of 38.4%.

MS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Morgan Stanley reported an operating income of 5.76B and revenue of 29.99B, resulting in an operating margin of 19.2%.

PNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, The PNC Financial Services Group, Inc. reported a net income of 2.02B and revenue of 6.07B, resulting in a net margin of 33.3%.

MS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Morgan Stanley reported a net income of 4.40B and revenue of 29.99B, resulting in a net margin of 14.7%.