Pinnacle Financial Partners Inc (PNFP) News & EventsPNFPPinnacle Financial Partners Inc

Goldman Sachs, JPMorgan, and Others to Report Earnings on October 13

Goldman Sachs, JPMorgan, Wells Fargoand Citiare scheduled to report earnings on October 13, while Morgan Stanleyand Bank of Americaare expected to announce earnings the day after. What to watch for:OUTLOOK:JPMorgan is expected to post third quarter EPS of $5.93 on revenue of $51.2B, Goldman Sachs $12.87 on $16.8B, Wells Fargo $1.85 on $22.3B, Citi $2.65 on $23.7B, Bank of America $1.10 on $30.6B, and Morgan Stanley $2.93 on $19.9B.STOCK ACTION:JPMorgan and Citi shares are down about 4% over the past month, Goldman Sachs nearly 10%, Wells Fargo more than 6%, and Bank of America and Morgan Stanley over 8%.AI SCARE TRADE:Ahead of quarterly results, Wells Fargo analyst Mike Mayo says the firm remains constructive on bank stocks over the next year but urges investors to "mind the gap" given rate concerns and, to a lesser extent, narratives around AI and the mid terms. Wells argues three emerging negative themes are "overdone": the AI "scare trade," which it expects to reverse as earnings reinforce trust driven deposit moats; mid term election noise that may slow deregulation but not derail it; and worries that higher rates are hurting capital markets, loan growth and credit, though the firm notes potential extra provisions tied to data center credit issues and softer FICC.Wells continues to see "Goliath as winning" in deposit competition. Its top pick remains Citi, though it expects a so so Q3, followed by Bank of America with relatively weak capital markets trends. Among large regionals, the firm favors Fifth Thirdand PNC Financial. In mid caps, Wells prefers Banc of California, Old National Bancorpand Pinnacle Financial, while remaining cautious near term on BOK Financial, BankUnitedand Commerce Bancshares.SELECTION 'IS CRITICAL':TD Cowen resumed coverage of 16 large-cap banks, assigning Hold ratings to JPMorgan, Bank of America and Morgan Stanley, and Buy ratings to Wells Fargo, Citi and Goldman Sachs. The firm says the fundamental backdrop "seems about as good as it gets," but views stock selection as "critical" given its stronger conviction in sector fundamentals than in current valuations.

Pinnacle Financial Increases Deposit Market Share to 3.73%

Pinnacle Financial Partners continued to build deposit share in key markets across the Southeast during the 12 months ending June 30, 2026, according to newly released data from the Federal Deposit Insurance Corporation. Pinnacle Financial Partners bank headquarters in Nashville, TN. Pinnacle holds $98.2 billion in deposits in the covered MSAs within its footprint, representing 3.73% of market share. Up $6.2 billion, or 6.7%, compared to the combined firm's pro forma at the same point in 2025. No. 1 in the Nashville MSA with $22.7 billion, 21.1% market share and 5% growth. No. 4 in the Atlanta MSA with $17.1 billion, 6.7% market share and 12% growth. 39 markets with deposit growth.17 markets moved up in rankings. 17 markets with double-digit growth, 2 with triple-digit growth