Bank of Montreal Can Reduces Stake in PNC Financial Services

The financial services firm lowered its position in the banking giant by 2.4% in the third quarter.

Published on Mar. 11, 2026

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Bank of Montreal Can, a large investment firm, reduced its stake in The PNC Financial Services Group, Inc. by 2.4% in the third quarter of 2025, according to a recent SEC filing. The firm now owns 847,852 shares of the financial services provider's stock, worth approximately $170 million.

Why it matters

PNC Financial Services is one of the largest regional banks in the United States, with a significant retail branch network and a diversified business model. Institutional investors closely monitor changes in ownership of major banking stocks like PNC, as it can signal broader market trends or shifts in investor sentiment.

The details

In its 13F filing with the SEC, Bank of Montreal Can reported selling 20,767 shares of PNC Financial Services during the third quarter. The firm now owns a 0.22% stake in the company, down from 0.24% in the prior quarter. PNC's stock price has fluctuated in recent months amid broader market volatility and changes in the interest rate environment.

  • Bank of Montreal Can filed its 13F report for the third quarter of 2025 on March 11, 2026.

The players

Bank of Montreal Can

A large Canadian investment firm and one of the largest institutional investors in PNC Financial Services.

The PNC Financial Services Group, Inc.

A major U.S. regional bank with a diversified business model including consumer and commercial banking, mortgage lending, asset management, and wealth advisory services.

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The takeaway

The reduction in Bank of Montreal Can's stake in PNC Financial Services is a relatively small change, but it reflects the ongoing shifts in institutional ownership of major banking stocks as investors navigate a complex economic and regulatory environment.