Citizens Financial Group (CFG) has made significant moves in the market, with various action points surrounding their stocks and the company's overall financial performance. Firstly, the bank has
cut its prime rate to 7.50% under major lending rate adjustments. As a result, Franklin Resources Inc has
boosted its holdings in CFG stock, while Virtu Financial LLC has
purchased 11,038 shares in CFG. This is coupled with
Strong Buy ratings by Raymond James and Jim Cramer expressing his belief in the potential of CFG. The company demonstrated strong financial performance, with the Q3 2024 financial report showing
net income of $382 million and EPS of $0.77. Furthermore, dividends have been declared on preferred stocks with the increase in shareholders. Despite mixed performance compared to competitors on some days, CFG stock has
outperformed in the broader period. The company continues its expansion in California, appointing a middle market regional executive and strengthened its consumer banking with three key executive appointments. In conclusion, Citizens Financial Group's strategic moves and overall market performance present an
optimistic outlook for the company.
Citizens Financial Group CFG News Analytics from Mon, 15 Apr 2024 07:00:00 GMT to Fri, 20 Dec 2024 11:49:14 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 3
