Citizens Financial Group, Inc. (CFG) showcases mixed performances. The Company had an underperformance in quarterly revenues, though it exceeded EPS estimates. Despite
Q2 Earnings lagging and considerable
trading day losses, the
stock outperformed that of its rivals. CFG's presence in Florida has grown following strategic leadership expansions, earning it ranking of "
Hold" by analysts. The Company utilized the preferred retail market to raise capital, successfully closing the Bowstring Advisors buyout and stock acquisitions by Mitsubishi UFJ and Apollon Wealth Management LLC. Dividends on preferred stock have been declared amidst the declaration of net income of $334 million, EPS of $0.65, and FY2026 Earnings prediction of $4.27 per share. The company's
stock touched a 1 year high of $36.45, despite a 9.9% loss to its investors a year ago. Unexpectedly, its CEO's salary may be scrutinized. Amidst economic headwinds, CFG tried to strengthen its balance sheet and liquidity, building a presence in Florida, eliminating NSF fees, and providing early paycheck access. Piper Sandler upgraded Citizens Financial Group's stock to “Overweight” with RS rating also improved.
Citizens Financial Group CFG News Analytics from Tue, 12 Sep 2023 07:00:00 GMT to Sun, 19 May 2024 14:58:08 GMT -
Rating 6
- Innovation 4
- Information 5
- Rumor -2
