Citizens Financial Group (CFG) has been the subject of significant market activity involving various investment groups.
Mutual of America Capital Management LLC and
SG Americas Securities LLC adjusted their holdings in CFG while there were notable buy-ins from
Csenge Advisory Group,
Daiwa Securities Group Inc., and
Janney Montgomery Scott LLC.
Price Target for CFG has been raised by analysts at
Keefe, Bruyette & Woods and
Jefferies Financial Group. High trading volumes and achieving new 1-year highs have led to outperformance against competitors on several trading days. The closing of the buyout of 80 HSBC East Coast Branches, announcement of dividends, and an increase in Share Repurchase Authorization to
$1.25 billion were key developments. Deal rebound is expected to boost CFG's Q2 earnings, however, potential reserve build serves as a cause for caution. The company intends to enhance private credit and targets
$10 Billion in assets by 2025 with a New Private Bank. Despite mixed earnings results amidst market challenges, analysts hold a 'Hold' average rating. CFG's Q1 Earnings missed expectations, mainly due to rising costs.
Citizens Financial Group CFG News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 19:25:15 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -1
