The Citizens Financial Group, Inc. (CFG) has been the focus of several market-related developments recently. Among these include changes in ownership percentages, price target adjustments, dividends announcements, and earnings results. Several renowned investment firms, including Goldman Sachs, UBS Group, and DA Davidson, have lifted their price targets for the company. Despite earning misses in Q2 2024, the firm continues to show promise with its shares outperforming competitors on strong trading days.
Apart from this, it reported net income of $392 million and an EPS of $0.78 for Q2 2024. The firm also announced a $0.42 quarterly dividend, scheduled to go ex-dividend on July 31st. Other important developments include significant investment by M&G Plc in the company and Envestnet Portfolio Solutions Inc. acquiring 1,260 shares of CFG. Furthermore, the bank’s shares saw a positive surge, with the trend expected to continue.
However, the bank faced a few challenges. It reported lower loan demand and missed estimates by $0.01 EPS. Despite these setbacks, CFG remains a focal point for analysts illustrating a positive outlook for the corporation.
Citizens Financial Group CFG News Analytics from Thu, 18 Jan 2024 08:00:00 GMT to Sun, 21 Jul 2024 15:44:25 GMT - Rating 5 - Innovation 0 - Information 8 - Rumor -3
