Citizens Financial Group (CFG) has recently seen several changes in ownership, some institutions reducing their stock holdings, such as Price T Rowe Associates Inc. MD, Teachers Retirement System of the State of Kentucky, and Advisors Asset Management Inc., while others increase, such as Swedbank AB, LRI Investments LLC, and Interval Partners LP. The Second Quarter 2024 Earnings fell short of estimates, with a reported net income of $392 million and EPS of $0.78. Despite the missed estimates, CFG has demonstrated rising price performance, reaching a 52-week high of $42.67. The Goldman Sachs Group increased CFG's price target to $49.00, while DA Davidson and Stephens set theirs to $46.00 and $42.00, respectively. The group announced a $656 million increase in share repurchase authorization to $1.25 billion and continues to show resolve amidst market challenges with its recent stress capital buffer announcement. CFG's future, despite an upbeat outlook, reveals softening critical metrics and mixed results.
Citizens Financial Group CFG News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sun, 04 Aug 2024 20:31:08 GMT - Rating 2 - Innovation -3 - Information 6 - Rumor -6
