Citizens Financial Group Inc. (CFG) is forecasted under a diverse set of lenses. While our summaries reveal noteworthy company pursuits, industry perceptions and results remain mixed. Wall Street projections for CFG's
Q3 key metrics expect more proactivity, with stock market performance underwhelming. The group's presence in
California is strengthening, with the hiring of a Middle Market Regional Executive and expansion through new private banking offices in the Bay Area and SoCal. The announcement of strategic leadership hires and the opening of the Citizens Private Banking Office exemplify efforts towards growing the wealth management business. However,
Analysts predict a decline in earnings, compelling StockNews.com to downgrade CFG to
Sell. Fee income could bolster Q3 earnings amid falling Net Interest Income (NII). Analysts expect CFG's Q2 earnings to surpass estimates despite the underperformance in the loan demand realm. The bank also plans to redeem Senior Notes and increase its share repurchase authorization to $1.25 billion. Opinions of CFG remain reserved, with the consensus analyst rating being
Hold. Despite a positive view, it seems critical metrics are softening. CFG's future outlook hinges on the execution of its strategic initiatives and robust balance sheet management.
Citizens Financial Group CFG News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Fri, 11 Oct 2024 13:15:19 GMT -
Rating 4
- Innovation 3
- Information 7
- Rumor -2