Citizens Financial Group (CFG) has fulfilled a substantial amount of discussion in the financial sector, mixed with numerous assessments from market specialists. Their
Q3 2024 earnings release illustrated a net income of
$382 million and EPS of
$0.77, although revenues fell short of respective expectations. Despite this, CFG’s
dividend of $0.42 has been confirmed. The firm's financial results were fluctuating, and while earnings matched estimates, revenues have not. Pundits, including
Jim Cramer, have reiterated their trust in the company, encouraging others to invest. A noteworthy move by the company recently is the move to shutter some of its branches in Pittsburgh and across six other states.
Royal Bank of Canada enhanced CFG's price target to
$45.00, and the
Citizens Financial stock reached a 52-week high of
$43.96. Profits surpassed expectations pushed by strong capital markets. The company’s continuous expansion in California adds to its growth narrative. Despite regional banking sector woes, CFG received an upgrade confirming improved price performance.
Citizens Financial Group CFG News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Sat, 19 Oct 2024 20:56:49 GMT -
Rating 0
- Innovation -4
- Information 6
- Rumor -3
