Citizens Financial Group (CFG) recently announced a dividend of $0.42 and is set to discuss its 2026 quarterly financial results in an upcoming earnings conference call. Major holders such as New York State Teachers Retirement System and Wealth Enhancement Advisory Services LLC hold substantial stakes in CFG. The Group has also confirmed a change in its prime rate.
As notable achievements, the Group posted net income of $382 million and earnings per share (EPS) of $0.77 in Q3 2024, and backed the NYC Marathon. Despite market fluctuations and challenges, institutional investors such as Forsta AP Fonden and Pallas Capital Advisors LLC continue to invest in CFG.
Moreover, CFG has been upgraded by Goldman Sachs for having high consensus ROE and seen massive support from investment experts like Jim Cramer. The stocks performance also remains strong with a YTD increase of 28.7%. Although it has faced some dips such as the miss in Q2 earnings estimate, it bounced back with stellar Q3 earnings while overcoming significant economic and sectoral challenges.
Besides financial performance, there have also been changes in the company's leadership structure, including the appointment of Claude E. Wade to the Board of Directors and Christopher Schnirel as Controller and Chief Accounting Officer.
Citizens Financial Group CFG News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Sat, 02 Nov 2024 08:44:14 GMT -
