Citizens Financial Group (CFG) continues to
outperform competitors despite market fluctuations. They have cut their prime rate to 7.50%, indicating a significant lending rate adjustment. With a recent
net income report of $382 million and EPS of $0.77 for Q3 2024, it is considered one of the best banking stocks for long-term investing. The bank continues to expand in California, further strengthening their presence. CFG's stock performance is hitting headlines by
outperforming both the NASDAQ and S&P 500. Major earners like Virtu Financial LLC and Franklin Resources Inc. have increased their stakes in CFG. Analysts now have a “Moderate Buy”
recommendation for CFG. However, while second quarter earnings missed estimates, they were still in line with expectations. CFG's dedication to
innovation and strategic growth is indicating a positive
outlook. This can also be depicted by their hiring of an executive to lead their Wealth Business, and CFG's participation in upcoming financial conferences. Despite a negative forecast from DA Davidson, the company's shares still held steady.
Citizens Financial Group CFG News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Fri, 27 Dec 2024 22:14:00 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 4
