Citizens Financial Group (CFG) is poised for strong earnings growth, with multiple financial analysts initiating coverage of the company, having a 'hold' recommendation.
Barclays is forecasting significant price appreciation for CFG, bolstered by robust Q3 2024 financial performance, reporting net income of $382 million and EPS of $0.77.
Surveys indicate a 5-year high in M&A sentiment, positing robust deal activity in the coming year. CFG's massive asset base remains healthy, notwithstanding a key lending rate adjustment from 7.75% to 7.50%. The group's stock showed an upward trend, increasing 10.6% post the last earnings report.
Jim Cramer, renowned financial commentator, has publicly expressed his belief in the long-term potential of CFG. However, the quarterly earnings for Q3 2024 did not meet the Wall Street expectations. Nonetheless, the group continues its expansion plans with new executive appointments and strategic hires in the Consumer Banking and Middle Market Regional Executive positions.
Goldman Sachs highlighted CFG for its high consensus Return on Equity (ROE), and its preferred stock has recently shot past the 6% yield mark. Notably, despite strategic shifts, CFG's robust SWOT analysis presents an optimistic outlook.
Citizens Financial Group CFG News Analytics from Tue, 02 Apr 2024 07:00:00 GMT to Fri, 10 Jan 2025 15:00:09 GMT -
Rating 7
- Innovation 2
- Information 7
- Rumor 1
