Citizens Financial Group, Inc. (NYSE:CFG) has demonstrated excellent performance, showing a decline in short interest of 14.7% in December, and a strong net income of $401 million in Q4 and EPS of $0.83. Q4 also saw the firm's private bank reach a $7B deposit milestone. However, some suggest that there are better alternatives to CFG. Their Q4 earnings beat estimates and revenue expectations, plans a $0.42 quarterly dividend, and the intent to redeem $350M senior notes early, showcasing strong financial position. The company, as per Assenagon Asset Management S.A., has seen reduced stock position. The firm saw a large volume of call options purchases, indicating buyers' optimism. Citizens Bank, N.A. announced the redemption of senior notes. Their Q4 report showed EPS missed at $0.83, but revenue surpassed estimates at $1,986 million. Sheila Management Corp. invested $8.13 million in CFG. Reports indicate optimism for earnings growth next week. Nonetheless, Citizens Financial cut their prime rate to 7.75%, and again to 7.50%, amidst a solid $219.7B asset base.
Citizens Financial Group CFG News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sun, 19 Jan 2025 01:44:53 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor -2
