There have been several changes to the shareholdings of Citizens Financial Group, Inc. (NYSE:CFG) wherein companies like Zurcher Kantonalbank Zurich Cantonalbank, Amundi, and Quantbot Technologies LP have sold their shares, while others such as Essential Planning LLC and Raymond James Financial Inc. have invested into the company significantly. The group recently strengthened its leadership with the appointment of a New General Counsel and Head of Consumer Banking. The fourth quarter 2024 net income was reported to be $401 million with EPS of $0.83. Morgan Stanley has adjusted CFG's price target to $54 after maintaining an equal weight rating. For the long term, the bank's stock is considered among the best to invest in. Jim Cramer from CNBC has expressed positivity about CFG while some suggest there could be better options. The group has also issued $750 million in senior notes and achieved strong Q4 earnings, exceeding estimates. However, due to rising costs, Q4 earnings may be affected. Finally, CFG has expanded and deepened its presence in California and Florida respectively with new hirings and teams.
Citizens Financial Group CFG News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 15 Mar 2025 08:13:09 GMT - Rating 4 - Innovation -2 - Information 6 - Rumor 2
