Citizens Financial Group (CFG) is expected to post its Q1 earnings on Wednesday with Wall Street predicting a growth in earnings. The Group's stock surged 8.9%, possibly an indication of further gains. The SEC received a DEFA14A form filed by CFG, although lower NII and higher costs may affect the Q1 earnings negatively. A large amount of shares have been purchased by entities like Federated Hermes Inc, DRW Securities LLC, and Franklin Resources Inc while others such as LSV Asset Management and Invesco Ltd are reducing their stakes. A recent executive committee appointment and a change in the prime rate have been announced by CFG. The company also reported net incomes for the third and fourth quarters of 2024. Despite being reported as thriving on organic growth, CFG has faced challenges in managing the rising costs. However, newer investments are being made by different entities in CFG with rumours about being the best local bank stock to invest in. The company now prepares to participate at different Financial Services Conferences and explores the issuance of $750 million in senior notes.
Citizens Financial Group CFG News Analytics from Wed, 26 Jun 2024 07:00:00 GMT to Sat, 12 Apr 2025 22:27:57 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -2
