Key developments in the
Citizens Financial Group (CFG) include an expected growth in earnings and a positive shift in the stock's trajectory in June. Major financial entities, like Principal Financial Group Inc and Stieven Capital Advisors L.P, have sold and acquired CFG shares respectively, predicting an
earnings turnaround ahead of July's report. Amid this, CFG managed to cross the 7% yield mark in their non-cumulative perpetual preferred stock, series H shares, demonstrating strong financial performance. In other positive developments, Jefferies has adjusted CFG's price target from $50 to $60, reaffirming its buy rating. There was mention of leadership shake-up with the appointment of a new president. Reports have also surfaced about the firm's
buyback plan causing CFG shares to hike by 0.70%. A buyback adds to investor confidence. Analysts predicting CFG to be among the best bank stocks to invest in the longer term and for 2025 attests to its strong performance. However, the analysis also cautions against potential challenges in the banking stock that CFG has to navigate. At the same time, it is seen as a
hidden gem in the value hunt within banking and boasts of strong natural interest margins.
Citizens Financial Group CFG News Analytics from Sun, 08 Sep 2024 07:00:00 GMT to Sat, 12 Jul 2025 11:36:56 GMT -
Rating 7
- Innovation 4
- Information 6
- Rumor -4
