The American bank, Citizens Financial Group (CFG), has been experiencing a significant period of stock activity and corporate movements. ZWJ Investment Counsel Inc.'s stake in the firm now exceeds $4.84 million while other organizations, including Lbp Am Sa, Pallas Capital Advisors LLC, and Evercore ISI Group, have also either purchased or maintained their CFG holdings. Additionally, CFG stock targets were raised, hitting a 52-week high at 54.4 USD according to reports. Truist Securities established a new stock price target at $58, reflecting upward momentum.
Quarterly earnings for Q2 2025 have also been disclosed with CFG reporting a net income of $436 million and an EPS of $0.92. CFG has opted to redeem all outstanding 4.3% subordinated notes, signalling a tactical shift in capital allocation strategies with an increase in their common share repurchase authorization to $1.5 billion. The dividends on preferred stock were also declared. Lastly, the bank saw a leadership and management expansion fostering stability and creating an atmosphere of steadfast growth.
Citizens Financial Group CFG News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Sat, 04 Oct 2025 11:58:25 GMT - Rating 8 - Innovation 6 - Information 7 - Rumor 2
