Citizens Financial Group, Inc. (CFG)
| Market Cap | 19.67B |
| Revenue (ttm) | 7.37B |
| Net Income (ttm) | 1.31B |
| Shares Out | 455.02M |
| EPS (ttm) | 2.77 |
| PE Ratio | 15.61 |
| Forward PE | 13.06 |
| Dividend | $1.68 (3.89%) |
| Ex-Dividend Date | Apr 30, 2024 |
| Volume | 5,802,931 |
| Open | 43.49 |
| Previous Close | 43.24 |
| Day's Range | 43.02 - 43.96 |
| 52-Week Range | 22.77 - 43.96 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 41.13 (-4.86%) |
| Earnings Date | Jul 17, 2024 |
About CFG
Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, ... [Read more]
Financial Performance
In 2023, CFG's revenue was $7.54 billion, a decrease of -0.13% compared to the previous year's $7.55 billion. Earnings were $1.49 billion, a decrease of -23.93%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is $41.13, which is a decrease of -4.86% from the latest price.
News
Citizens Financial CEO on Q2 earnings
Bruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what's driving the company's net interest income data, and where the eco...
U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues
Upbeat sentiment toward bank stocks continued Wednesday as U.S. Bancorp and Citizens Financial Group Inc. both rose on mostly positive quarterly results.
US banks see high deposit costs, investment banking boost
U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units.
Citizens Financial's profit beats estimates on strong capital markets
Citizens Financial beat expectations for second-quarter profit on Wednesday, as strong capital markets softened the hit from weaker lending.
Citizens Financial Group, Inc. Reports Second Quarter 2024 Net Income of $392 million and EPS of $0.78
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported second quarter 2024 financial results. The earnings press release, investor presentation, and...
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
Citizens Financial Group, Inc. Announces Preliminary Stress Capital Buffer and $656 million Increase in Share Repurchase Authorization to $1.25 billion
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) today announces the Board of Governors of the Federal Reserve System (the “Federal Reserve”) has communic...
Citizens, Inc. Corrects Information Error in Some Investor Platforms
Austin, Texas--(Newsfile Corp. - June 27, 2024) - Citizens, Inc. (NYSE: CIA), a leading diversified financial services company specializing in life, living benefits, and final expense insurance, today...
Citizens Builds on Growing Presence in California with Hiring of Middle Market Regional Executive
PROVIDENCE, R.I.--(BUSINESS WIRE)--Further strengthening its growing presence in California, Citizens Financial Group, Inc. (NYSE: CFG) today announced that Michael Walker has joined the company to le...
Citizens Financial Group Announces Second Quarter 2024 Earnings Conference Call Details
PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its second quarter 2024 earnings on July 17, 2024. The news release and supplemental ...
Citizens Financial Group Appoints Don McCree as Senior Vice Chair
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced that Don McCree, Head of Commercial Banking, has been appointed as Senior Vice Chair of Citizens. Chairman...
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
Bank stocks and corporate bonds hold gains on flat inflation report and Fed update
Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.
Citizens Financial Group, Inc. Announces Date and Time Change for Third Quarter 2025 Results Conference Call
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group (NYSE: CFG) today announced that it has changed the date and time of its third quarter 2025 conference call to discuss its financial results...
Citizens Financial CEO on CRE, Interest Rates, M&A
Citizens Financial Group CEO Bruce Van Saun says that office-related issues shouldn't be generalized throughout all commercial real estate and discusses raising the bank's visibility in New York and b...
Citizens Financial Group to Participate at the Morgan Stanley U.S. Financials, Payments & CRE Conference
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods will participate at the Morgan Stanley U.S. Financi...
KBRA Assigns AA- to Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series C of 2024; Affirms Related Ratings
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series C of 2024. KBRA additionally affirms: The...
Citizens Financial Group Announces Redemption of All Outstanding Depositary Shares Representing Interests in Series D Preferred Stock
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the redemption on July 8, 2024 (the “Redemption Date”) of 12,000,000 depositary shares (NYSE: CFG PrD; CUS...
Citizens Survey Finds Majority of Americans Ill-Prepared for Historic Multigenerational Wealth Transfer
PROVIDENCE, R.I.--(BUSINESS WIRE)--Nearly three quarters of Americans (72%) lack the financial confidence needed to manage a large influx of money on their own, according to a new survey by Citizens. ...
Citizens Builds on Growing Presence in Florida, Announces First Market President
PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--Citizens Financial Group, Inc. (NYSE: CFG) today announced that Jim Weiss has joined Citizens as Florida market president to bring additional local focus and...
Citizens Financial Group to Participate in the Bernstein 40th Annual Strategic Decisions Conference 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate in the Bernstein 40th Annual Str...
Citizens Financial Group, Inc. Declares Dividends on Preferred Stock
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on July 8, 2024,...
Citizens Bank, N.A. Announces Redemption of Senior Notes
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Bank, N.A. today announced the redemption on May 23, 2024 (the “Redemption Date”) all of its outstanding $650,000,000 aggregate principal amount 4.119% Fixe...
Citizens Business Conditions Index™ Drops in Q1
PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarter...