Citizens Financial Group, Inc. (CFG)
| Market Cap | 14.71B |
| Revenue (ttm) | 7.55B |
| Net Income (ttm) | 1.96B |
| Shares Out | 484.31M |
| EPS (ttm) | 4.10 |
| PE Ratio | 7.41 |
| Forward PE | 7.27 |
| Dividend | $1.65 (5.43%) |
| Ex-Dividend Date | Jan 30, 2023 |
| Volume | 10,878,997 |
| Open | 31.11 |
| Previous Close | 30.77 |
| Day's Range | 29.96 - 31.26 |
| 52-Week Range | 28.79 - 46.10 |
| Beta | 1.34 |
| Analysts | Buy |
| Price Target | 46.97 (+54.66%) |
| Earnings Date | Apr 19, 2023 |
About CFG
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association 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, educ... [Read more]
Financial Performance
In 2022, CFG's revenue was $7.55 billion, an increase of 6.93% compared to the previous year's $7.06 billion. Earnings were $1.96 billion, a decrease of -11.15%.
Financial StatementsAnalyst Forecast
According to 26 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is $46.97, which is an increase of 54.66% from the latest price.
News
Citizens Financial Unit Investigated for Sales of Savings Product Controlled by Troubled Financier Greg Lindberg
Massachusetts securities regulators confirmed they are examining sales of annuities offered by Colorado Bankers Life Insurance.
Citizens, LISC Team up to Help Workers Build Digital Skills That Open Doors to Strong Jobs, Economic Opportunity
NEW YORK & PROVIDENCE, R.I.--(BUSINESS WIRE)--The Citizens Charitable Foundation announced today a $1.25 million grant to the Local Initiatives Support Corporation (LISC) to fuel digital inclusion in ...
Citizens Financial Group Announces First Quarter 2023 Earnings Conference Call Details
PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its first quarter 2023 earnings on April 19, 2023. The news release and supplemental ...
Expanding the FDIC deposit cap would increase the rate of bank failures, says Cato's Mark Calabria
Mark Calabria, senior advisor at The Cato Institute and former director of The Federal Housing Finance Agency and CNBC's Steve Liesman, join 'The Exchange' to discuss the latest takeaways from the hea...
Want Diversified Exposure in the Regional Banks? Try These ETFs
The Silicon Valley Bank implosion created a domino effect, with regional bank stocks selling off to levels not seen in years. The key word here is contagion and the fear of it.
Citizens Financial (CFG) Plans to bid for SVB's Private Bank
Citizens Financial (CFG) intends to bid for the acquisition of fallen SVB's private banking business.
Citi analyst sees ‘ample' liquidity in banks to cover deposit withdrawals
Regions Financial Corp. RF, -1.63% , KeyCorp KEY, -6.47% and Fifth Third Bancorp FITB, -2.16% top a list of nine regional banks as measured by total available liquidity to cover potential deposit outf...
Exclusive: Citizens Financial eyes bid for SVB's private bank - sources
Citizens Financial Group Inc is working on a bid to acquire the private banking business of failed Silicon Valley Bank, two people familiar with the matter said on Thursday.
Citizens Financial Group Announces Prime Rate Change
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Citizens Bank, N.A. has raised its prime lending rate to 8.00 percent from 7.75 percent, effective Th...
Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
Sens. Booker and Warnock say overdraft and nonsufficient fund fees are causing hardship for Americans who relied on SVB and Signature Bank for payments.
There are better sectors than financials right now, says Hennessy Funds' David Ellison
David Ellison, Hennessy Funds portfolio manager, and Michael Vogelzang, Captrust CIO, join 'The Exchange' to discuss the regional bank trade.
UBS analyst Erika Najarian breaks down regional banks
Erika Najarian, UBS equity research analyst, joins 'Squawk on the Street' to discuss her thoughts about regional bank stocks as they continue to be punished.
The bank environment is not in a state that attracts capital, says Worth Charting 's Carter Worth
Carter Worth, Worth Charting Founder and CEO, joins' Power Lunch' to discuss bank technicals, historical investment changes, and investors pulling away from bank stocks.
Investors are flocking to these well capitalized regional banks after SVB's collapse, market analyst says
Despite fallout from SVB, investors have already began returning to bank stocks, and should seek out firms with strong deposit franchises.
Regional banks might be more reluctant with lending following the SVB collapse: CFRA's Sam Stovall
Sam Stovall, CFRA Research chief investment strategist, joins 'Power Lunch' to discuss regional banks suffering following the Silicon Valley Bank collapse, the market response to SVB's crisis, and inv...
Depositor protection still lacks codification, says NYT's Kate Kelly
Hugh Son, banking reporter for CNBC.com, and Kate Kelly, a reporter with The New York Times, join 'Power Lunch' to discuss the run on regional banks, the difference between Silicon Valley Bank's colla...
Citizens Extends Branch Hours to Further Serve Customers and Communities
PROVIDENCE, R.I.--(BUSINESS WIRE)--Given recent market developments, Citizens has seen higher than normal interest from prospective new customers over the past few days. In an effort to further suppor...
Citizens Financial Group (CFG) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Citizens Financial Group (CFG) have what it takes?
Citizens Financial (CFG) Announces New Share Repurchase Plan
Citizens Financial (CFG) announces a new share repurchase program. This, along with regular annual dividend hikes, will continue to enhance shareholder value.
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 April 6, 2023...
Citizens Financial Group, Inc. Announces $1.15 Billion Increase in Share Repurchase Authorization
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) today announced that its board of directors has increased the capacity of the Company's common share repu...
Citizens Financial Group (CFG) Up 6.2% Since Last Earnings Report: Can It Continue?
Citizens Financial Group (CFG) reported earnings 30 days ago. What's next for the stock?
Citizens Financial Group to Participate at the 2023 RBC Capital Markets Financial Institutions Conference
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chairman and Head of Commercial Banking Don McCree will participate at the RBC Capital Markets F...
Why Citizens Financial Group (CFG) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Citizens Financial Group (CFG) have what it takes?