Citizens Financial Group, Inc. (CFG)

NYSE: CFG · IEX Real-Time Price · USD
33.14
-0.43 (-1.28%)
Apr 12, 2024, 4:00 PM EDT - Market closed
-1.28%
Market Cap 15.19B
Revenue (ttm) 7.54B
Net Income (ttm) 1.49B
Shares Out 458.40M
EPS (ttm) 3.13
PE Ratio 10.59
Forward PE 10.25
Dividend $1.68 (5.07%)
Ex-Dividend Date Jan 30, 2024
Volume 3,445,213
Open 33.07
Previous Close 33.57
Day's Range 32.96 - 33.48
52-Week Range 22.77 - 36.38
Beta 1.35
Analysts Buy
Price Target 35.88 (+8.27%)
Earnings Date Apr 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]

Sector Financials
IPO Date Sep 24, 2014
Employees 17,750
Stock Exchange NYSE
Ticker Symbol CFG
Full Company Profile

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 Statements

Analyst Forecast

According to 18 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is $35.88, which is an increase of 8.27% from the latest price.

Price Target
$35.88
(8.27% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Banker sees healthy M&A, IPO deal pipeline as private-equity firms look to deploy cash

The dealmaking pipeline for mergers and well as initial public offerings continues to improve from a year ago as private-equity firms and middle-market businesses gear up to transact, a high-ranking b...

Other symbols: RDDT
11 days ago - Market Watch

Citizens Financial Group Announces First Quarter 2024 Earnings Conference Call Details

PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its first quarter 2024 earnings on April 17, 2024. The news release and supplemental ...

11 days ago - Business Wire

Business Leaders Are Embracing Private Equity Partners, Citizens Survey Finds

PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--Private equity entered 2024 ready to shop, and a study released today by Citizens reveals many business leaders may be open to making a deal. Nearly three qu...

11 days ago - Business Wire

Citizens Announces $2.4M in Financial Empowerment Grants to Support 137 Nonprofits

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens today announced $2.4 million in financial empowerment grants to support 137 nonprofit organizations, including $415,000 to Junior Achievement as part of the...

17 days ago - Business Wire

Citizens Financial Group Chairman and CEO Awarded Foreign Policy Association Medal; Highlights Vital Role of US Banks in Global Economy

PROVIDENCE, R.I.--(BUSINESS WIRE)--The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the value...

5 weeks ago - Business Wire

Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate

Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...

6 weeks ago - Market Watch

Fears about office-space loans are ‘overblown,' Citi says

While commercial-real-estate loan delinquencies will increase, the $39 billion that banks have already set aside to cover losses should be enough to mitigate any impact to the system, Citi analysts sa...

Other symbols: BPOPCMAFHNKEYMTBNYCB
7 weeks ago - Market Watch

Citizens Financial Group to Participate at the 2024 RBC Capital Markets Financial Institutions Conference

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chair and Chief Financial Officer John Woods and Chief Risk Officer Richard Stein will participa...

7 weeks ago - Business Wire

Citizens Financial Group Announces Appointment of Tracy A. Atkinson to Board of Directors; Edward J.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Tracy A. Atkinson to the company's Board of Directors, effective March 1, 2024. Atkinso...

2 months ago - Business Wire

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 8, 2024...

2 months ago - Business Wire

Citizens Financial Group Appoints Brendan Goode as Chief Security Officer

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming...

2 months ago - Business Wire

Citizens Accelerates Wealth Management Business with Strategic Leadership Hires and Opening of New Citizens Private Banking Office

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today unveiled a number of changes aimed at accelerating the growth of its Wealth Management and Private Banking business ...

2 months ago - Business Wire

New York Community Bank Was an ‘Outlier.' Bank Stocks to Buy on the Dip.

Citigroup analyst Keith Horowitz upgraded Citizens Financial Group to Buy from Hold, and reiterated a Buy rating on M&T Bank.

Other symbols: MTB
2 months ago - Barrons

Citizens Financial Group gets an upgrade as analyst sifts through regional-banking stocks

Saying last week's sell-off triggered by one bank's results appears to be overblown, Citi analyst Keith Horowitz on Monday upgraded Citizens Financial Group Inc. to buy from hold.

2 months ago - Market Watch

Citi sees opportunity in US bank stocks to 'play offense' after recent turmoil

Investors should be aggressive in buying U.S. banking stocks, as a recent upheaval in the industry has created "attractive entry points," Citigroup analysts said on Monday, while upgrading their ratin...

2 months ago - TechCrunch

Citizens Financial CEO Calls NYCB ‘An Outlier'

“For the most part, everything's in the rear-view mirror now,” says Citizens Financial Group CEO Bruce Van Saun as he discusses real estate risks for banks. Van Saun says he doesn't expect “any materi...

Other symbols: NYCB
2 months ago - Bloomberg Markets and Finance

Banks' office-loan exposure remains a ‘mixed bag' as lenders manage through downturn

Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home.

Other symbols: HBANNYCB
2 months ago - Market Watch

Citizens Business Conditions Index™ Rises in Q4

PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consume...

2 months ago - Business Wire

Not all regional banks are created equal, says Jim Cramer

'Mad Money' host Jim Cramer talks the state of regional banks and investing opportunities in the sector.

3 months ago - CNBC Television

US regional banks get solid welcome for new bonds

Two major U.S. regional banks raised a total $4.75 billion selling bonds on Thursday, on the back of strong demand in a sign that fixed income investors are no longer jittery about regional banks afte...

Other symbols: USB
3 months ago - Reuters

Citizens Launches Seventh Annual Small Business Community Champion Award Contest

PROVIDENCE, R.I.--(BUSINESS WIRE)--Today Citizens announced it has opened its annual Small Business Community Champion Award Contest, which will again recognize the positive contributions small busine...

3 months ago - Business Wire

US bank profits fall as competition for deposits erodes lending margins

Several large U.S. regional banks reported lower profits on Wednesday, a further sign that the 2023 income boost from high interest rates is starting to wane.

Other symbols: SCHWUSB
3 months ago - Reuters

Citizens Financial CEO on Q4 results: We are starting to see less pressure on our funding cost

Bruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss the company's net interest income data, how lower interest rates could provide a tailwind for the bank's net inter...

3 months ago - CNBC Television

Citizens Financial Group, Inc. Reports Fourth Quarter 2023 Net Income of $189 million and EPS of $0.34

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported fourth quarter and full year 2023 financial results. The earnings press release, investor pre...

3 months ago - Business Wire

Citizens M&A Outlook Finds Surging Enthusiasm Supported by Unexpected Factors

PROVIDENCE, R.I.--(BUSINESS WIRE)-- #mergersacquisitions--Citizens' 2024 M&A Outlook revealed optimism around the environment for dealmaking activity this year, underpinned by solid expectations for t...

3 months ago - Business Wire