Citizens Financial Group, Inc. (CFG)
| Market Cap | 18.68B |
| Revenue (ttm) | 6.90B |
| Net Income (ttm) | 2.01B |
| Shares Out | 495.45M |
| EPS (ttm) | 4.72 |
| PE Ratio | 7.99 |
| Forward PE | 8.45 |
| Dividend | $1.56 (4.14%) |
| Ex-Dividend Date | May 2, 2022 |
| Volume | 5,379,915 |
| Open | 37.43 |
| Previous Close | 38.00 |
| Day's Range | 37.35 - 38.10 |
| 52-Week Range | 36.83 - 57.00 |
| Beta | 1.41 |
| Analysts | Buy |
| Price Target | 55.08 (+46.1%) |
| Earnings Date | Apr 19, 2022 |
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...
Financial Performance
In 2021, CFG's revenue was $7.06 billion, an increase of 33.45% compared to the previous year's $5.29 billion. Earnings were $2.21 billion, an increase of 132.21%.
Financial StatementsAnalyst Forecast
According to 25 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is 55.08, which is an increase of 46.10% from the latest price.
News
Why Is Citizens Financial Group (CFG) Down 14.3% Since Last Earnings Report?
Citizens Financial Group (CFG) reported earnings 30 days ago. What's next for the stock?
Citizens Financial Group Announces Pricing of $400 Million of its Subordinated Notes and $650 Million of Citizens Ban...
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the pricing of concurrent unsecured note offerings by CFG and its banking subsidiary Citizens Bank, N.A. (“C...
How Citizens Financial used an iPhone plan to create a nationwide digital bank
Citizens Financial Group Inc. launched its Citizens Pay iPhone upgrade plan in 2015 as an early form of the buy-now-pay-later concept that's in vogue in the payments space.
Citizens Bank Awards Grants to 30 ‘Small Business Community Champions' for Creating Jobs and Fostering Economic Growth
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Bank today announced its Fifth Annual Small Business Community Champion Award winners, drawn from nearly 11,000 entries that described how businesses would ut...
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 4 percent from 3.50 percent, effective Thursda...
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 6, 2022, t...
Clarfeld | Citizens Private Wealth Opens Wealth Center in Naples, Florida
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced its newest Clarfeld Citizens Wealth Management wealth center has opened at 560 9th Street South, Naples, FL....
Citizens Financial beats quarterly earnings estimates,
Bruce Van Saun, Citizens Financial CEO, joins 'Closing Bell' to discuss the company's quarterly earnings results, how the mortgage business is doing and what a global recession would do to the banks.
Citizens Financial (CFG) Q1 Earnings Beat, Revenues Fall Y/Y
Loan growth drives NII for Citizens Financial (CFG) in Q1 earnings, while muted asset yields dent margins.
Citizens Financial Group (CFG) Tops Q1 Earnings Estimates
Citizens Financial Group (CFG) delivered earnings and revenue surprises of 13.83% and 0.31%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Citizens Financial Group shares rise after earnings beat
Citizens Financial Group Inc. CFG, +0.88% shares advanced by 2.6% in premarket trades Tuesday after it reported strong-than-expected earnings. The bank said its first-quarter profit fell 33% to $396 mil...
Citizens Financial Group, Inc. Reports First Quarter 2022 Net Income of $420 Million and EPS of $0.93
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported first quarter 2022 financial results. The earnings press release, investor presentation, and fi...
Citizens Financial (CFG) Q1 Earnings Can be Hurt by Low Fee Income
Decline in fee income and higher expenses are expected to act as spoilsports for Citizens Financial's (CFG) Q1 earnings despite stable NII.
Citizens Financial (CFG) Completes Deal to Acquire Investors
Citizens Financial (CFG) closes the buyout of Investors. The deal was announced in July 2021.
Citizens Financial Group Officially Acquires Investors Bancorp
Citizens Financial Group, Inc., which operates Citizens Bank branches in 11 states, closed its previously announced acquisition of Investors Bancorp, Inc. on Thursday (April 7), according to a joint pre...
Citizens Financial Group Completes Acquisition of Investors Bancorp
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced the closing of its previously announced acquisition of Investors Bancorp, Inc. (“Investors”). ...
Citizens Names Ben Vinzant as Chief Data and Analytics Officer
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) has named Ben Vinzant as Chief Data and Analytics Officer, effective June 27, 2022. Vinzant will join Citizens from JPMorgan...
Arcus Biosciences Set to Join S&P SmallCap 600
NEW YORK , April 4, 2022 /PRNewswire/ -- Arcus Biosciences Inc. (NYSE:RCUS) will replace Investors Bancorp Inc. (NASD:ISBC) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday,...
Citizens Financial Group and Investors Bancorp Announce Transaction Close Date for Merger
PROVIDENCE, R.I. & SHORT HILLS, N.J.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) (“Citizens") and Investors Bancorp, Inc. (NASDAQ: ISBC) (“Investors”) today announce that the expected c...
Citizens Financial Group Announces First Quarter 2022 Earnings Conference Call Details
PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its first quarter 2022 earnings on April 19, 2022. The news release and supplemental ma...
Citizens Bank Launches Early Access to Wages
Citizens Financial Group is the latest lender to introduce a way for corporate clients to give employees early access to their paycheck, the Providence-based bank announced Tuesday (March 29). Separatel...
Citizens Financial (CFG) Launches Overdraft-Free Checking Account
Citizens Financial (CFG) launches a new overdraft-free checking account named Citizens EverValue Checking to protect users from overdraft and avoid overspending their money.
Citizens Financial (CFG)-Investors Merger to Close by Mid-April
Citizens Financial (CFG) anticipates closing the Investors buyout by the middle of this April and targets conversion to complete in first-quarter 2023.
Hawkish Remarks From Powell, Others Bode Well for Banks: 3 Picks
Banks benefit from higher interest rates, and hawkish statements from the several Fed officials turn the tide in their favor. So, bank stocks - Associated Banc-Corp (ASB), Citizens Financial (CFG) and H...
Citizens Financial Group and Investors Bancorp Receive Regulatory Approval for Citizens Acquisition of Investors
Customers will continue to be served through their respective Citizens and Investors branches, websites and mobile applications after close and until systems are converted PROVIDENCE, R.I. and SHORT HIL...