Citizens Financial Group, Inc. (CFG)
| Market Cap | 15.58B |
| Revenue (ttm) | 7.54B |
| Net Income (ttm) | 1.49B |
| Shares Out | 458.40M |
| EPS (ttm) | 3.13 |
| PE Ratio | 10.86 |
| Forward PE | 10.51 |
| Dividend | $1.68 (4.94%) |
| Ex-Dividend Date | Jan 30, 2024 |
| Volume | 7,999,177 |
| Open | 33.02 |
| Previous Close | 32.90 |
| Day's Range | 32.86 - 34.00 |
| 52-Week Range | 22.77 - 36.38 |
| Beta | 1.35 |
| Analysts | Buy |
| Price Target | 35.93 (+5.71%) |
| 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]
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 15 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is $35.93, which is an increase of 5.71% from the latest price.
News
Banks are well positioned for CRE concerns, says Baird's David George
David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.
Citizens Financial is latest lender to tap the bond market a day after earnings
Citizens Financial Group is tapping the investment-grade bond market on Thursday with an offering of fixed- and floating-rate senior notes, a day after it reported its first-quarter earnings.
Citizens Financial Group CEO on Q1 results
Bruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss how Van Saun characterizes the company's quarterly earnings results, why capital markets activity is sustainable, ...
Citizens Financial Group, Inc. Reports First Quarter 2024 Net Income of $334 million and EPS of $0.65
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported first quarter 2024 financial results. The earnings press release, investor presentation, and ...
Citizens Financial Group Names Paul Casey to Lead Wealth Business
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced that Paul Casey will join the bank as Head of Wealth Management, effective July 9. In this role, he will f...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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 ...
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.
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.
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...
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...
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.
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...
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.
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...