Citizens Financial Group
CFG

$43.23

0.02%

Market Cap: 19.6B

About: Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,100 branches in 14 states, although it is concentrated in the Northeast. It has over $220 billion of total assets. It generates maximum revenue from Consumer Banking Segment.

Employees: 17,570

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 21 analysts

0

News positive %

of 20 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $14.4B [Q4 2023] → $15.3B (+$885M) [Q1 2024]

0% more funds holding

Funds holding: 686 [Q4 2023] → 686 (+0) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 7 (+0) [Q1 2024]

0% more first-time investments, than exits

New positions opened: 87 | Existing positions closed: 87

10% less call options, than puts

Call options by funds: $154M | Put options by funds: $171M

2.15% less ownership

Funds ownership: 82.08% [Q4 2023] → 79.93% (-2.15%) [Q1 2024]

13% less repeat investments, than reductions

Existing positions increased: 233 | Existing positions reduced: 268

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Research analyst outlook

21 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$35

19%

downside

Avg. target

$41

6%

downside

High target

$49

13%

upside

21 analyst ratings

10 positive

48%

11 neutral

52%

0 negative

0%

Piper Sandler Scott Siefers	11%upside $48	Overweight Maintained	26 Jul 2024
Stephens & Co. Terry McEvoy	3%downside $42	Overweight Maintained	19 Jul 2024
UBS Erika Najarian	6%upside $46	Buy Maintained	18 Jul 2024
Goldman Sachs Ryan Merkel	13%upside $49	Buy Maintained	18 Jul 2024
RBC Capital Gerard Cassidy	1%downside $43	Outperform Maintained	18 Jul 2024

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Financial journalist opinion

Based on 20 articles about CFG published over the past 30 days

Citizens Financial Group, Inc. (CFG) Q2 2024 Earnings Call Transcript

Citizens Financial Group, Inc. (NYSE:CFG ) Earnings Conference Call July 17, 2024 9:00 AM ET Company Participants Kristin Silberberg - Executive Vice President, Investor Relations Bruce Van Saun - Chairman and Chief Executive Officer John Woods - Chief Financial Officer Brendan Coughlin - Head of Consumer Banking Don McCree - Head of Commercial Banking Conference Call Participants Peter Winter - D.A. Davidson Erika Najarian - UBS Scott Siefers - Piper Sandler Ken Usdin - Jefferies Manan Gosalia - Morgan Stanley John Pancari - Evercore Gerard Cassidy - RBC Matt O'Connor - Deutsche Bank Operator Good morning, everyone, and welcome to the Citizens Financial Group Second Quarter Earnings Conference Call.

Citizens Financial Group, Inc. (CFG) Q2 2024 Earnings Call Transcript

Citizens Financial Group: Despite Upbeat View, Critical Metrics Continue To Soften

Citizens Financial Group, Inc. reported mixed Q2 earnings, with declines in deposits and loans, but slightly higher revenue and net income. Despite a focus on quality over quantity, asset quality metrics are deteriorating, with net interest margin and net loan charge-offs on the rise. Return metrics improved, with a better efficiency ratio and higher return on average assets and equity, but the inflection in performance remains uncertain.

Citizens Financial Group: Despite Upbeat View, Critical Metrics Continue To Soften

Zacks Investment Research

Citizens Financial (CFG) Q2 Earnings Miss on Lower Loan Demand

Citizens Financial's (CFG) Q2 earnings benefit from an increase in non-interest income and reduced expenses. However, challenges emerge with lower NII and a rise in provisions.

Citizens Financial (CFG) Q2 Earnings Miss on Lower Loan Demand

CNBC Television

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 economy is in the credit cycle.

Citizens Financial CEO on Q2 earnings

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.

U.S. Bancorp, Citizens Financial shares rise as positive bank sentiment continues

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.

US banks see high deposit costs, investment banking boost

Zacks Investment Research

Citizens Financial Group (CFG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

The headline numbers for Citizens Financial Group (CFG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Citizens Financial Group (CFG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Citizens Financial Group (CFG) Q2 Earnings Miss Estimates

Citizens Financial Group (CFG) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.92 per share a year ago.

Citizens Financial Group (CFG) Q2 Earnings Miss Estimates

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's profit beats estimates on strong capital markets

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 financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. “We delivered solid performance in the second quarter, featu.

Citizens Financial Group, Inc. Reports Second Quarter 2024 Net Income of $392 million and EPS of $0.78

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