Citizens Financial Group, Inc. (CFG)
Market Cap | 16.41B |
Revenue (ttm) | 7.37B |
Net Income (ttm) | 1.31B |
Shares Out | 455.02M |
EPS (ttm) | 2.77 |
PE Ratio | 13.02 |
Forward PE | 10.88 |
Dividend | $1.68 (4.66%) |
Ex-Dividend Date | Apr 30, 2024 |
Volume | 6,154,787 |
Open | 36.17 |
Previous Close | 36.02 |
Day's Range | 35.90 - 36.30 |
52-Week Range | 22.77 - 36.38 |
Beta | 1.35 |
Analysts | Buy |
Price Target | 37.73 (+4.63%) |
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 16 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is $37.73, which is an increase of 4.63% from the latest price.
News
Citizens Financial Group to Participate in the Bernstein 40th Annual Strategic Decisions Conference 2024
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate in the Bernstein 40th Annual Str...
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 8, 2024,...
Citizens Bank, N.A. Announces Redemption of Senior Notes
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Bank, N.A. today announced the redemption on May 23, 2024 (the “Redemption Date”) all of its outstanding $650,000,000 aggregate principal amount 4.119% Fixe...
Citizens Business Conditions Index™ Drops in Q1
PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 to start the year as business activity normalized from elevated levels in recent quarter...
Citizens Financial Group to Participate at the Barclays Americas Select Franchise Conference
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and CEO Bruce Van Saun will participate at the Barclays Americas Select Franchise Conference...
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 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...