Citizens Financial Group, Inc. (CFG)
| Market Cap | 15.45B |
| Revenue (ttm) | 7.79B |
| Net Income (ttm) | 1.95B |
| Shares Out | 466.22M |
| EPS (ttm) | 4.03 |
| PE Ratio | 8.22 |
| Forward PE | 10.17 |
| Dividend | $1.68 (5.07%) |
| Ex-Dividend Date | Oct 31, 2023 |
| Volume | 2,620,859 |
| Open | 33.45 |
| Previous Close | 33.57 |
| Day's Range | 32.99 - 33.55 |
| 52-Week Range | 22.77 - 44.82 |
| Beta | 1.39 |
| Analysts | Buy |
| Price Target | 33.33 (+0.57%) |
| Earnings Date | Jan 17, 2024 |
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... [Read more]
Financial Performance
In 2022, CFG's revenue was $7.55 billion, an increase of 6.93% compared to the previous year's $7.06 billion. Earnings were $1.96 billion, a decrease of -11.15%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for CFG stock is "Buy." The 12-month stock price forecast is $33.33, which is an increase of 0.57% from the latest price.
News
11 dividend stocks with high yields expected to be well supported in 2024 per strict criteria
Investors have different approaches to stock dividends. Some have no interest in current income and would prefer companies to focus on growing their businesses, rather than distributing cash to shareh...
Citizens Survey Finds Mid-Size Companies, Private Equity Firms are Embracing Artificial Intelligence
PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--Mid-size companies and private equity firms are embracing artificial intelligence by implementing the technology to assess data, automate processes and strea...
Citizens Rolls Out Sustainably Manufactured Mastercard Debit and ATM Cards
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the full rollout of Citizens Bank, N.A.'s (“Citizens”) new sustainably manufactured Mastercard® Debit and ...
Citizens Financial Group Announces Fourth Quarter and Full Year 2023 Earnings Conference Call Details
PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its fourth quarter and full year 2023 earnings on January 17, 2024. The news release ...
First Republic Crashed and Burned. This Bank Wants to Copy Its Business.
Citizens Financial is scooping up bankers from First Republic. Executives say they will copy only the good parts of the failed bank.
Why this Dow stock went from worst in 2022 to first in 2023 — and 13 turnaround candidates for 2024
Stocks' yearly performance rankings are a field day for contrarians: One year's worst often are the subsequent year's best, and vice versa.
Citizens Financial Group to Participate at the Goldman Sachs U.S. Financial Services Conference
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate at the Goldman Sachs U.S. Financ...
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 January 8, 20...
Citizens to Celebrate the Spirit of the Marathon “Live from the Cheer Zone”
NEW YORK--(BUSINESS WIRE)--To celebrate the spectators and supporters who make the TCS New York City Marathon one of the best days in New York, Citizens will produce a first-of-its-kind Instagram Live...
US regional banks shares surge after Bill Gross says they have hit bottom
Shares of a handful of U.S. regional banks popped on Thursday after famed bond investor Bill Gross said the danger in investing in them had passed.
Bill Gross Is Staying Away From Regional Banks. Except for These Three.
The former bond king has been buying "a little" of Citizens Financial, Truist Financial, and KeyCorp.
This Stock Has A 7.35% Yield And Sells For Less Than Book
the recent CFG share price of $22.87 represents a price-to-book ratio of 0.5 and an annual dividend yield of 7.35%
Citizens Business Conditions Index™ Rebounds Slightly in Q3
PROVIDENCE, R.I.--(BUSINESS WIRE)-- #CBCI--A strong labor market and resilient consumer trends supported a slight improvement in economic conditions during the third quarter as inflation showed some s...
Citizens Bolsters Pittsburgh's Film Economy with $200,000 Grant to the Pittsburgh Film Office
PITTSBURGH--(BUSINESS WIRE)--Citizens, a leader in community engagement, announced today a $200,000 grant to the Pittsburgh Film Office, a 501(c)3 nonprofit economic development agency. This significa...
Regional Lenders Are Getting Smaller to Stay Afloat
America's regional banks are reportedly hoping to get healthier by getting smaller. As The Wall Street Journal (WSJ) reported Monday (Oct. 23), these lenders are scaling back following a quarter that ...
Citizens grows coast-to-coast reach with private-banking unit
While Citizens Financial Group operates 1,110 branches in 14 states, mostly in the eastern half of the U.S., it has now launched a private-banking unit with a coast-to-coast reach.
Citizens Redefines Private Banking Sector With Launch of Citizens Private Bank
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the national launch of Citizens Private Bank, a significant milestone in Citizens' long-term strategy to a...
Citizens Financial Group, Inc. Reports Third Quarter 2023 Net Income of $430 million and EPS of $0.85
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today reported third quarter 2023 financial results. The earnings press release, investor presentation, and ...
Challenges Loom for Regional Banks as Interest Rates Surge
First up are JPMorgan Chase & Co. NYSE: JPM, Wells Fargo Co. NYSE: WFC and Citigroup Inc. NYSE: C. Those reports will likely offer hints as to whether the bigger financial institutions are seeing con...
Citizens Financial Group Announces Earnings Conference Call Schedule for 2025 Quarterly Financial Results
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced plans to release 2025 quarterly financial results and host live conference calls on the following dates. F...
Citizens Achieves ‘Outstanding' Community Reinvestment Act Rating
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group (NYSE: CFG) announced today that its Citizens Bank, N.A. subsidiary has received the highest possible rating from the Office of the Comptrol...
Citizens Financial Group Announces $50 Billion Sustainable Finance Target
PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced a $50 billion Sustainable Finance Target including $5 billion in green financing, by 2030. T...
Armed with First Republic alums, Citizens Bank unveils new startup-focused private bank
When Silicon Valley Bank imploded in March, Sam Heshmati wasn't naive enough to think that First Republic Bank — where he had worked for more than a decade and helped launch their startup practice — w...
Citizens Named Official Bank of the New York Road Runners and TCS New York City Marathon
NEW YORK--(BUSINESS WIRE)--Citizens has become the Official Bank of the New York Road Runners (NYRR), the world's premiere community running organization, and the TCS New York City Marathon, the world...