Citizens Financial Group, Inc. (CFG) announced the next stage of its West Coast expansion strategy, which includes the addition of a highly-experienced Private Banking team in Southern California. The bank also revealed plans to open new Private Bank office locations in the region as part of its ongoing efforts to strengthen its presence and serve clients across key California markets. This latest expansion follows the earlier announcements related to Citizens Financial's expansion in California, which high ...

Citizens Financial Group, Inc. (CFG) remains well-poised for growth on the back of rising loans and deposit balances, along with efforts to improve its wealth management offerings. Additionally, strategic initiatives like Tapping Our Potential (TOP) will further support its financials. However, a rising cost base is likely to limit its bottom-line growth, and limited diversification in its loan portfolio presents an additional concern. Key Growth Drivers for CFG Efforts to Improve Wealth Management Unit: Ci ...

Citizens Financial's (CFG) shares have appreciated 28.7% year to date against the industry's decline of 2.4%. The stock also outperformed the S&P 500 Index, which rallied 17.6% in the same frame. Zacks Investment Research Image Source: The company's focus on BSO plans, strategic and efficiency initiatives, and inorganic growth moves continue to aid its financials. Analyst Estimates Over the past month, the Zacks Consensus Estimate for earnings of $3.24 and $3.95 per share has moved 1.6% and 1% upward for 20 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From (Not Applicable) Commission File Number 001-36636 ...

2Q24 GAAP summary Total: $ (32) $ (0.04) Forward-looking statements and use of non-GAAP financial measures In addition to the above factors, we also caution that the actual amounts and timing of any future common stock dividends or share repurchases will be subject to various factors, including our capital position, financial performance, capital impacts of strategic initiatives, market conditions, and regulatory considerations, as well as any other factors that our Board of Directors deems relevant in maki ...

With respect to the full year 2024 guide we provided in January, we feel good about the overall level of PPNR. Revenues are tracking broadly in line with some puts and takes. NII is expected to come in at the upper end of the down 6% to 9% range, reflecting lower loan balances, with NIM trending modestly better. Fee should come in modestly above the range of 6% to 9% originally expected. You should expect us to continue to do well on expenses, which will be broadly in line with the January guide. We expect ...

Citizens Financial Group (CFG) reported $1.96 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 6.3%. EPS of $0.78 for the same period compares to $0.92 a year ago. The reported revenue represents a surprise of +0.65% over the Zacks Consensus Estimate of $1.95 billion. With the consensus EPS estimate being $0.79, the EPS surprise was -1.27%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

This quarterly report represents an earnings surprise of -1.27%. A quarter ago, it was expected that this bank would post earnings of $0.75 per share when it actually produced earnings of $0.65, delivering a surprise of -13.33%. Citizens Financial Group, which belongs to the Zacks Financial - Savings and Loan industry, posted revenues of $1.96 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.65%. This compares to year-ago revenues of $2.09 billion. The company has topped ...

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The upcoming report from Citizens Financial Group (CFG) is expected to reveal quarterly earnings of $0.79 per share, indicating a decline of 14.1% compared to the year-ago period. Analysts forecast revenues of $1.95 billion, representing a decrease of 6.8% year over year. Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical st ...