Picture of Citizens Financial logo

CFG — Citizens Financial News Story

0.000.00%
us flag iconLast trade - 00:00
FinancialsBalancedLarge CapSuper Stock

Citizens Financial's Q3 net income at $494 mln, raises quarterly dividend

Overview

Citizens Financial Q3 net income at $494 mln, EPS at $1.05

Company reports 9% sequential PPNR growth and 3% positive operating leverage

Citizens increases quarterly dividend by 9.5% to $0.46 per share

Result Drivers

NII AND FEE GROWTH - Strong net interest income and fee growth contributed to Q3 results, per CEO Bruce Van Saun

PRIVATE BANK PERFORMANCE - Solid loan and deposit growth driven by strong performance from the Private Bank

CAPITAL MARKETS REVENUE - Increased market activity led to highest Capital Markets revenues since Q4 2021

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Adjusted EPS$1.05
Q3 EPS$1.05
Q3 Net Income$494 mln
Q3 Credit Loss Provision$154 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for Citizens Financial Group Inc is $60.00, about 13.7% above its October 14 closing price of $51.80 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBw1vnzwma For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Citizens Financial

See all news