-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
After reviewing earnings, we increase our 12-month target price by $1 to $84, 13.1x our 2027 EPS estimate, above CFG's five-year forward average of 10.1x, given improving credit quality and momentum in its Private Bank. We increase our 2026 EPS view by $0.02 to $5.24 and 2027's by $0.11 to $6.41. CFG delivered another solid quarter, with its net interest margin expanding by 7 bps Q/Q to 3.14% and balance sheet growth exceeding peers. The balance sheet strength is particularly noteworthy because prior to launching its Private Bank, CFG had been trailing competitors in this area. Despite heightened geopolitical uncertainty, the Private Bank achieved record quarterly revenues of $157 million and contributed a record $0.11 to EPS, up sharply from $0.04 in the prior-year period. We expect CFG to perform well in this summer's stress tests due to more favorable testing parameters and the bank's reduced commercial real estate risk exposure. Shares yield a healthy 2.9%.