6 stories mentioning CFGUpdated 23d ago
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Citizens Financial Group (CFG) has an average rating of buy and mean price target of $76.83, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $73.62, Change: $+2.50, Percent Change: +3.52%
Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% lower.U.S. Bancorp (USB) stock was down more than 1% even after the company posted higher Q2 earnings and net revenue.State Street (STT) reported higher Q2 earnings and revenue. Shares of State Street were down more than 1% pre-bell.Citizens Financial Group (CFG) stock was up 0.6% after the company reported higher Q2 earnings and revenue.
US equity markets were mostly tracking in the red before the opening bell Thursday as traders await the latest round of earnings and the June retail sales report.The S&P 500 edged down 0.1% and the Nasdaq was off 0.5% in premarket activity, while the Dow Jones Industrial Average rose 0.2%. The three main indexes finished Wednesday trading higher for the second consecutive session.UnitedHealth (UNH), GE Aerospace (GE), Abbott Laboratories (ABT), Prologis (PLD), US Bancorp (USB), State Street (STT) and Citizens Financial (CFG) are expected to report their latest financial results before the bell, among others. Streaming giant Netflix (NFLX) posts its earnings after the markets close.Taiwan Semiconductor Manufacturing's (TSM) US-listed shares declined 3.9% pre-bell after the semiconductor manufacturer reported its second-quarter results. United Airlines (UAL) was down 2.3% as the air carrier flagged an additional $6 billion in fuel costs for 2026 amid rising oil prices.J.B. Hunt Transport Services (JBHT) jumped 6.4% as the transportation and logistics company's second-quarter results topped market estimates. Apple (AAPL) added 0.2% after finishing Wednesday with a 4% gain amid media reports that the iPhone maker has held talks with bankers in recent months about possible acquisitions of chip companies.Last month's retail sales report is out at 8:30 am ET.Government data showed Wednesday that producer prices unexpectedly dropped on a monthly basis in June amid a steep decline in the cost of energy products. Earlier in the week, an official report showed that consumer prices decreased last month for the first time in more than six years."While still nominally elevated at a dangerously high level, the relative improvement in inflation in June emboldens the more dovish argument that price pressures are already cooling and could retreat further into year-end as the lingering impact from tariffs falls off and energy prices potentially normalize amid -- still tentative -- but ongoing, US-Iran peace negotiations," Stifel said in a note Wednesday.US Treasury yields were up in premarket action, with the two-year rate increasing 3.2 basis points to 4.16% and the 10-year rate adding 2.8 basis points to 4.57%.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am, along with the Philadelphia Fed manufacturing index for July. The housing market index for the current month and the pending home sales index for June are both out at 10 am.Federal Reserve Vice Chair Philip Jefferson, Dallas Fed President Lorie Logan and Kansas City Fed President Jeffrey Schmid are all slated to speak on Thursday.Inflation is more likely to accelerate than cool given price pressures arising from an artificial intelligence boom and major supply shocks, Fed Governor Lisa Cook said Wednesday. Separately, New York Fed President John Williams said that inflation should ease in the next few quarters as energy prices retreat.West Texas Intermediate crude oil dipped less than 0.1% to $79.59 a barrel before the open, while Brent nudged down 0.3% to $84.72.The US Central Command said Wednesday its forces disabled an unladen oil tanker attempting to transit towards an Iranian port in the Arabian Gulf. The US resumed its naval blockade on Iranian ships and ports earlier this week.A spokesperson for Iran's top military command reportedly said Thursday that it will destroy key infrastructure in the Middle East if the US follows through on President Donald Trump's threat to attack power plants and bridges in the country in case a deal isn't finalized, CNBC reported.Gold decreased 0.3% to $4,039 per troy ounce, while bitcoin fell 1.1% to $64,176.
Citizens Financial (CFG) has an average rating of buy and mean price target of $72.58, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $64.77, Change: $+0.83, Percent Change: +1.30%
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%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Citizens Financial Group Inc. (CFG) delivered strong Q1 2026 results with operating EPS of $1.13 vs. $0.77 in the prior year, beating consensus by $0.04. Revenue of $2.17B was in line with estimates, rising 1% Y/Y and 12% Q/Q, supported by net interest income growth as NIM expanded 7 bps to 3.14%. This represents an excellent performance, in our view, as we expect most peers to report stable NIMs in the quarter. Credit quality continued its steady improvement with net charge-offs declining to 39 bps from a 58 bps peak a year ago, marking four consecutive quarters of sequential improvement. Balance sheet momentum persisted with 1% sequential loan growth led by Commercial and Private Bank expansion. The Private Bank reached $16.6B in spot deposits and contributed $0.11 to EPS, demonstrating continued scaling of this key competitive differentiator. CFG maintained a strong capital position with a 10.5% CET1 ratio while returning $498M to shareholders through $300M in buybacks and $198M in dividends.
