Citizens Financial Group Azioni (NYSE: CFG)

Ultime notizie per Citizens Financial Group (NYSE:CFG) Azioni

Citizens Financial Group

Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,100 branches in 14 states, although it is concentrated in the Northeast. It has over $220 billion of total assets. It generates maximum revenue from Consumer Banking Segment.

Citizens Financial Group, Inc. Common Stock

Citizens Financial Group Inc

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Community Financial Group Inc (Washington) CDT-Cap Stk

CAPITAL FINCL GLOBAL INC by Capital Financial Global, Inc.

Capital Financial Global Inc

Citizens Financial Group, Inc. Depositary Shares Each Representing 1/40th Interest in a Share of 5.000% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series E

Citizens Financial Group, Inc. Depositary Shares Each Representing a 1/40th Interest in a Share of 7.375% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series H

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Citizens Financial Group shares are trading lower following worse-than-expected Q3 financial results.

Earnings

News

Citizens Financial Group Q3 Sales $1.901B Miss $1.938B Estimate

Earnings Misses

Citizens Financial Group Q3 2024 GAAP EPS $0.77 Misses $0.80 Estimate, Underlying EPS $0.79

Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) will release its quarterly earnings report on Wednesday, 2024-10-16. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Citizens Financial Group to report an earnings per share (EPS) of $0.79.
The announcement from Citizens Financial Group is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Earnings History Snapshot</h3>
The company's EPS beat by $0.04 in the last quarter, leading to a 0.42% drop in the share price on the following day.

<img src="https://www.benzinga.com/files/images/story/2024/1729000916_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Citizens Financial Group were trading at $43.27 as of October 14. Over the last 52-week period, shares are up 70.03%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CFG/earnings">To track all earnings releases for Citizens Financial Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citizens Financial Group Earnings Preview

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Shares of banking and financial services stocks are trading higher following better-than-expected financial results from JPMorgan Chase and Wells Fargo.

Citizens Financial Group Changes Date And Time Of Q2 2025 Conference To 10:00 am on July 17, 2025.

HSBC Holdings plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsbc#NYSE">HSBC</a>) plans to double the size of its Canadian private client business over the next few years, according to Nader Guirguis, CEO of HSBC Private Wealth Services (Canada).
For HSBC, the Canadian private wealth management market represents a significant opportunity. The country enjoys a good reputation for socioeconomic stability, liberal immigration policies and a growing pool of high-net-worth individuals. HSBC currently has four main private wealth management hubs in Vancouver, Calgary, Toronto and Montreal and plans to open more offices in the near term.
<h2>HSBC&#39;s Expansion Into Canada</h2>
Guirguis said Canada is &quot;one of the jewels in the crown&quot; of HSBC&#39;s global portfolio. He also added, &quot;The country is attractive to us, as it&#39;s a low-risk environment with a stable economy that is attracting wealth and quality immigrants from around the world.&quot;
Since its entry in 1981, HSBC has been steadily increasing the scale of its operations in Canada. The bank has acquired several financial institutions since entering the market, like Lloyds Bank Canada, Republic National Bank of New York (Canada) and Barclays Bank Canada in the past. These acquisitions have bolstered its presence in the Canadian market, positioning HSBC as the largest foreign-owned bank in the country.
HSBC Canada is seeking to double its private client base over the next three to four years. To qualify for HSBC&#39;s private banking services, HNW and ultra-high-net-worth individuals must have assets to invest of at least $753,900 (C$1 million). The bank&#39;s Premier Banking services are available to customers with a minimum total relationship balance of $75,390 (C$100,000).
Most of HSBC&#39;s private clients in Canada are current or retired business owners while others are professionals and senior executives of large corporations. HSBC&#39;s commercial banking clients serve as the primary channel for its private client base.
<h2>HSBC&#39;s Tripod Model</h2>
HSBC uses an innovative Tripod Model catering to its private clients. In the said model, every client is assigned a relationship manager, an investment counselor and a wealth planner. The RM offers the whole banking product line, such as bank accounts, cash management and other complex lending products. The investment counselor offers discretionary investment services, along with estate planning and business succession planning. The wealth planner offers tailored recommendations to the client, which are then fulfilled by the RM or the counselor.
With such a team approach, the customer can be assured to get a holistic and integrated personal wealth management experience.
<h2>HSBC&#39;s Global Reach Aids Canada Expansion</h2>
HSBC distinguishes itself from other Canadian banks by leveraging its global expertise in investment and wealth management. Guirguis added, &quot;We have HSBC global asset management offices in over 30 countries, and our analysts across the globe are geographically close to the companies in which we invest our clients&#39; funds. We do our own research and have our own direct connections to the management of these companies.&quot;
HSBC&#39;s Premier and private banking clients enjoy globally linked accounts, which allow them to transfer funds between HSBC accounts in different countries in real-time.
In addition to serving Canadian clients, HSBC Canada also attracts international customers, including new immigrants and those looking to invest in Canada.
Through its efforts to expand into high-growth markets and enhance its international footprint, HSBC is well-positioned to attract a broader base of affluent clients globally and capitalize on the rising demand for personalized financial services across diverse regions.
<h2>Other Banks Taking Similar Steps</h2>
JPMorgan Chase &amp; Co.&nbsp;is also increasing its footprint in the HNW space to offer private banking services. In September 2024, JPM set up a private banking team in Dubai, the Gulf&#39;s financial hub, to provide wealth management services. The news was first reported by Reuters.
In order to expand its private banking business, Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) added an experienced Private Banking team in Southern California to continue its efforts of West Coast expansion strategy. CFG has also opened two new Private banking offices in North California.
<a href="https://www.zacks.com/stock/news/2348941/hsbc-plans-to-expand-private-wealth-management-business-in-canada?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2348941">To read this article on Zacks.com click here.</a>

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HSBC Plans to Expand Private Wealth Management Business in Canada

Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) is scheduled to report its third-quarter 2024 results on Oct. 16, before the opening bell. The company&#39;s earnings and revenues in the third quarter are expected to have declined from the year-ago reported figures.
In the second quarter of 2024, CFG&#39;s earnings missed the Zacks Consensus Estimate on lower net interest income (NII), a rise in provisions and operating expenses. However, an increase in non-interest income and lower allowance for credit losses offered some support.
The company&#39;s earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, the negative surprise being 16.39%, on average.
<div class="chart_embed">
<h3>Citizens Financial Group, Inc. Price and EPS Surprise</h3>
<h2><img alt="Citizens Financial Group, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/01/1728481134.png" style="height:266px; width:547px" title="" /></h2>
Citizens Financial Group, Inc. price-eps-surprise | Citizens Financial Group, Inc. Quote
</div>
<h2>Factors to Influence CFG&#39;s Q3 Earnings</h2>
Loans: The clarity on the Fed&#39;s rate cut path and the stabilizing macroeconomic backdrop are likely to have provided support to the lending scenario. According to the latest data from the Fed, the demand for commercial and industrial and consumer loans was modest in the first two months of the quarter, while demand for commercial real estate remained subdued.
The company&#39;s lending book is likely to have been positively impacted by improvement in commercial loans, while the subdued real estate loan demand might have offset growth to some extent.
The Zacks Consensus Estimate for average interest-earning assets is pegged at $199 billion, indicating an increase of nearly 1% from the prior quarter&#39;s reported figure. We estimate the metric to be $212.5 billion.
Net Interest Income: On Sept. 18, the Federal Reserve cut interest rates by 50 basis points to 4.75-5% for the first time since March 2020. While this development might prove to be helpful in the long term, it is not expected to have a positive impact on CFG&#39;s NII during the third quarter.
Also, relatively higher rates might have hurt NII growth prospects similar to the last quarter due to the elevated funding/deposit costs and an inverted yield curve during the major part of the quarter.
Management expects NII to be down 1-2% in the third quarter compared with the second quarter&#39;s reported figure of $1.41 million.
The Zacks Consensus Estimate for NII is pegged at $1.39 billion, indicating a 1.7% decrease from the prior quarter&#39;s reported figure. Our estimate for the metric is pegged at $1.38 billion.
Non-Interest Income: As the central bank lowered the interest rates, mortgage rates started to come down. The rates declined to almost 6.2% by the end of the third quarter. Although mortgage origination volume remained subdued in the quarter under review, refinancing activities witnessed a significant surge supported by lower mortgage rates. This is likely to have supported CFG&#39;s mortgage banking fees.
The Zacks Consensus Estimate for mortgage banking fees is pegged at $55.9 million, indicating a 3.5% rise from the prior quarter&#39;s reported figure. Our estimate for the metric is pegged at $62.1 million.
Decent client activity and impressive equity market performance are likely to have boosted the company&#39;s trust and investment services fees. The Zacks Consensus Estimate for trust and investment services fees is pegged at $77.8 million, indicating a 3.7% increase from the previous quarter&#39;s reported figure. Our estimate for the metric is pegged at $73.9 million.
Global mergers and acquisitions in the third quarter of 2024 showed improvement after subdued 2023 and 2022. Both deal value and volume were decent during the quarter, driven by solid financial performance, higher chances of a soft landing of the U.S. economy, buoyant markets and interest rate cuts. However, tough scrutiny by antitrust regulators and lingering geopolitical issues are likely to have affected the company&#39;s capital markets fee.
The Zacks Consensus Estimate for capital markets fees is pegged at $120.9 million, indicating a sequential decline of 9.8%. We estimate the metric to be $108.6 million.
Citizens Financial&#39;s efforts to enhance deposit balances on the back of past strategic acquisitions are likely to have aided service charge and fee revenues in the quarter under review. The Zacks Consensus Estimate for the service charge and fee revenues is pegged at $107.8 million, indicating a rise of 1.7% from the prior quarter&#39;s reported level. Our estimate for the metric is pegged at $111.1 million.
The Zacks Consensus Estimate for card fees is pegged at $89.4 million, indicating a sequential decline of 2.7%. We estimate the metric to reach $86.6 million.
Management expects fee income in the third quarter to be slightly up compared with $549 million in the second quarter. Further, the Zacks Consensus Estimate for the metric is pegged at $553.3 million, indicating a marginal sequential increase. Our estimate for the metric is pegged at $556.2 million.
Expenses: Citizens Financial&#39;s expenses are expected to have flared up in the quarter under review on the opening of private banking offices, franchise expansion, as well as investments in newer technological advancements.
Management projects adjusted non-interest expenses to be stable in the third quarter compared with the second-quarter 2024 level of $1.27 billion.
Asset Quality: The company is expected to have set aside substantial money for potential bad loans, especially commercial loans which accounted for 50.7% of total loans and leases as of June 30, 2024, given the expectations of an economic slowdown.
The Zacks Consensus Estimate for non-accrual loans and leases is pegged at $1.54 billion, indicating a rise of 1.2% from the previous quarter&#39;s reported figure. Our estimate for the metric is pegged at $1.51 billion.
<h2>What Our Model Unveils for CFG?</h2>
Our proven model predicts an earnings beat for Citizen Financial this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you can see below.
Earnings ESP: Citizens Financial has an Earnings ESP of +0.31%.
Zacks Rank: The company currently carries a Zacks Rank of 3.
The Zacks Consensus Estimate for third-quarter earnings has remained unchanged in the past seven days at 78 cents per share. It suggests a year-over-year decline of 8.24%.
The consensus estimate for quarterly revenues of $1.94 billion indicates a 3.6% decline from the prior-year quarter&#39;s reported figure.
<h2>Other Stocks to Consider</h2>
Here are some other bank stocks that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this time around:
First Horizon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fhn#NYSE">FHN</a>) has an Earnings ESP of +3.18% and carries a Zacks Rank #3 at present. The company is scheduled to release its third-quarter 2024 earnings on Oct. 16.
FHN&#39;s quarterly earnings estimates have been unchanged over the past 60 days.
The Earnings ESP for M&amp;T Bank Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtb#NYSE">MTB</a>) is +0.49% and it carries a Zacks Rank #3 at present. The company is slated to report its third-quarter 2024 results on Oct. 17.
Over the past seven days, the Zacks Consensus Estimate for MTB&#39;s quarterly earnings has remained unchanged in the past seven days.
<a href="https://www.zacks.com/stock/news/2348450/fee-income-to-support-citizens-financial-s-q3-earnings-amid-lower-nii?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2348450">To read this article on Zacks.com click here.</a>

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Macro Economic Events

Mid Cap

Economics

Federal Reserve

Analyst Ratings

Fee Income to Support Citizens Financial's Q3 Earnings Amid Lower NII

Robinhood Markets Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) plans to offer its British users the ability to invest in U.K. stocks as the company seeks growth beyond domestic markets. The company&#39;s CEO and co-founder, Vlad Tenev, mentioned this in an interview with Bloomberg on Friday.
This move, if executed, would follow the roll-out of commission-free trading by HOOD for more than 6,000 U.S.-listed stocks to U.K. investors.
<h2>HOOD&#39;s Rationale Behind This Pursuit</h2>
HOOD has been aiming to enter new markets in recent years to diversify its business and become less dependent on trading revenues. The trading activities have weakened after a pandemic-induced boom that led to inflated enthusiasm for meme stocks, driving up Robinhood&#39;s trading revenues in the process.
Tenev stated, &quot;We are looking ahead to multi-currency wallet support and local execution, including the London Stock Exchange. There&#39;s been huge demand for options as well &mdash; options on US equities &mdash; because that&#39;s just hard to come by here in the UK market.&quot;
Tenev further stated that the firm has realigned its emphasis within the U.S. markets, focusing on high-interest income-producing areas, such as retirement products and credit cards.
United Kingdom is a competitive market for Robinhood with firms like Revolut Ltd., eToro Group Ltd., Trading 212 Group Ltd. and Freetrade Ltd., which have been offering trading in U.K. stocks and compete with incumbents like Hargreaves Lansdown Plc, Fidelity Investments and AJ Bell Plc.
Robinhood seeks to replicate its success in the United States through no-commission trading, which was adopted by the other major players in the domain, increasing U.S. household investments into equities by 27% after HOOD&#39;s debut, while in the U.K. markets, this trend has been steady, noted Tenev.
&quot;Unlike the US, there hasn&#39;t really been a zero-commission revolution. We are hoping to change that here&quot; Tenev further mentioned.
<h2>Robinhood&#39;s Other Growth Initiatives</h2>
This move aligns with the company&#39;s growth strategy in recent years. This July, the company acquired Pluto Capital Inc. to enhance its offerings with intelligent, data-driven investing tools. In June, Robinhood agreed to acquire Bitstamp Ltd to propel its cryptocurrency division into new international markets.
Further, this March, the company unveiled its first-ever credit card to expand its services beyond mainstream trading. This card will be available to Robinhood Gold customers.
Over the past six months, HOOD shares have gained 23.3%, outperforming the industry&#39;s 10.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/80549.jpg?v=1667015127" />
Image Source: Zacks Investment Research
Currently, Robinhood sports a Zacks Rank #1 (Strong Buy).
<h2>Restructuring Initiatives by Other Finance Firms</h2>
Last week, JPMorgan (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) agreed to partner with Cliffwater, FS Investments and Shenkman Capital Management Inc. to boost its reach in the $1.7-trillion global private credit markets. The news was first reported by Bloomberg, citing people with knowledge of the matter.
Now, JPM will originate loans and invest in them alongside the direct lenders, who can only decline to participate in a handful of transactions over a pre-determined period.
Similarly, Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) 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 CFG&#39;s expansion in California, highlighting an integrated approach to growth across the key business lines of Private Banking, Wealth Management and Corporate &amp; Investment Banking.
<a href="https://www.zacks.com/stock/news/2346893/robinhood-mulls-over-introducing-uk-stock-investing-for-british-users?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2346893">To read this article on Zacks.com click here.</a>

Offerings

Events

Robinhood Mulls Over Introducing UK Stock Investing for British Users

Citizens Financial Group's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) short percent of float has risen 9.91% since its last report. The company recently reported that it has 12.65 million shares sold short, which is 3.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.26 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Citizens Financial Group Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727892912_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Citizens Financial Group has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Citizens Financial Group's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Citizens Financial Group's peer group average for short interest as a percentage of float is 3.43%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Citizens Financial Group's Recent Short Interest

Evercore ISI Group analyst John Pancari maintains Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) with a In-Line and lowers the price target from $47 to $46.

Price Target

Evercore ISI Group Maintains In-Line on Citizens Financial Group, Lowers Price Target to $46

During the last three months, 11 analysts shared their evaluations of Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>), revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $44.36, a high estimate of $50.00, and a low estimate of $37.00. Marking an increase of 10.4%, the current average surpasses the previous average price target of $40.18. 
<img src="https://www.benzinga.com/files/images/story/2024/1727730086_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Citizens Financial Group among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$46.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$50.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$48.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$42.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$46.00</td>
<td>$42.00</td>
</tr>
<tr>
<td>Ryan Merkel</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$49.00</td>
<td>$43.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$43.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Peter Winter</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$46.00</td>
<td>$41.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$41.00</td>
<td>$38.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$40.00</td>
<td>$39.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Hold</td>
<td>$37.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Citizens Financial Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Citizens Financial Group compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Citizens Financial Group's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Citizens Financial Group's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CFG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Citizens Financial Group analyst ratings.</a>
<h2>Get to Know Citizens Financial Group Better</h2>
Citizens Financial Group is a bank holding company headquartered in Providence, Rhode Island. Its two primary business segments are consumer banking and commercial banking. Citizens offers a mix of retail and commercial products including capital markets and wealth options. The bank has over 1,100 branches in 14 states, although it is concentrated in the Northeast. It has over $220 billion of total assets. It generates maximum revenue from Consumer Banking Segment.
<h3>Citizens Financial Group: Delving into Financials</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Citizens Financial Group's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -6.45%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Citizens Financial Group's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 18.22%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 1.64%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Citizens Financial Group's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.16%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Citizens Financial Group's debt-to-equity ratio stands notably higher than the industry average, reaching 0.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Unveiling 11 Analyst Insights On Citizens Financial Group

Keefe, Bruyette &amp; Woods analyst David Konrad maintains Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) with a Market Perform and raises the price target from $42 to $46.

Keefe, Bruyette & Woods Maintains Market Perform on Citizens Financial Group, Raises Price Target to $46

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/24/final-trades-paypal-citizens-financial-cisco-systems-and-the-iyr.html">Halftime Report Final Trades</a>,&#8221; Josh Brown of Ritholtz Wealth Management said PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) continues to make new highs. &#8220;I am rolling up my stop-loss, but staying <a href="https://www.benzinga.com/quote/PYPL/analyst-ratings">with the trade,&#8221; he added</a>.
On Sept. 23, Deutsche Bank analyst Bryan Keane maintained PayPal with a Buy and raised the price target from $74 to $94.
Brian Belski of BMO Capital Markets said Citizens Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) has a 4% dividend yield and 18% free cash flow yield.
On Sept. 20, Citizens Financial Group announced the appointment of Claude E. Wade to the company&#8217;s board of directors, effective March 1, 2025. The company also said Wendy Watson will retire from the board after her current term expires at the annual meeting of shareholders in April 2025.
Don't forget to check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
Jim Lebenthal of Cerity Partners said Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) will quietly hit a fresh high for the year.
On Aug. 16, HSBC analyst Stephen Bersey upgraded Cisco from Hold to Buy and raised the price target from $46 to $58.
Shannon Saccocia of NB Private Wealth named iShares U.S. Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYR#NYSE">IYR</a>) as her final trade.
Price Action:
<ul>
<li>PayPal gained 0.1% to close at $78.40 during Tuesday's session.</li>
<li>Citizens Financial shares fell 0.7% to settle at $40.76 on Tuesday.</li>
<li>iShares U.S. Real Estate ETF rose slightly by 0.03% during Tuesday's session.</li>
<li>Cisco shares gained 0.6% to close at $52.52 on Tuesday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

Media

CSCO

iShares Trust Dow Jones US Real Estate Fund Index

PYPL

Cisco, PayPal, Citizens Financial And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: PayPal Holdings, Cisco Systems, Citizens Financial Group, iShares U.S. Real Estate ETF

ALLY

ARES

BBVA

CRBG

LPLA

Shares of companies in the broader financial services and banking sectors are trading higher amid overall market strength following the Fed's rate cut, which could drive a rise in spending and lending demand.

CACC

CFBK

FSFG

VBFC

Shares of bank stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

General

Shares of bank stocks are trading lower after Fed Vice Chair for Supervision Barr unveiled Basel and GSIB surcharge re-proposals.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$19.50</td>
<td>$43.5K</td>
<td>747</td>
<td>6.5K</td>
</tr>
<tr>
<td>SOFI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.50</td>
<td>$65.0K</td>
<td>5.5K</td>
<td>6.0K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$153.7K</td>
<td>9.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MMC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$210.00</td>
<td>$270.0K</td>
<td>286</td>
<td>1.0K</td>
</tr>
<tr>
<td>USB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/13/24</td>
<td>$45.00</td>
<td>$41.1K</td>
<td>208</td>
<td>967</td>
</tr>
<tr>
<td>KKR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$104.4K</td>
<td>49</td>
<td>500</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$67.5K</td>
<td>227</td>
<td>224</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$180.00</td>
<td>$533.0K</td>
<td>2.1K</td>
<td>217</td>
</tr>
<tr>
<td>CFG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$31.2K</td>
<td>818</td>
<td>200</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$40.00</td>
<td>$25.2K</td>
<td>1.4K</td>
<td>176</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on September 13, 2024. This event was a transfer of 926 contract(s) at a $19.50 strike. This particular call needed to be split into 91 different trades to become filled. The total cost received by the writing party (or parties) was $43.5K, with a price of $47.0 per contract. There were 747 open contracts at this strike prior to today, and today 6525 contract(s) were bought and sold. 
• Regarding SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we observe a put option sweep with bullish sentiment. It expires in 15 day(s) on September 20, 2024. Parties traded 1627 contract(s) at a $7.50 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $65.0K, with a price of $40.0 per contract. There were 5571 open contracts at this strike prior to today, and today 6090 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option trade that happens to be bearish, expiring in 43 day(s) on October 18, 2024. This event was a transfer of 750 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $153.7K, with a price of $205.0 per contract. There were 9197 open contracts at this strike prior to today, and today 1284 contract(s) were bought and sold. 
• For MMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), we notice a put option trade that happens to be bullish, expiring in 106 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $270.0K, with a price of $270.0 per contract. There were 286 open contracts at this strike prior to today, and today 1003 contract(s) were bought and sold. 
• For USB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), we notice a put option sweep that happens to be bearish, expiring in 8 day(s) on September 13, 2024. This event was a transfer of 698 contract(s) at a $45.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $41.1K, with a price of $59.0 per contract. There were 208 open contracts at this strike prior to today, and today 967 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a call option sweep that happens to be bullish, expiring in 197 day(s) on March 21, 2025. This event was a transfer of 90 contract(s) at a $120.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $104.4K, with a price of $1160.0 per contract. There were 49 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option trade that happens to be bullish, expiring in 498 day(s) on January 16, 2026. This event was a transfer of 90 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $750.0 per contract. There were 227 open contracts at this strike prior to today, and today 224 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 43 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $533.0K, with a price of $2665.0 per contract. There were 2182 open contracts at this strike prior to today, and today 217 contract(s) were bought and sold. 
• Regarding CFG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>), we observe a put option sweep with bearish sentiment. It expires in 43 day(s) on October 18, 2024. Parties traded 136 contract(s) at a $42.50 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $230.0 per contract. There were 818 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a call option trade that happens to be bearish, expiring in 106 day(s) on December 20, 2024. This event was a transfer of 50 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $504.0 per contract. There were 1447 open contracts at this strike prior to today, and today 176 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AFRM

COIN

SOFI

10 Financials Stocks Whale Activity In Today's Session

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IBTX

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WSFS

Shares of banking companies are trading higher amid overall market strength following Fed Chair Powell's comments about the economy and future rate cuts.

In a report released today, Jason Goldberg from Barclays maintained a Hold rating on Citizens Financial (CFG – Research Report), with a price targe...

Citizens Financial (CFG) Receives a Hold from Barclays

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Buy 7 Sustainable Dividend Dogs From Barron's October 100

Citizens Financial Q3 2024 Earnings Preview

Here's the major earnings before the open tomorrow

Citizens Financial Non-GAAP EPS of $0.79 in-line, revenue of $1.9B misses by $40M

Citizens Financial ( ($CFG) ) just unveiled an announcement. Citizens Financial Group reports a Q3 2024 net income of $382 million with earnings pe...

Citizens Financial Reports Strong Q3 2024 Earnings

Citizens Financial declares $0.42 dividend

ASML

ERIC

IBKR

INFY

IRDM

ISRG

JBHT

KARO

MDLZ

NFLX

NLLSF

NTRS

SCYX

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ZION

Press Releases

Citizens Appoints Christopher Schnirel as Controller and Chief Accounting Officer

Citizens Commits $10 Million to Workforce Development

Citizens Financial Group Announces Prime Rate Change

College Raptor Reveals Tenth Annual Hidden Gem Colleges for 2025

Citizens Financial Group Announces Appointment of Claude E. Wade to Board of Directors; Wendy Watson to Retire

Citizens Financial Group Announces Third Quarter 2024 Earnings Conference Call Details

Citizens Continues California Expansion with Addition of Two Bay Area Private Banking Offices and SoCal Private Banking Team

Citizens Bank, N.A. Announces Redemption of Senior Notes

Citizens Financial Group, Inc. Announces Date and Time Change for Second Quarter 2025 Results Conference Call

Citizens Financial Group, Inc. Reports Third Quarter 2024 Net Income of $382 million and EPS of $0.77

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