Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Provision (benefit) for credit losses

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Citizens Financial Group

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Citizens Financial Group exceeds expectations in Q4 2022 earnings

CFG's Q4 2022 performance was strong, exceeding full-year expectations with a focus on expense management and capital return to shareholders.
While facing economic uncertainties and NIM challenges, the company aims to capitalize on growth opportunities in fee income and deposit dynamics.
Strategic initiatives across segments position CFG for positive operating leverage and continued growth in a changing rate environment.
Investors should monitor ACL trends, NIM adjustments, and the successful execution of expense reduction programs for future performance.

Citizens Financial Group maintains strong performance amidst growth opportunities

Citizens Financial Group showcased strong financial performance with a focus on capital strength, customer relationships, and strategic initiatives amidst a challenging environment.
While facing short-term challenges like NII decline and inflation impact considerations, the bank remains optimistic about growth opportunities in deposits, fee income, and investment banking.
Balancing expense management with strategic investments and credit underwriting sophistication will be crucial for the bank to navigate uncertainties and deliver attractive returns to stakeholders.

Citizens Financial Group reports solid Q2 performance amidst margin challenges

Citizens Financial Group (CFG) delivered strong financial results in Q2 2023, focusing on talent enhancement, strategic growth initiatives, and capital strength. Challenges include margin pressures and navigating a changing interest rate environment. The company is well-positioned to capitalize on opportunities for growth and stability in the coming quarters.

Citizens Financial Group maintains stability and outperformance amidst Q3 challenges

Citizens Financial Group's Q3 performance showed resilience with a focus on balance sheet strength and strategic initiatives despite challenges in Capital Markets deals. The bank's strengths in CET1 ratio, ACL coverage, and low-cost deposit growth position it well for continued stability and outperformance. Opportunities in NII trajectory, loan portfolio growth, and leveraging the New York market provide avenues for future growth.

Citizens Financial Group (CFG) reports robust 2023 performance and eyes growth opportunities in 2024

Citizens Financial Group (CFG) demonstrated strong financial performance in 2023, focusing on balance sheet strength, cost efficiency, and growth in spot loans.
Challenges for 2024 include managing charge-offs, NII and NIM bottoming, and consumer deposit behavior, while opportunities lie in organic growth initiatives and Basel III benefits.
The bank's disciplined approach to risk management, expense reductions, and shareholder returns positions it well for future growth and profitability.

Citizens Financial Group (CFG) posts resilient Q1 results amidst growth opportunities

Citizens Financial Group (CFG) reported a strong Q1 performance with solid financial metrics and progress in strategic initiatives. While facing challenges in loan growth and NII expectations, the bank remains well-positioned to capitalize on opportunities for deposit growth and capital flexibility. Navigating economic uncertainties with caution, CFG aims to leverage its strengths to drive sustainable growth and shareholder value.

Citizens Financial Group (CFG) reports resilient Q3 performance and navigates rate challenges

Citizens Financial Group (CFG) delivered solid financial results in Q3 2024, showcasing progress in strategic initiatives and maintaining balance sheet strength. Challenges include managing NII decline and navigating deposit beta dynamics amidst rate cuts. Opportunities exist in optimizing margins, leveraging efficiencies, and capitalizing on growth prospects.

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Bank of America

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

Charles Schwab

U.S. Bancorp

Wells Fargo

Among the top performers were Charles Schwab Corp. and Deutsche Bank's U.S. operations, while regional lenders Citizens Financial Corp. and US Bancorp were the laggards of the pack.

US banks shrug off turmoil to ace Fed's annual health checks

Capital One

M&T Bank

PNC Financial Services

Truist Financial

UBS Group AG

Begun in the aftermath of the 2008 financial crisis, the Fed's annual stress test dictates how much capital the industry can return to shareholders.

Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens today announced a new partnership with The Tile Shop, enabling the specialty retailer of tiles, materials, and related accessories to offer shoppers a more predictable, affordable way to pay for in-store purchases and bring their home decor projects to life without compromise.

Citizens and The Tile Shop Partner to Provide Flexible Financing Options for Home Design Projects

PROVIDENCE, R.I.--(BUSINESS WIRE)--As previously announced, Citizens Financial Group, Inc. (NYSE: CFG) will report its second quarter 2023 earnings on July 19, 2023. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows: Time: 9:00 am (ET) Dial-in: Individuals may call in by dialing 877-226-8189, conference ID 6086305 Webcast/Presentation: The live webcast will be av.

Citizens Financial Group Announces Second Quarter 2023 Earnings Conference Call Details

Fifth Third Bancorp

Regions Financial

J.P. Morgan analyst Vivek Juneja on Tuesday cut price targets on nine major U.S. banks due to his “cautious” view on the sector in the face of increased regulatory requirements, declining net interest income and higher expenses pressured by inflation. The comment came a day ahead of the Fed's stress tests results on bank capital.

‘Cautious' JPMorgan analyst cuts price targets on nine major banks

Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways to monetize the pandemic surge in home prices, according to BofA Global.

HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) announced today that, after June 30, 2023, three-month CME Term SOFR, as administered by CME Group Benchmark Administration, Ltd. (or any successor administrator), plus a tenor spread adjustment of 0.26161% (“SOFR Rate”) will be the benchmark replacement to be used, if and when necessary, for the following outstanding fixed-to-floating rate preferred stock and depositary shares representing ownership.

Citizens Financial Group, Inc. Announces Transition of U.S. LIBOR-linked Preferred Stock to Term SOFR Replacement Rate

Following the addition of approximately 50 new senior private bankers, Citizens Financial (CFG) now plans to double its wealth management assets in the medium term.

Citizens Financial (CFG) Aims to Double Wealth Management Assets

American Express

First Citizens BancShares

SPDR S&P Regional Banking ETF

Northern Trust

New York Community Bancorp

Synchrony Financial

Financial Select Sector SPDR Fund

The chairman of the Federal Deposit Insurance Corp. said Thursday that U.S. regulators are considering a plan to include banks with assets as low as $100 billion in the international regime for capital requirements known as Basel III.

FDIC studying plan to include smaller U.S. banks in Basel III capital requirements after failures in early 2023

Comerica

KeyCorp

Zions Bancorp

Several regional banks, including KeyCorp (KEY), Comerica (CMA), Fifth Third (FITB), Zions (ZION) and Citizens Financial (CFG), lower Q2 top-line expectations on higher rates, rising deposit costs and weak loan demand.

U.S. Regional Banks' Top Line to be Under Pressure in Q2

Higher funding costs are putting pressure on net interest income and margins. Several management teams seem to have underestimated just how tough conditions might become.

Regional Banks Have Begun to Adjust Their Second-Quarter Guidance

Citizens Financial (CFG) expands its private banking business by adding 50 new senior private bankers to expand consumer banking franchises in key markets.

Citizens (CFG) Adds Private Banking Teams in Key Markets

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced it has significantly accelerated its private banking growth strategy with the addition of approximately 50 new senior private bankers and related support staff in Boston, Florida, New York, and San Francisco. Several sought-after teams, formerly with First Republic, chose to join Citizens based on its strong culture and customer focus. The addition of multiple teams in these geographies meaningfully ac.

Citizens Accelerates Private Banking Capabilities with Addition of Multiple Teams Across Boston, Florida, New York, San Francisco

Calavo Growers

Dime Community Bank

CVGW, CFG and DCOM have been added to the Zacks Rank #5 (Strong Sell) List on June 9, 2023.

New Strong Sell Stocks for June 9th

Citizens (CFG) announces to cease its indirect auto loans origination from Jul 1, 2023. This is likely to help the company to focus on improving relationship-based lending.

Citizens (CFG) to Cease Its Indirect Auto Loan Originations

Superregional banks do not have to incorporate unrealized bond losses into their regulatory capital ratios. But this could soon change, and many bond books are underwater.

Which Super-Regional Bank Stock Is in the Best Capital Position?

Citizens Financial Group will stop originating indirect car loans effective July 1. The financial institution will retain and continue to service the existing auto loans on its balance sheet, Citizens said in a Wednesday (June 7) press release.

Citizens Financial Group to Stop Originating Indirect Car Loans

Citizens Financial Group Inc. CFG, +0.35% said Wednesday it will stop originating indirect auto loans to car dealers as of July 1 as part of an effort to “optimize” its balance sheet and increase its focus on relationship-based lending. The bank will continue to service existing auto loans.

Citizens Financial Group to stop originating indirect auto loan business on July 1, but will service existing loans

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG or “Citizens”) today announced that it will no longer originate indirect auto loans, effective July 1, 2023, as part of its strategy to optimize its balance sheet and emphasize relationship-based lending. Citizens will retain and continue to service existing auto loans on its balance sheet. “As Citizens continues to optimize its balance sheet, this decision further enables us to lend in areas that provide better risk a.

Citizens Financial Group to Cease Originating Indirect Auto Loans

Citizens Financial Group has seen a 30% drop in stock value over the past three months, but the sell-off is considered overdone. CFG exhibited strong Q1 results, with higher revenue, expenses, and earnings per share than a year ago, and has ample liquidity to weather the current environment. With a potential 26% gain and a 6% dividend yield, CFG could be a good addition to a portfolio for investors who can tolerate an elevated level of risk.

Citizens Financial Group: Banking On The Stock's Recovery

Regional banks have represented a morass of certainty since the collapses of Silicon Valley Bank, Signature Bank and First Republic. That's going to bring policy changes, analysts at UBS believe, but investors are more wary of them than need be.

Changes are coming for regional banks — UBS analysts think one is ahead of the curve

PacWest Bancorp

Western Alliance Bancorporation

The stock-market panic over the regional banks has subsided for now, but experts say that regulators should remain focused on shoring up the stability of the sector amid economic headwinds that could persist for years to come.

Regional bank crisis may be far from over, experts warn

Citizens Financial (CFG) will pay a penalty of $9 million to resolve mismanaged credit card disputes and fraud claims. It may result in increased legal expenses.

Citizens Financial (CFG) Faces $9M Fine for Credit Card Disputes

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The Zacks Savings and Loan industry players like CFG, NYCB and BANR are poised to tide through a potential recession, waning loan demand and high funding costs on sustainable business models and buyouts.

3 Savings & Loan Stocks to Watch Amid High Rates, Waning Loans

Citizens bank violated federal consumer financial law and failed to investigate fraud claims, according to a CFPB lawsuit.

News for Citizens Financial Group Stock (CFG)