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Citizens Financial Group (CFG) Jumps: Stock Rises 6.4%

Zacks Equity Research

Citizens Financial Group, Inc. CFG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $34.34 to $35.99 in the past one-month time frame.

The move came after the company reported better-than-expected second-quarter 2019 results.

The company has seen six negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Citizens Financial Group currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Citizens Financial Group, Inc. Price

Citizens Financial Group, Inc. Price

Citizens Financial Group, Inc. price | Citizens Financial Group, Inc. Quote

Investors interested in the Financial - Savings and Loan industry may consider Meridian Bancorp, Inc. EBSB, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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