Citizens Financial Group posts 4Q profit
Citizens Financial Group posts 4Q profit, results top Wall Street estimates
PROVIDENCE, R.I. (AP) _ Citizens Financial Group Inc. (CFG) on Friday reported fourth-quarter net income of $282 million.
On a per-share basis, the Providence, Rhode Island-based company said it had profit of 55 cents.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The bank posted revenue of $1.5 billion in the period. Its adjusted revenue was $1.36 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.33 billion.
For the year, the company reported profit of $1.05 billion, or $1.97 per share. Revenue was reported as $5.26 billion.
Citizens Financial Group shares have fallen 2.5 percent since the beginning of the year. The stock has increased 56 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFG at https://www.zacks.com/ap/CFG
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Keywords: Citizens Financial Group, Earnings Report
