|Bid||0.00 x 1800|
|Ask||40.50 x 900|
|Day's Range||36.64 - 37.32|
|52 Week Range||27.62 - 41.76|
|Beta (3Y Monthly)||1.62|
|PE Ratio (TTM)||9.95|
|Earnings Date||Oct 17, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.44 (3.94%)|
|1y Target Est||41.55|
Bruce Van Saun says he is following the trends, but the jury is still out on whether banks need retail branches to grow business.
Citizens Financial Group, Inc. today announced the pricing of an offering of $500 million aggregate principal amount of 2.850% senior unsecured notes due July 27, 2026 at an issue price of 99.798%.
Citizens Financial's (CFG) Q2 earnings reflect capital strength and higher fee income, partially offset by escalating expenses and provisions.
Citizens Financial Group (CFG) delivered earnings and revenue surprises of 2.13% and 0.73%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Underlying net income of $458 million up 8% and EPS of $0.96 up 9% year over year
Citizens Financial's (CFG) Q2 earnings are likely to reflect slight rise in interest income and higher fee income. However, expenses are expected to increase.
Citizens Financial Group (CFG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Citizens Financial Group Inc NYSE:CFGView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is low for CFG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The net inflows of $4.59 billion over the last one-month into ETFs that hold CFG are not among the highest of the last year and have been slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In 2013 Bruce Van Saun was appointed CEO of Citizens Financial Group, Inc. (NYSE:CFG). This analysis aims first to...
The market launched some pre-Independence Day fireworks of its own on Wednesday, rallying 0.77% in a light volume session that ended early. Still, the move to a new record high sets the stage for optimism headed into the final trading day of the week.Source: Allan Ajifo via Wikimedia (Modified)Symantec (NASDAQ:SYMC) was the ringleader for the rally, up more than 13% following news that Broadcom (NASDAQ:AVGO) would be acquiring it at a fairly generous premium. Broadcom, conversely, sank on worries that it was buying another troubled software business.At the other end of the spectrum, Electronic Arts (NASDAQ:EA) stumbled 4.5% mostly in response to a commentary from MarkWatch columnist Jurica Dujmovic suggesting that PC gaming was shrinking market. Although EA publishes more than computer games, it's a significant piece of its revenue mix.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Should Be Every Young Investor's First Choice As for today's top trading prospects, take a look at the stock charts of Citizens Financial Group (NYSE:CFG), NRG Energy (NYSE:NRG) and M&T Bank (NYSE:MTB). Here's why, and what needs to happen next. M&T Bank (MTB)Most bank stocks have been rising lately, shrugging off weakness from late last year and early this year spurred by concerns of falling interest rates, and an outright economic slowdown. M&T Bank hasn't been an exception to this norm.MTB has hammered out a turnaround effort that's much more technically sound than those efforts from other banking names, however. Better still, that move has technically solidified in just the past few days, setting the stage for more forward progress. Click to Enlarge * M&T has crossed above all of its key moving average lines, but more importantly, the purple 50-day moving average line is now above and pulling away from the white 200-day moving average. * Zooming out to the weekly chart we can also see MTB shares have pushed their way above the falling resistance line that had been guiding it lower since early last year. * Although it has been choppy and should remain so in the foreseeable future, the higher lows made since March is the first string of higher lows made in over a year. Citizens Financial Group (CFG)In the same vein as M&T Bank, and for the same reason, Citizens Financial Group shares have just wiggled their way out of a rut and almost back into an uptrend. In this case, however, there's one last clear technical hurdle to get past before the advance has an unfettered path higher. * 7 Retail Stocks to Buy That Are Down in 2019 Click to Enlarge * That resistance level is plotted in purple on the daily chart, connecting all the peak highs since February. * Although not quite yet, the purple 50-day line is about to cross above the 200-day moving average line plotted in white on both stock charts. Once that happens we'll have a key "golden cross" fanning the bullish flames. * That being said, Citizens Financial Group have already fought their way back above a key ceiling for a third time. That's the 38.2% Fibonacci retracement line at $35.44. That puts the next key ceiling somewhere around $40.50. NRG Energy (NRG)Two months ago, NRG Energy shares were in serious trouble. Not only had they broken below the pivotal 200-day moving average line, they fell below a long-standing and rising support line that had been guiding NRG stock upward since 2017.Shares proceeded a little lower following the bearish catalyst, and may still be destined for a renewal of that downtrend. But, a chart pattern that took shape last week has major bullish implications that could easily lead to a full-blown recovery. Click to Enlarge * The pattern in question is highlighted on the daily chart. A sizeable setback followed by a hammer-shaped bar near the previous day's low followed by a tall bullish bar. Called a morning doji star, it suggests a transition from a net-bearish to a net-bullish environment. * Bolstering the potential bullishness is the weekly chart's RSI indicator. It slipped into oversold territory for the first time in months in May. * The follow-through has been respectable so far, though not perfect. The purple 50-day average could still act as resistance.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Should Be Every Young Investor's First Choice * 5 IPO Stocks to Buy -- According to Wall Street Analysts * The Top 10 Best Sectors in the Market for 2019 The post 3 Big Stock Charts for Friday: M&T Bank, NRG Energy and Citizens Financial Group appeared first on InvestorPlace.
Citizens Financial Group, Inc. (NYSE: CFG or the “Company”) today announced that its board of directors has authorized the Company to repurchase up to $1.275 billion of the Company’s common stock over the four-quarter period beginning July 1, 2019, which represents a 25% increase over last year’s authorization. “We are pleased to report that our board has approved a new share repurchase authorization which represents a sizeable increase over our 2018 plan,” said Bruce Van Saun, Chairman and Chief Executive Officer.
Zacks.com featured highlights include: Hibbett Sports, Universal Forest, Citizens Financial, Westlake and Metlife
The Federal Reserve releases the Dodd-Frank Act supervisory stress test 2019 (DFAST 2019) results which reflect the stability of the banking system.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Citizens Financial Group (CFG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Thanks to technology advancements, consumer bank accounts are better protected than ever before. To be truly effective, fraud protection and detection must be a partnership between financial institutions and their customers, with both keeping a close eye out for unauthorized activity. “Industry data shows us that for 10,000 debit card transactions, as many as 25 are fraudulent,” said Jason Castillo, head of enterprise fraud management at Citizens Bank.
Watch the video interview with Bruce Van Saun, who believes Washington D.C. can focus more on strengthening the current positive economic environment.
Taking the occasional loss comes part and parcel with investing on the stock market. And unfortunately for...