Advertisement
Advertisement
U.S. markets closed
Advertisement
Advertisement
Advertisement
Advertisement

Citizens Financial Group, Inc. (CFG)

NYSE - Nasdaq Real Time Price. Currency in USD
Add to watchlist
37.03+1.88 (+5.35%)
At close: 04:00PM EDT
36.00 -1.03 (-2.78%)
After hours: 07:27PM EDT
Advertisement
Sign in to post a message.
  • J
    Jabberwonky
    I dumped 80% of my shares at 44, was a nice ride up. Looking to buy back in under $32.
  • A
    Arcipreste
    Take no prisoners on the pullback today. One would think share prices would start looking attractive.
  • B
    Brewster
    Revisiting UBS comments:
    (Buying for LT for my IRA)

    "Citizens Financial Group (NYSE:CFG) stock is gaining 2.0% in Monday premarket trading after UBS analyst Erika Najarian upgrades the bank to Buy from Neutral on the basis that the market isn't taking into account the bank's deposit pricing performance. She increased her price target to $54 from $48.

    "We think the market is still valuing the old Citizens of 2015-18 — one with the highly rate sensitive deposit base vs. peers," Najarian wrote in a note to clients. After meeting with Brendan Coughlin, CFG's head of Consumer Banking, "we came away with the view that CFG's deposit pricing performance should be in-line with peers — implying the valuation gap is too extreme (peers at 1.6x YE 2022TBV and 9x '23E)."
    Bullish
  • J
    JK
    Looks like Wolfe Research was spot on. Not sure I understand why, but we are a lot closer to 33 than I ever would have imagined. Kudos to them. I still think the future for CFG looks bright after this down cycle passes.
  • Y
    Yankee
    Anybody know where the analyst from Wolfe Research are coming from? Just put "UNDERPERFORM" and cut target to $33.00... This one seems to be coming out absolutely nowhere - do they know something we don't?
  • J
    JK
    Sanity starting to return.

    Compass Point Adjusts Price Target for Citizens Financial Group to $41 From $58, Maintains Buy Rating
    Bullish
  • J
    JK
    UBS upgrade from hold to buy. Price target $54.
  • P
    PAT
    New investor this a.m. at 38 due to Barrons article. For some diversification/yld. (I had no financials). Did a little research last weekend and like it here.
    Bullish
  • Y
    Yankee
    Anybody know the difference between preferred CFG-D and CFG-E? One is about $25 with a div of 6.12% while the other is about $19.75 with a div of 6.25. The prices are $5 or $6 apart but the div are about equal... What the substantial difference between these two preferred stocks?
  • Y
    Yankee
    Does anybody know what the current Book Value or TBV for CFG is? I made a comment about TBV about a month ago but was corrected - must be looking at the wrong information source...
  • S
    Sosadtoobad
    From a Barron's article......

    “CFG now is embarking on the next leg of its journey,” RBC Capital Markets analyst Gerard Cassidy, who has an Outperform rating on the stock, wrote after the earnings release. “As it delivers on the integration of its deals, a peer group’s stock valuation would be warranted.”

    Cassidy has a point. Citizens trades at 1.3 tangible book value, in line with its five-year average but lower than peers like Fifth Third Bancorp (FITB), and Huntington Bancshares (HBAN), which trade at 1.6 times. With a tangible book value of $32.91 expected in 2022, that would imply a target of $49 based on a tangible book value of 1.5 times, up about 29% from a recent price of $38.
  • J
    JK
    Rates continue to trend higher and the yield curve has a slight positive slope. All good news for bank margins, especially banks with solid deposit funding vs. wholesale funding.

    In the last comments from CFG CEO he mentioned the hundreds of millions of incremental margin revenue they had already seen in Q1 when rates increased. Things have only gotten better since then from a margin perspective.
    Bullish
  • S
    SoC
    CFG's financial advisors are doing their part by churning customers' stock portfolios. More commissions.
    Neutral
  • J
    Jedi
    Can’t wait to buy at 30
  • k
    kenny
    @yankee… just take a look at other regionals, most of them go up today except CFG, it looks like it wants to go up but the shorts keep it under water. What went wrong? I hope people are just accumulating at low prices until they feel they have enough shares to pump it up. The market is up 400 points right now and still CFG is not above water.
  • S
    Sosadtoobad
    During their earnings call they mentioned that they plan on raising the dividend during the second half of the year, It would be a good development since they haven't raised their dividend in a long time. Let's hope it happens. Would help the stock price too.
  • k
    kenny
    CFG-PE should be 8.3, according to CNBC, where does the 19.35 come from?
  • J
    JK
    CFG continues to trade at a 20-30% discount to other banks based on PE, P/CF and P/Sales. Dividend yield is similar to others. Based on closed acquisitions I think CFG will outgrow some of the other banks. Investors Bank and HSBC branches are expected to add 8% to 2023 EPS. With the changes in rates that may be even better depending on customer and balance retention for loans and deposits.
  • Y
    Yankee
    I'm guessing the pain should end soon with CFG - we are only $4.40 away from tangible book value which means that the share price is equal to all of the real assets of CFG... I still feel that by December 31, 2022 this pain will be a distance memory...
  • k
    kenny
    I’ve been thinking of higher rates means better earnings for the banks, can anyone explain to me why the banks performance lately is exactly the opposite? Thx.
Advertisement
Advertisement