|Bid||0.00 x 1100|
|Ask||37.73 x 1300|
|Day's Range||36.09 - 36.53|
|52 Week Range||34.88 - 48.23|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||9.25|
|Earnings Date||Jan 18, 2019|
|Forward Dividend & Yield||1.08 (2.82%)|
|1y Target Est||46.25|
Citizens Financial Group (CFG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Rising interest rates present a double-edged sword for bank stocks. The reduced number of loans has become one factor leading to stock price declines in the banking sector across the board. This has also led investors to adjust their positions in bank stocks.
Citizens Bank today announced an expanded national partnership between national nonprofit Local Initiatives Support Coalition (LISC) and the Citizens Charitable Foundation. This partnership will fund a range of employment services designed to help people to find work, move up from minimum wage jobs and stabilize their family’s financial outlook.
Citizens Financial Services (CZFS) delivered earnings and revenue surprises of 1.55% and -3.50%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The bank said that its chief administrative officer and chief auditor have begun leaves of absence from the bank and named new leaders for key parts of the company.
Short 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. The net inflows of $1.08 billion over the last one-month into ETFs that hold CFG are among the lowest of the last year and appear to be slowing.
Despite financial stocks rebounding in recent weeks, a number of regional banks face high risk of steep sell-offs due to declines in their reserves for loan losses. Recently released loan-loss reserve numbers from Citizens Financial Group Inc. ( CFG), Fifth Third Bancorp ( FITB), Zions Bancorp ( ZION) and Regions Financial Corp. ( RF), revealed that their total allowances for loans had dipped to considerably low levels, making them vulnerable in the case of a deterioration in the credit quality of their loan books, according to Barron’s. Total allowances for loans as a percentage of loans and leases among the large regional banks fell 0.07% from last year’s 1.18% and are now lower than they were nearly ten years ago, when the U.S. financial system was just beginning to regain its footing after a near collapse.
Having clear and easy to access financing options available at the point of purchase dramatically increases the likelihood that a consumer will make a retail purchase, according to research released today by Citizens Bank. The inaugural Citizens Point of Sale Survey found that 76% of U.S. consumers are more likely to make a retail purchase if a payment plan backed by a simple and seamless point of sale experience is offered. Further, 66% of consumers feel that they have enough credit cards and prefer not to open more just to make a big purchase.
Dallas waste water disposal company Goodnight Midstream has tapped the local outposts of banking giants led by Wells Fargo and Amsterdam’s ABN AMRO for an additional $100 million in debt available to build out its infrastructure.
Providence, R.I.-based Citizens Financial Group has a deal in place for Clarfeld Financial Advisors, a $6.6 billion-asset firm based just north of New York City.
Insider Monkey has processed numerous 13F filings of hedge funds and famous investors to create an extensive database of hedge fund holdings. The 13F filings show the hedge funds and investors’ positions as of the end of the second quarter. You can find write-ups about an individual hedge fund’s trades on numerous financial news websites. […]
Citizens Financial (CFG) to purchase Clarfeld Financial Advisors, LLC, to trim costs, expand its product offerings and get digitized with innovative technology.
The deal is part of the bank's strategic plan to cut expenses, grow its fee product offerings and enhance technology.
Clarfeld’s sophisticated high net worth and ultra-high net worth offerings augment Citizens Bank Wealth Management’s multi-segment investment advisory platform
Citizens Financial Group, Inc. announced today that Chief Financial Officer John Woods, Chief Marketing Officer and Head of Virtual Channels Beth Johnson and President of Consumer Deposits and Lending Brendan Coughlin, will participate at the BancAnalysts Association of Boston Conference on Thursday, November 8, 2018 at 1:20 pm ET.
As part of its ongoing commitment to give back to the communities it serves, Citizens Bank has again partnered with the Military Warriors Support Foundation (MWSF) to donate a newly renovated, mortgage-free house to a deserving veteran and his family. The Aldan, Pennsylvania home – renovated by Citizens Bank colleagues and donated by the bank – was presented today to Private First Class Michael Lowe, who honorably served his country as a combat engineer in Iraq and Korea.
Short 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. ETFs that hold CFG had net inflows of $6.72 billion over the last one-month.
As part of a bigger package of changes aimed at large banks, the Fed has proposed freeing banks with $100 billion to $250 billion from having to conduct company-run stress tests.
The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses. Under the Fed proposal, midsized lenders including U.S. Bancorp, Capital One Financial Corp, PNC Financial Corp and Charles Schwab Corp would face lower liquidity and compliance requirements, and smaller banks would get even easier treatment. The proposal stems from a law Congress passed in May that ordered the Fed to reduce regulatory burdens on community and regional lenders.
Bruce Van Saun became the CEO of Citizens Financial Group Inc (NYSE:CFG) in 2013. This analysis aims first to contrast CEO compensation with other large companies. Then we’ll look at Read More...
The bank plans to have up to 75 people working on internal projects over the next few months and has partnered with six different fintech companies.