Citizens Financial Group, Inc.’s Stock Price Dips to $42.41, Marking a 2.46% Decline: Time to Buy?

Citizens Financial Group, Inc. (CFG)

42.41 USD -1.07 (-2.46%) Volume: 10.39M

Citizens Financial Group, Inc.’s stock price stands at 42.41 USD, experiencing a slight dip of -2.46% this trading session, yet showcasing a robust YTD increase of +27.97%. With a trading volume of 10.39M, CFG’s stock performance continues to display strong market presence.

Latest developments on Citizens Financial Group, Inc.

Citizens Financial Group (NYSE:CFG) reported their third-quarter earnings, with underlying EPS at 79c, matching consensus estimates. Despite facing challenges such as a profit dip and competition for deposits heating up, the company managed to report a net income of $382 million and EPS of $0.77 for the quarter. However, the stock slid 3.4% after revenue fell short of estimates, leading to a gap down in shares. Despite this, Citizens Financial remains optimistic for the future, expecting a rebound in the next quarter with net interest income projected to increase by 1.5%-2.5%. The company’s stock recently hit a 52-week high at $43.96, reflecting investor confidence in its growth prospects.

A look at Citizens Financial Group, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Citizens Financial appears to have a positive long-term outlook. With high scores in Value, Dividend, Resilience, and Momentum, the company seems to be in a strong position across various factors. This suggests that Citizens Financial may be a reliable investment option for those looking for stability and potential growth in the future.

Citizens Financial Group Inc. provides a wide range of banking services for both retail and institutional customers. Offering consumer loans, commercial loans, mortgage loans, deposit products, internet banking, and trust services, the company caters to a diverse set of financial needs. With solid scores in key areas like Value and Dividend, Citizens Financial seems well-positioned to weather economic fluctuations and maintain its momentum in the market.

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