Citizens Financial Group, Inc.’s Stock Price Soars to $33.99, Marking a Positive 3.31% Shift

Citizens Financial Group, Inc. (CFG)

33.99 USD +1.09 (+3.31%) Volume: 8.0M

Citizens Financial Group, Inc.’s stock price is currently standing strong at 33.99 USD, witnessing a positive surge of +3.31% in this trading session with a trading volume of 8.0M. Reflecting a sturdy performance, the stock has also seen a year-to-date increase of +2.56%, making CFG a potential contender in the financial market.

Latest developments on Citizens Financial Group, Inc.

In recent events, Citizens Financial Group (NYSE:CFG) experienced several notable shifts in its stock price. The company recruited a $5B team from JPMorgan, expanding its private bank and wealth management sector. Despite a slight dip in profits due to weaker interest income, the Group’s Q1 2024 earnings report revealed a net income of $334 million and an EPS of $0.65. However, the bank reported mixed results for Q1 2024 amid market challenges, causing some brokerage firms to rate CFG stock as a “hold”. Despite these challenges, Citizens remains committed to its strategic growth, affirming its FY24 forecast following Q1 results.

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 has a positive long-term outlook. With a top score in the Value category, the company is seen as a strong investment opportunity. Additionally, its high scores in Dividend and Growth indicate potential for steady returns and expansion in the future. Although the Resilience score is slightly lower, the overall Momentum score suggests that the company is on a positive trajectory.

Citizens Financial Group Inc. is a provider of commercial banking services for both retail and institutional customers. Offering a wide range of financial products such as consumer loans, commercial loans, and deposit products, the bank also provides internet banking and trust services. With strong scores in Value, Dividend, Growth, and Momentum, Citizens Financial is positioned well for continued success in the banking industry.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma