Citizens Financial Group, Inc. (NYSE:CFG) is reporting third quarter financial results on Friday 16th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, CFG is expected to report 3Q20 income of $ 0.74 per share from revenue of $ 1730.77 million.
For the full year, analysts anticipate top line of $ 6827.73 million, while looking forward to income of $ 1.95 per share bottom line.
Previous Quarter Performance
Citizens Financial Group, Inc. reported income for the second quarter of $ 0.55 per share, from the revenue of $ 1,750.00 million. The quarterly earnings dropped 42.11 percent while revenues gained 7.49 percent compared with the same quarter last year. The top line results outshined analysts by $ 73.82 million or 4.40 percent.
Stock Performance
Shares of Citizens Financial Group, Inc. traded up $ 0.32 or 1.16 percent on Thursday, reaching $ 27.90 with volume of 9.20 million shares. Citizens Financial Group, Inc. has traded high as $ 28.06 and has cracked $ 27.15 on the downward trend
According to the previous trading day, closing price of $ 27.90, representing a 95.33 % increase from the 52 week low of $ 14.12 and a 33.2 % decrease over the 52 week high of $ 41.29.
The company has a market capital of $ 11.91 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Bank of America at Buy rating, with $ 32.00 target price.
- On 10th September 2020, initiated by DA Davidson at Buy rating, with $ 35.00 target price.
Recent Stock Dividend Announcement
On July 17, 2020, the board of directors authorized 3Q20 dividend of $ 0.39 per share to holders of record as of the close of business on July 29, 2020, with payment date of August 12, 2020 and ex-dividend date on July 28, 2020.
Conference Call
Citizens Financial Group, Inc. will be hosting a conference call at 9:00 AM eastern time on 16th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.citizensbank.com
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
