Citizens Financial Group, Inc. (NYSE:CFG) unfold its third quarter earnings results on Friday 16th October 2020 before market open.
Citizens Financial Group, Inc. unfold quarterly income of $ 0.68 per share, from the revenue of $ 1,791.00 million. On adjusted basis, the firm reported income for the quarter of $ 0.73 per share.
The consensus estimate are $ 0.74 income per share from revenues of $ 1730.77 million.
The third quarter financial report outlined, earnings missed street analysts by $ 0.01 or 1.35 percent, where as revenues outshined analysts estimates by $ 60.23 million or 3.48 percent.
On the other hand, The quarterly earnings reduced 29.90 percent compared with the same quarter last year, at the same time revenues grew 9.34 percent versus third quarter of last year.
Bruce Van Saun, Chairman and CEO, Citizens continues to rise to the occasion, meeting the unique challenges present in 2020 and delivering well for all of our stakeholders. We posted record levels of revenue and pre-provision profit, further bolstered our loan loss reserve and grew our CET1 capital ratio to 9.8%. We continue to demonstrate the strong resilience and diversification of our business model, while helping our customers, colleagues and communities get through this difficult environment.
