
CFG Stock Forecast & Price Target
CFG Analyst Ratings
Bulls say
Citizens Financial Group demonstrated strong financial performance, with period-end deposits rising by 2.8% to $180.0 billion, driven primarily by increases in interest-bearing deposits (IBD) and non-interest-bearing (NIB) deposits. Furthermore, net interest income saw a significant quarter-over-quarter increase of $49 million, or 3.3%, indicating a healthy revenue growth trajectory. Additionally, the private banking sector experienced remarkable growth, with deposits skyrocketing by 44% quarter-over-quarter, reaching $12.5 billion, surpassing management's year-end target.
Bears say
Citizens Financial Group Inc. exhibits several concerning financial trends that contribute to a negative outlook. Although net charge-offs decreased slightly to 0.43% of average loans, the persistent decline in core fee income by 1.6% quarter-over-quarter indicates potential challenges in revenue generation. Moreover, the CET1 ratio, which fell to 9.5% including negative accumulated other comprehensive income (AOCI), suggests that the bank is approaching its regulatory capital requirements without much buffer, raising concerns about its financial stability.
This aggregate rating is based on analysts' research of Citizens Financial Group and is not a guaranteed prediction by Public.com or investment advice.
CFG Analyst Forecast & Price Prediction
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