
CFG Stock Forecast & Price Target
CFG Analyst Ratings
Bulls say
Citizens Financial Group Inc. has demonstrated a strong financial position, characterized by a solid 2.8% increase in period-end deposits, reaching $180.0 billion, driven primarily by growth in institutional bank deposits and non-interest-bearing deposits. Net interest income has also seen significant year-over-year growth, increasing by $49 million quarter-over-quarter, reflecting a robust performance in lending activities, particularly in commercial and private banking segments. Additionally, the increase in private banking average deposits by 22% quarter-over-quarter to $13.1 billion illustrates effective customer acquisition and retention strategies, further underpinning a positive long-term outlook for the company.
Bears say
Citizens Financial Group’s net charge-offs (NCOs) remain a concern despite a minor decrease, recorded at 0.43% of average loans, indicating potential vulnerabilities in loan performance compared to previous periods. Core fee income showed a slight decline of 1.6% quarter-over-quarter to $620 million, suggesting challenges in maintaining revenue streams amidst a competitive banking environment. Additionally, the company's common equity tier 1 (CET1) ratio, adjusted for negative accumulated other comprehensive income (AOCI), fell to 9.5%, highlighting potential capital adequacy issues that may bring regulatory scrutiny.
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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