Citizens Financial Group (NYSE:CFG) on Thursday reported better-than-expected second-quarter financial results.
Citizens Financial reported quarterly earnings of $1.30 per share which beat the analyst consensus estimate of $1.24 per share. The company reported quarterly sales of $2.283 billion which beat the analyst consensus estimate of $2.248 billion.
“We delivered an outstanding second quarter, led by strong revenue growth, significant positive operating leverage and favorable credit performance,” said Chairman and CEO Bruce Van Saun. “We are executing well on our strategic initiatives, with continued strong growth in the Private Bank, record Wealth fees and record second quarter fees in Capital Markets, meaningful progress on Reimagine the Bank, and the successful launch of a new Consumer mobile platform. We were pleased about the DFAST stress loss results and anticipate further improvement under the new Fed models. We remain confident in our momentum and outlook through the remainder of 2026 and for 2027.”
Citizens Financial shares gained 1% to $75.17 in pre-market trading.
These analysts made changes to their price targets on Citizens Financial following earnings announcement.
- Baird analyst David George maintained the stock with a Neutral and raised the price target from $72 to $75.
- Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $77 to $81.
Considering buying CFG stock? Here’s what analysts think:
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