Citizens Financial Group (NYSE:CFG) reported better-than-expected earnings for the third quarter.
The company posted quarterly earnings of $1.41 per share which beat the analyst consensus estimate of $1.38 per share. The company reported quarterly sales of $2.322 billion which missed the analyst consensus estimate of $2.336 billion.
“We continued to deliver attractive revenue and earnings growth in the third quarter, notwithstanding significant volatility in the external environment,” said Chairman and CEO Bruce Van Saun. “We remain focused on executing our strategic initiatives, advancing our AI, technology and cybersecurity agenda, and attracting great talent. We remain confident in our positioning and outlook for Q4 and for 2027.”
Citizens Financial shares fell 1.4% to trade at $62.44 on Monday.
These analysts made changes to their price targets on Citizens Financial following earnings announcement.
- RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating and lowered the price target from $79 to $74.
- Morgan Stanley analyst Manan Gosalia maintained the stock with an Overweight rating and cut the price target from $89 to $87.
Considering buying CFG stock? Here’s what analysts think:
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