
CFG Stock Forecast & Price Target
CFG Analyst Ratings
Bulls say
Citizens Financial Group reported a notable increase in period-end deposits, rising by 2.8% to reach $180.0 billion, bolstered by strong growth in both interest-bearing deposits (IBD) and non-interest-bearing (NIB) deposits, which comprised 22% of total deposits, demonstrating consistent stability over the past nine quarters. The bank's net interest income also showed solid growth, increasing by $49 million quarter-over-quarter, reflecting a 3.3% rise, alongside a substantial acceleration in private banking deposits, which surged 44% to $12.5 billion, significantly surpassing management's year-end target. Additionally, the tangible book value (TBV) per share increased due to a 15.0% rise in tangible common equity, indicating a stronger capital base despite a slight reduction in common shares outstanding.
Bears say
Citizens Financial Group reported a decline in core fee income, which decreased by $10 million (or -1.6%) quarter-over-quarter, underscoring potential challenges in revenue generation from non-interest sources. The company's Common Equity Tier 1 (CET1) ratio has fallen to 9.5%, reflecting concerns amidst a negative Accumulated Other Comprehensive Income (AOCI), despite remaining above the regulatory minimum. Additionally, the non-core portfolio continued its decline, decreasing by $4.4 billion year-over-year, indicating possible issues with asset management and future profitability.
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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