Citizens Financial Group (CFG) Posts Earnings Results, Beats Expectations By $0.04 EPS
Citizens Financial Group (NYSE:CFG) released its quarterly earnings results on Friday. The bank reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04, Bloomberg Earnings reports. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Citizens Financial Group had a return on equity of 6.44% and a net margin of 20.26%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $0.55 EPS.
Citizens Financial Group (NYSE CFG) opened at $46.82 on Friday. The firm has a market capitalization of $23,035.02, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 0.71 and a beta of 1.37. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.67. Citizens Financial Group has a fifty-two week low of $31.51 and a fifty-two week high of $47.32.
In other Citizens Financial Group news, Director Wendy A. Watson sold 4,000 shares of Citizens Financial Group stock in a transaction on Friday, December 1st. The stock was sold at an average price of $40.31, for a total value of $161,240.00. Following the completion of the transaction, the director now directly owns 12,917 shares of the company’s stock, valued at approximately $520,684.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.21% of the stock is owned by insiders.
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About Citizens Financial Group
Citizens Financial Group, Inc is a retail bank holding company. The Company operates through two segments: Consumer Banking and Commercial Banking. Its Consumer Banking serves retail customers and small businesses. Consumer Banking products and services include deposit products, mortgage and home equity lending, auto financing, student loans, personal unsecured lines and loans, credit cards, business loans, wealth management and investment services.
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