Citizens Financial Group, Inc. (NYSE:CFG) is reporting second quarter financial results on Friday 17th July 2020, before market open.
According to analysts surveyed by Thomson Reuters, CFG is expected to report 2Q20 income of $ 0.07 per share from revenue of $ 1676.18 million.
For the full year, analysts anticipate top line of $ 6681.54 million, while looking forward to income of $ 1.00 per share bottom line.
Previous Quarter Performance
Citizens Financial Group, Inc. disclosed income for the first quarter of $ 0.09 per share, from the revenue of $ 1.66 million. The quarterly earnings contracted 90.22 percent while revenues declined 99.90 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.38 per share from $ 1613.01 million in revenue. The bottom line results missed street analysts by $ 0.29 or 76.32 percent, at the same time, top line results fell short of analysts by $ 1 million or 99.9 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of CFG was $ 25.45, representing a 80.24 % increase from the 52 week low of $ 14.12 and a 38.36 % decrease over the 52 week high of $ 41.29.
The company has a market capital of $ 10.86 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Bank of America at Buy rating, with $ 30.00 target price.
On 8th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 36.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.39 per share on April 17, 2020. The dividend were payable on May 13, 2020 to holders of record as of the close of business on April 29, 2020 and ex-dividend date on April 28, 2020.
Conference Call
Citizens Financial Group, Inc. will be hosting a conference call at 9:00 AM eastern time on 17th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.citizensbank.com
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.
