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CFG Citizens Financial Group Inc

$67.39
$0.55
(0.82%)
Today
Closed $67.39
$0.00
(0.00%)
After Hours
EarningsOct 16
Mkt Cap$28.15B
Vol3.26M

About CFG

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the Consumer Banking and Commercial Banking segments. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance, and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.
40

Bearish Sentiment

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Fitch Ratings upgraded Citizens Financial Group and its operating subsidiary Citizens Bank to ’A-’ from ’BBB+’, citing sustained improvements in earnings generation and profitability, while maintaining a stable outlook. Fitch also raised their Viability Ratings to ’a-’ from ’bbb+’, with short-term ratings unchanged at ’F1’. The upgrade reflects stronger margins from asset repricing, stable credit costs and long-term investments in fee-generating businesses such as private banking, capital markets and wealth management. Non-interest income accounted for 28% of revenue in the first half of 2026, while private-bank assets under management rose 48% year over year in Q2. Citizens’ operating profit improved to 1.6% of risk-weighted assets in Q2 from 1.1% in 2024, with wealth-management revenue up 16% and capital-markets revenue up 52% year over year. The bank’s impaired-loan ratio remained at 1.8%, while net charge-offs fell to 38 basis points from 57 basis points in Q1 2025. $CFG

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