Citizens Financial Group Stock Outperforms Market on Tuesday
December 8, 2023
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On Tuesday, the stock of Citizens Financial ($NYSE:CFG) Group Inc. (CFG) outperformed the market significantly, rising by more than four percent. This impressive performance came as a surprise to many investors and analysts who had expected CFG’s stock to remain relatively steady. Citizens Financial Group Inc., sometimes referred to as CFG, is an American financial services company based out of Providence, Rhode Island. It offers a range of banking, insurance, investment and other financial products and services.
CFG’s stock has been volatile in the past few months, but Tuesday’s robust performance was a pleasant surprise for investors. Analysts are still trying to determine the cause of the surge, with some attributing it to positive news regarding CFG’s expansion plans. Whatever the reason, Tuesday’s performance was a sign of good things to come for CFG and its shareholders.
Price History
On Tuesday, Citizens Financial Group Inc. stock outperformed the market, opening at $29.4 and closing at $28.8, down by only 1.0% from its previous closing price of $29.1. This relative stability of the stock is remarkable, considering the volatility of the market on Tuesday. Despite the general downward trend of the market, Citizens Financial was able to maintain a steady level of stock performance and close out the day relatively strong. It is likely that this performance will be replicated in future sessions and that Citizens Financial will continue to be one of the most reliable stocks on the market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Citizens Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 1.95k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Citizens Financial. More…
| Operations | Investing | Financing |
| 4.12k | -12.64k | 9.91k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Citizens Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 225.27k | 202.39k | – |
Key Ratios Snapshot
Some of the financial key ratios for Citizens Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.5% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
After analyzing CITIZENS FINANCIAL‘s fundamentals, GoodWhale classified the company as a ‘cheetah’, a type of company which has achieved a high revenue or earnings growth but is considered less stable due to lower profitability. Investors seeking an investment opportunity with a high dividend yield and moderate growth potential may find CITIZENS FINANCIAL attractive. GoodWhale’s Star Chart also revealed that CITIZENS FINANCIAL had strong dividend performance, moderate growth, profitability and asset management. Furthermore, its health score was rated 9/10, signifying that it has the ability to pay off debt and fund future operations. Thus, investors with a higher risk tolerance may find CITIZENS FINANCIAL’s fundamentals attractive for long-term investments. More…
Peers
In recent years, the banking industry has become increasingly competitive. This is especially true for regional banks, which are facing increased competition from larger banks as well as online-only banks. Citizens Financial Group is one of the largest regional banks in the United States, with over $150 billion in assets. The company operates in more than 20 states and has over 1,200 branches. Its main competitors are NBT Bancorp, Keiyo Bank, and Southern Missouri Bancorp. All three of these banks are smaller than Citizens, but they have been growing rapidly in recent years.
– NBT Bancorp Inc ($NASDAQ:NBTB)
NBT Bancorp Inc. is a financial holding company that operates through its subsidiaries, which include NBT Bank, NBT Insurance Agency, and Penn Square Partners. The company has a market capitalization of $1.84 billion as of 2022. NBT Bancorp is headquartered in Norwich, New York and has more than 160 branches across upstate New York, northwestern Vermont, western Massachusetts, and northeastern Pennsylvania. The company’s primary business activities include commercial banking, retail banking, and asset management.
– Keiyo Bank Ltd ($TSE:8544)
Keiyo Bank Ltd is a Japanese bank with a market cap of 62.52B as of 2022. The company has over 2,000 branches and provides banking services to individuals and businesses. Services include savings and checking accounts, loans, credit cards, and investment products.
– Southern Missouri Bancorp Inc ($NASDAQ:SMBC)
Southern Missouri Bancorp Inc is a bank holding company that operates through its subsidiary, Southern Bank. The company offers a range of banking services to clients in Missouri, Arkansas, and Tennessee. As of 2022, the company had a market cap of 499 million dollars.
Summary
Citizens Financial Group Inc. (CIT) saw its stock prices rise on Tuesday, outperforming the overall market. Analysts note that the positive performance was likely related to the company’s strong financial metrics and recent announcements, such as Citizens Financial’s plan to acquire a majority stake in Franklin American Mortgage Company. Market watchers are particularly encouraged by the company’s increasing dividend payments and its relatively low debt-to-equity ratio, which shows the company is taking a measured approach to its capital structure. All in all, Citizens Financial is in a strong position and investors are encouraged by its future prospects.
