In particular, continued slow loan growth is becoming a drag on regional banks, which have less exposure to the booming Wall Street trading and investment-banking business that is benefiting some of the very biggest megabanks. Do the numbers hold clues to what lies ahead for the stock? The reading indicates that business conditions improved modestly in the fourth quarter, as the Federal Reserve continued to lower interest rates and election-related uncertainty abated. NYSE: CFG today announced that it has further expanded its wealth management reach and capabilities in southern Florida, setting the stage for further growth in that key market.
In this article, we are going to take a look at where Citizens Financial Group, Inc. CFG reports robust financial performance with increased net interest income and strategic investments in private banking, despite challenges in loan demand and commercial real estate.
Solid fee income growth, along with reduced expenses, supports CFG's Q4 earnings. Lower NII and loans and deposit balances are headwinds. The headline numbers for Citizens Financial Group CFG give insight into how the company performed in the quarter ended December , but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Wall Street got a leg-up last year as dealmaking activity recovered from a decade-low in , while improving confidence spurred companies to issue debt and equity. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. Lastly, TikTok parent company ByteDance's deadline to divest from the social media app is Sunday, January 19, as the Supreme Court has yet to issue an official decision on whether to uphold a US ban on the app.
This post was written by Luke Carberry Mogan. We recently published a list of 10 Best Bank Stocks to Buy in According to […]. Selected edition. Sign in. My Portfolio News Latest. Stocks: Most Actives. Credit Cards. Market Open. All News Press Releases. All SEC Filings. Periodic Financial Reports. Proxy Statements. Offering Registrations. Simply Wall St. Citizens Financial's profit beats on capital markets strength Wall Street got a leg-up last year as dealmaking activity recovered from a decade-low in , while improving confidence spurred companies to issue debt and equity.
