Citizens Financial Group Inc (CFG) was Upgraded by Wells Fargo to ” Outperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on May 13, 2016.
On the company’s financial health, Citizens Financial Group Inc reported $0.41 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $1234.00 million for the quarter, compared to analysts expectations of $1226.95 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Citizens Financial Group Inc opened for trading at $21.94 and hit $22.52 on the upside on Tuesday, eventually ending the session at $22.36, with a gain of 2.33% or 0.51 points. The heightened volatility saw the trading volume jump to 1,01,59,336 shares. Company has a market cap of $11,828 M.
In a different news, on Mar 9, 2016, Shivan S. Subramaniam (director) purchased 5,000 shares at $20.91 per share price. According to the SEC, on Feb 10, 2016, David J. Bowerman (Vice Chair, Business Services) purchased 2,400 shares at $19.40 per share price. On Nov 13, 2015, Donald H Iii Mccree (Vice Chair, Commercial Banking) purchased 80,000 shares at $25.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Citizens Financial Group Inc. is a retail bank holding company in the United States. The Company offers a range of retail and commercial banking products and services to individuals institutions and companies. The Company operates approximately 1200 branches in an 11-state footprint across the New England Mid-Atlantic and Midwest regions. The Company serves the financial needs of customers and prospects through its online telephone and mobile banking platforms. It also maintains over 100 retail and commercial non-branch offices located both in the Companys banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Companys subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).