Citizens Financial Group Inc (CFG) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.44. The company posted revenue of $1278.00 million in the period, compared to analysts expectations of $1263.39 million. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on Citizens Financial Group Inc. Citizens Financial Group Inc was Upgraded by Wells Fargo to ” Outperform” on May 13, 2016.
Citizens Financial Group Inc opened for trading at $21.06 and hit $21.53 on the upside on Wednesday, eventually ending the session at $21.32, with a gain of 1.38% or 0.29 points. The heightened volatility saw the trading volume jump to 84,70,988 shares. Company has a market cap of $11,278 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).