Citizens Financial Group Inc
CFG
ISIN US1746101054 / Valor 24463356
Citizens Financial Group Inc
UMushroom community rating:
About company
Citizens Financial Group Inc. is a financial services company that provides a wide range of banking and financial products and services to individuals, small businesses, and corporations.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Net Income and EPS
In the third quarter of 2024, Citizens Financial Group Inc. reported a net income of $382 million, translating to an earnings per share (EPS) of $0.77. The underlying net income was slightly higher at $392 million, with an EPS of $0.79, indicating a stable financial performance for the quarter.
Capital and Liquidity
Citizens Financial Group Inc. maintained a strong capital position in the third quarter of 2024, with a Common Equity Tier 1 (CET1) ratio of 10.6%. The loan-to-deposit ratio (LDR) stood at 80.8%, reflecting a robust liquidity position and effective balance sheet management.
Private Bank Growth
During the third quarter of 2024, Citizens Financial Group Inc.'s Private Bank achieved significant growth, reaching $5.6 billion in deposits and $4.1 billion in assets under management (AUM). This growth underscores the bank's successful execution of its strategic initiatives in the private banking sector.
Dividend Announcement
Citizens Financial Group Inc. declared a quarterly common stock dividend of $0.42 per share for the third quarter of 2024. The dividend is scheduled to be paid on November 13, 2024, to shareholders who are on record as of the close of business on October 30, 2024.
Future Outlook
Looking ahead, Citizens Financial Group Inc. projects a strong performance in the fourth quarter of 2024 and into 2025. Despite some challenges in the third quarter, such as the impact of forward-starting swaps and deferred fees, the company remains optimistic about its growth prospects and strategic initiatives.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
19197 M
Market cap (USD)
10,095,584
Daily traded volume (Shares)
43.91 / 42.86
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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