Revenue Update on Citizens Financial Group Inc(NYSE:CFG)

Citizens Financial Group Inc(NYSE:CFG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $1.28B. Analysts estimated a revenue of $1.26B. Earnings per share were $0.46. Analysts had estimated an EPS of $0.44.

In a different note, On Jun 6, 2016, Citigroup said it Maintains its rating on Citizens Financial Group Inc. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Buy’ by the firm. On May 13, 2016, Wells Fargo said it Upgrades its rating on Citizens Financial Group Inc. The shares have been rated ‘Outperform’ by the firm.

Citizens Financial Group Inc (CFG) made into the market gainers list on Wednesdays trading session with the shares advancing 1.38% or 0.29 points. Due to strong positive momentum, the stock ended at $21.32, which is also near the day’s high of $21.53. The stock began the session at $21.06 and the volume stood at 84,70,988 shares. The 52-week high of the shares is $27.3 and the 52 week low is $18.04. The company has a current market capitalization of $11,278 M and it has 52,89,80,180 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 9, 2016, Shivan S. Subramaniam (director) purchased 5,000 shares at $20.91 per share price.Also, 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 Company’s banking footprint and in eleven other states and the District of Columbia. The Company operates in two segments: Consumer Banking and Commercial Banking. The Company’s subsidiaries are Citizens Bank N.A. (CBNA) and Citizens Bank of Pennsylvania (CBPA).

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