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Bruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, what's driving the company's net interest income data, and where the economy is in the credit cycle.
U.S. lenders' second-quarter profits were squeezed by dampening loan demand and the high interest they paid to hold on to deposits, but a flurry of bond sales boosted their investment banking units.
The headline numbers for Citizens Financial Group (CFG) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Citizens Financial Group (CFG) came out with quarterly earnings of $0.78 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.92 per share a year ago.
Citizens Financial beat expectations for second-quarter profit on Wednesday, as strong capital markets softened the hit from weaker lending.
Get a deeper insight into the potential performance of Citizens Financial Group (CFG) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.
Citizens Financial's (CFG) second-quarter 2024 results are likely to be driven by an improving lending scenario and strong fee income growth amid rising expenses and weakening asset quality.
Citizens Financial Group shares have performed well, up 36% in the past year, approaching my target of $37.50, as it has weathered the regional banking crisis well. Q1 results showed stable funding but slow asset growth, given non-core run-off; reserves appear low. My Q2 earnings analysis suggests a potential in-line quarter, with questions about reserves and the pace of loan growth.
Citizens Financial Group (CFG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.