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Citizens Financial Group: Two Good Income Options

Citizens Financial Group is a bank holding company that offers banking products and services in 14 states. This is a profitable business managed by a company with adequate liquidity and conservative lending practices. But most importantly, its shares are trading at an unjustified discount to its book value and the current price has resulted in an attractive but safe dividend yield.

Citizens Financial Group is tapping the investment-grade bond market on Thursday with an offering of fixed- and floating-rate senior notes, a day after it reported its first-quarter earnings.

Citizens Financial's (CFG) Q1 earnings reflect an improvement in non-interest income. However, challenges emerge with lower net interest income and higher provisions and expenses.

Citizens Financial Group, Inc. (NYSE:CFG ) Q1 2024 Earnings Conference Call April 17, 2024 9:00 AM ET Company Participants Kristin Silberberg - Executive Vice President, Investor Relations Bruce Van Saun - Chairman and Chief Executive Officer John Woods - Chief Financial Officer Brendan Coughlin - Head, Consumer Banking Don McCree - Head, Commercial Banking Conference Call Participants Ryan Nash - Goldman Sachs Scott Siefers - Piper Sandler John Pancari - Evercore Peter Winter - D.A. Davidson Ken Usdin - Jefferies Matt O'Connor - Deutsche Bank Dave Rochester - Compass Point David Konrad - KBW Manan Gosalia - Morgan Stanley Operator Good morning, everyone and welcome to Citizens Financial Group First Quarter Earnings Conference Call.

Bruce Van Saun, Citizens Financial Group CEO, joins 'Squawk on the Street' to discuss how Van Saun characterizes the company's quarterly earnings results, why capital markets activity is sustainable, and more.

Although the revenue and EPS for Citizens Financial Group (CFG) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Citizens Financial Group (CFG) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $1 per share a year ago.

Citizens Financial Group (CFG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Besides Wall Street's top -and-bottom-line estimates for Citizens Financial Group (CFG), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.