Citizens Financial Group (CFG) has disclosed a new risk, in the Debt & Financing category.
Citizens Financial Group’s financial performance is vulnerable to the potential decline in borrower credit quality. Economic downturns could lead to more borrowers struggling to repay their loans, thereby increasing credit losses and necessitating higher loan loss provisions. Concentration of loans in specific sectors, collateral types, or geographic areas may exacerbate credit risk. Additionally, adverse economic shifts or changes in consumer and business behaviors, such as falling property values, rising unemployment, or climbing interest rates, could materially amplify credit losses and negatively affect the company’s financial health.
The average CFG stock price target is $36.91, implying 16.95% upside potential.
To learn more about Citizens Financial Group’s risk factors, click here.
