Barclays lowered the firm’s price target on Citizens Financial to $40 from $42 and keeps an Overweight rating on the shares ahead of the Q2 results. The bank’s net interest income remains under pressure from funding costs though fee income rebounds on seasonality.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CFG:
- Treasury Secretary Yellen expects more bank mergers this year, WSJ reports
- Citizens Financial price target lowered to $33 from $35 at Piper Sandler
- Citizens Financial falls -7.7%
- Citizens Financial saw ‘opportunity’ to hire 50 First Republic bankers, says CFO
- Citizens Financial seeing higher than expected charge-offs, says CFO Woods
