RBC Capital raised the firm’s price target on Citizens Financial to $35 from $33 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company should continue to drive its profitability with higher levels of fee revenues combined with adroit management of its capital, the analyst tells investors in a research note. Citizens is embarking on the next leg of its profitability “journey” with the successful consummation of the acquisitions of HSBC and ISBC and the expansion into Private Banking with the creation of Citizens Private Bank, the firm added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 Insiders’ Hot Stocks on TipRanks >>
Read More on CFG:
- Citizens Financial reports Q4 underlying EPS 85c, consensus 71c
- Notable companies reporting before tomorrow’s open
- Options Volatility and Implied Earnings Moves This Week, January 16 – January 19, 2024
- CFG Upcoming Earnings Report: What to Expect?
- Citizens Financial price target raised to $36 from $33 at Deutsche Bank