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Citizens Financial
(NYSE:CFG)
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Rating:67Neutral
Price Target:
$69.00
▼(-1.19% Downside)
Action:Reiterated
Date:10/16/26
CFG scores highest on earnings-call outlook and capital-return commitments, supported by improving profitability. The overall score is tempered by weakening cash-flow momentum and a recent uptick in leverage, while technical indicators remain bearish (below key moving averages with negative MACD and low RSI). Valuation and the dividend provide a stabilizing offset.
Positive Factors
Improving Profitability and Margins
Higher net interest income, expanding margins, and stronger earnings demonstrate improving operating performance. The combination supports better internal capital generation and gives Citizens greater capacity to invest in growth, absorb credit costs, and sustain returns over the next several quarters.
Negative Factors
Higher Leverage and Moderate Returns
The increase in leverage reduces financial flexibility compared with the prior year, while ROE remains below Citizens’ stronger historical levels. Together, these factors indicate that balance-sheet growth is not yet translating into exceptional shareholder returns and could constrain resilience if conditions weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability and Margins
Higher net interest income, expanding margins, and stronger earnings demonstrate improving operating performance. The combination supports better internal capital generation and gives Citizens greater capacity to invest in growth, absorb credit costs, and sustain returns over the next several quarters.
Read all positive factors
Citizens Financial Key Performance Indicators (KPIs)
Any
Revenue By Segment
Breaks down total revenue across business lines (for example, consumer banking, commercial lending, and wealth management), revealing which parts of the bank drive growth and where income is concentrated. Revenue mix highlights dependence on interest versus fee income and points to areas with the biggest upside or risk.
Breaks down total revenue across business lines (for example, consumer banking, commercial lending, and wealth management), revealing which parts of the bank drive growth and where income is concentrated. Revenue mix highlights dependence on interest versus fee income and points to areas with the biggest upside or risk.
Data provided by:
The Fly
The FlyCitizens Financial (CFG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$27.51B
Dividend Yield2.82%
Average Volume (3M)4.89M
Price to Earnings (P/E)13.1
Beta (1Y)1.10
Revenue Growth3.59%
EPS Growth39.34%
CountryUS
Employees17,609
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)4.64
Shares Outstanding421,176,800
10 Day Avg. Volume5,833,339
30 Day Avg. Volume4,887,429
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)0.96
Price to Sales (P/S)2.26
P/FCF Ratio12.37
Enterprise Value/Market Cap1.24
Enterprise Value/Revenue2.98
Enterprise Value/Gross Profit4.12
Enterprise Value/Ebitda10.85
Forecast
1Y Price Target
$75.70Price Target Upside8.41% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)5.31
Revenue Forecast (FY)$9.18B
Citizens Financial Business Overview & Revenue Model
Company Description
Citizens Financial Group, Inc. (CFG) functions as the holding company for Citizens Bank, National Association, a major financial institution offering a comprehensive suite of retail and commercial banking solutions across the United States. It ser...
How the Company Makes Money
Citizens Financial Group primarily makes money through (1) net interest income and (2) noninterest (fee-based) income. Net interest income is earned by taking in customer deposits and other funding (for which it pays interest and/or incurs funding...
Citizens Financial Earnings Call Summary
Earnings Call Date:Oct 16, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 20, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Highlights significantly outweighed the challenges, with record revenue, accelerating EPS and ROTCE, expanding NIM, strong capital-markets and private-bank momentum, resilient credit, and favorable fourth-quarter and medium-term targets. The main cautions were fee softness, rate-driven deposit-cost pressure, AOCI-related capital volatility, commercial-loan reductions, macroeconomic uncertainty, and ongoing one-time program costs.Positive Updates
Strong Earnings and Profitability Growth
Third-quarter EPS was $1.41, up $0.11 or 8.5% sequentially and 34% year over year. ROTCE improved to 15.1% from 13.9% in the second quarter, while PPNR increased 4.5% linked quarter and approximately 19% year over year.
Negative Updates
Slight Decline in Fee Income
Fee income declined 1% linked quarter, although it increased 3% year over year. Capital-markets fees were slightly lower than the strong second quarter and the exceptional third quarter of the prior year, while loan syndication, bond underwriting, and equity underwriting fees were slightly lower because of market volatility.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Earnings and Profitability Growth
Third-quarter EPS was $1.41, up $0.11 or 8.5% sequentially and 34% year over year. ROTCE improved to 15.1% from 13.9% in the second quarter, while PPNR increased 4.5% linked quarter and approximately 19% year over year.
Read all positive updates
Company Guidance
For the fourth quarter, assuming the Fed raises its target rate by 25 basis points in December, Citizens expects net interest income to be up about 2.5% to 3%, driven by net interest margin of 3.23% to 3.26%, noninterest income to be up approximately 4% to 5%, expenses to be up about 1%, charge offs to be stable to down slightly, and year-end CET1 to be 10.6% to 10.7%, including expected share repurchases of $200 million; this would put the company on track for over 600-basis-points of positive operating leverage for the full year. Citizens projects 4Q 2027 NIM in the range of 3.30% to 3.50% and continues to see a clear path to achieving its 16% to 18% ROTCE target by the end of 27; Reimagine the Bank is expected to deliver about $100 million of annualized pretax benefit exiting 2026, $225 million by the end of 27, and at least $450 million as it exits 2028.Citizens Financial Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.47B | 11.15B | 12.35B | 12.19B | 9.07B | 6.99B |
| Gross Profit | 8.30B | 7.78B | 7.11B | 7.54B | 7.55B | 7.06B |
| EBITDA | 3.15B | 2.81B | 2.39B | 2.51B | 3.22B | 3.60B |
| Net Income | 2.13B | 1.83B | 1.51B | 1.61B | 2.07B | 2.32B |
Balance Sheet | ||||||
| Total Assets | 233.84B | 226.35B | 217.52B | 221.96B | 226.73B | 188.41B |
| Cash, Cash Equivalents and Short-Term Investments | 12.76B | 49.38B | 43.85B | 41.70B | 34.59B | 34.90B |
| Total Debt | 16.35B | 11.28B | 12.40B | 13.97B | 15.89B | 7.01B |
| Total Liabilities | 207.65B | 200.03B | 193.27B | 197.62B | 203.04B | 164.99B |
| Stockholders Equity | 26.18B | 26.32B | 24.25B | 24.34B | 23.69B | 23.42B |
Cash Flow | ||||||
| Free Cash Flow | 2.35B | 2.04B | 1.88B | 2.79B | 3.99B | 2.15B |
| Operating Cash Flow | 2.50B | 2.21B | 2.00B | 2.96B | 4.12B | 2.27B |
| Investing Cash Flow | -10.69B | -5.97B | 2.99B | 5.25B | -12.64B | -10.49B |
| Financing Cash Flow | 12.40B | 5.88B | -6.01B | -7.13B | 9.91B | 4.64B |
Citizens Financial Technical Analysis
Positive
69.83
Price Trends
66.82
Negative
68.53
Negative
65.03
Positive
Market Momentum
-0.43
Negative
51.76
Neutral
78.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CFG, the sentiment is Positive. The current price of 69.83 is above the 20-day moving average (MA) of 64.02, above the 50-day MA of 66.82, and above the 200-day MA of 65.03, indicating a neutral trend. The MACD of -0.43 indicates Negative momentum. The RSI at 51.76 is Neutral, neither overbought nor oversold. The STOCH value of 78.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CFG.
Citizens Financial Risk Analysis
Citizens Financial disclosed 36 risk factors in its most recent earnings report. Citizens Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Citizens Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $26.07B | 12.07 | 10.90% | 0.36% | -0.39% | 15.37% | |
73 Outperform | $31.74B | 12.18 | 8.19% | 3.95% | 23.86% | -14.22% | |
72 Outperform | $31.96B | 11.51 | 10.65% | 2.71% | 0.14% | 18.15% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $27.51B | 13.06 | 8.74% | 2.82% | 3.59% | 39.34% | |
66 Neutral | $24.28B | 11.05 | 12.32% | 3.84% | 0.60% | 12.74% | |
61 Neutral | $22.57B | 11.56 | 10.88% | 3.88% | 8.34% | 125.21% |
* Financial Sector Average
CFG
Citizens Financial
65.31
15.48
31.07%
FCNCA
First Citizens BancShares
2,355.51
606.87
34.71%
HBAN
Huntington Bancshares
15.71
0.75
4.99%
KEY
KeyCorp
21.15
4.25
25.18%
MTB
M&T Bank
221.31
44.95
25.49%
RF
Regions Financial
28.50
5.17
22.18%
Citizens Financial Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Citizens Financial reports strong third-quarter 2026 results
Positive
Oct 16, 2026
Citizens Financial Group, Inc. reported third-quarter 2026 net income of $636 million, up 29% year on year, and diluted EPS of $1.41, up 34% year on year and 8% sequentially. The bank delivered a ROTCE of 15.1%, positive operating leverage of 5.3%...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Citizens Financial Redeems Series G Preferred, Streamlines Capital
Positive
Oct 8, 2026
On October 6, 2026, Citizens Financial Group, Inc. redeemed all outstanding shares of its 4.000% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series G, and simultaneously filed a Certificate of Elimination in Delaware to remove the r...
Private Placements and FinancingRegulatory Filings and Compliance
Citizens Financial Issues New Series J Preferred Stock
Neutral
Jul 31, 2026
On July 21, 2026, Citizens Financial entered into an underwriting agreement with a syndicate of major securities firms for a public offering of 400,000 shares of its 6.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series J, each ...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Citizens Financial Announces New Series J Preferred Offering
Positive
Jul 21, 2026
On July 16, 2026, Citizens Financial reported second-quarter 2026 earnings showing diluted EPS of $1.30 and a return on tangible common equity of 13.9 percent, supported by 13 percent quarter-on-quarter and 24 percent year-on-year growth in pre-pr...
Business Operations and StrategyFinancial Disclosures
Citizens Financial posts strong Q2 2026 earnings growth
Positive
Jul 17, 2026
Citizens Financial Group, Inc. reported second-quarter 2026 net income of $587 million, a 35% year-on-year increase, with diluted EPS rising 41% to $1.30 and 15% sequentially, supported by 4.4% quarter-on-quarter net interest income growth and 8% ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.