Strategic Pivot | Citizens Financial Group's transformation towards private banking and capital markets activities signals a shift in focus, aiming for higher-margin services and diversified revenue streams. |
Mixed Financial Signals | Explore CFG's recent performance, balancing strong fee income against challenges in net interest income, as analysts project a complex financial landscape ahead. |
NIM Targets and Challenges | Delve into management's ambitious 2.85% Net Interest Margin goal for Q4 2024, amid headwinds from soft loan growth and swap portfolio pressures. |
Analyst Perspectives | With price targets ranging from $40 to $48, analysts weigh CFG's potential for growth against ongoing market pressures and transformation efforts. |
Citizens Financial Group, Inc. operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, corporations, and institutions in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, mortgage and home equity lending products, credit cards, business loans, wealth management, and investment services; and auto, education, and point-of-sale finance loans, as well as digital deposit products. This segment serves its customers through telephone service centers, as well as through its online and mobile platforms. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets services. This segment serves corporate banking, healthcare, technology, asset finance, franchise finance, leasing, asset-based lending, commercial real estate, mid-corporate, and private equity sponsor industries. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.
Metrics to compare | CFG | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipCFGPeersSector | |
---|---|---|---|---|
P/E Ratio | 16.0x | 8.0x | 8.7x | |
PEG Ratio | −0.43 | −0.05 | 0.03 | |
Price/Book | 0.8x | 1.0x | 1.0x | |
Price / LTM Sales | 2.6x | 2.9x | 2.7x | |
Upside (Analyst Target) | 11.8% | 11.5% | 14.1% | |
Fair Value Upside | Unlock | 2.5% | 3.3% | Unlock |