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Investing.com - TD Cowen raised its price target on Citizens Financial Group (NYSE:CFG) to $75.00 from $67.00 on Thursday, while maintaining a Buy rating on the stock. The new target represents significant upside potential from the current price of $51.70, with InvestingPro analysis suggesting the stock remains undervalued.
The financial services company reported third-quarter 2025 core earnings per share of $1.05, exceeding TD Cowen’s estimate of $1.02 and the Street consensus of $1.03.
According to TD Cowen, the earnings beat was primarily driven by robust fee income growth, with particular strength noted in capital markets activities.
The firm also highlighted continued progress in Citizens Financial Group’s private banking division and steady net interest margin expansion as contributing factors to the solid quarterly performance.
TD Cowen identified Citizens Financial Group as its "top pick" in the sector, noting the stock offers approximately 50% upside potential, with additional efficiency gains potentially coming from artificial intelligence initiatives. This optimism is supported by the stock’s strong momentum, having gained nearly 49% over the past six months.
In other recent news, Citizens Financial Group announced its third-quarter earnings for 2025, surpassing analysts’ expectations. The company reported an earnings per share (EPS) of $1.05, slightly above the forecast of $1.03. Additionally, Citizens Financial Group exceeded revenue projections, posting $2.12 billion compared to the anticipated $2.10 billion. These financial results were met with positive sentiment from investors. While the earnings call highlighted these achievements, it also underscored the company’s ability to perform above market predictions. Analysts from various firms have noted these developments, contributing to a broader understanding of the company’s financial health. This performance is part of a series of recent developments for Citizens Financial Group.
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