Citizens Financial Group Inc (CFG)

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Warum fällt Citizens Financial Group Inc-Aktie (CFG)?

Wir haben während der Handelssitzung 2024-02-13 einen Rückgang der Aktie Citizens Financial Group Inc (CFG) um 5.83% festgestellt. Obwohl dies auf normale Volatilität oder verschiedene interne und externe Faktoren zurückzuführen sein kann, beachten Sie bitte, dass wir die Situation aktiv beobachten und so schnell wie möglich zeitnahe Updates bereitstellen!

2023-10-18:

Shares of Citizen Financial Group (CFG) dropped by 5.57% from $27.10 to $25.59 in the trading on Wednesday, October 18, 2023. The reason why CFG stock down is due to its disappointing Q3 earnings:

CFG reported earnings per share of 85 cents, falling short of the Zacks Consensus Estimate of 92 cents and declining from $1.23 in the same quarter the previous year. The results were adversely impacted by lower net interest income, an increase in provisions, and rising operating expenses. Non-interest income also declined in the quarter.
Net income came in at $430 million, down 32.4% from the prior-year quarter. Revenues for the quarter were $2.01 billion, missing the consensus estimate and decreasing by 7.5% year over year.
Additionally, credit quality worsened as provisions for credit losses increased, and net charge-offs jumped.