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Fly News Breaks for June 19, 2019
CFG
Jun 19, 2019 | 07:47 EDT
Argus analyst Kevin Heal initiated Citizens Financial with a Hold rating, saying that while the company has generated a "solid" revenue growth rate and expanded its net interest margin in recent quarters, the stock looks "fairly valued" at 8.9-times his expected 2019 earnings amid the prospects of slower growth in its core geography. The analyst adds that given the current low interest rate environment and the potential for equity market volatility, he is concerned about the impact of a flatter yield curve on Citizens Financial shares.
News For CFG From the Last 2 Days
CFG
Apr 17, 2024 | 08:56 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here
CFG
Apr 17, 2024 | 06:20 EDT
"We are pleased to start the year with a solid first quarter, featuring a bounce back in capital markets fees, stable NIM, further improvement in our LDR, tight expense management and a strong capital and credit reserve position," said Chairman and CEO Bruce Van Saun. "We are executing well on our key strategic initiatives, including the Private Bank, NYC Metro, TOP 9 and servicing Private Capital. We remain comfortable with our full year guidance and are excited by our medium-term prospects."