Citizens Financial Group (NYSE:CFG) reported better-than-expected earnings for the first quarter on Thursday.
The company posted quarterly earnings of $1.13 per share which beat the analyst consensus estimate of $1.09 per share. The company reported quarterly sales of $2.168 billion which beat the analyst consensus estimate of $2.163 billion.
“We are pleased to get off to a strong start in 2026 notwithstanding heightened geopolitical tensions and uncertainty in the macro environment,” said Chairman and CEO Bruce Van Saun. “Our financial results in a seasonally soft quarter were good, with year-over-year EPS growth of 47%, positive operating leverage of 7%, NIM expansion of 7 bps sequentially and 24 bps versus a year ago, and a robust balance sheet position. Credit is trending favorably, the Private Bank continues to grow nicely, and Reimagine the Bank is off to a great start. We continue to be well-positioned to deliver a strong year and reach our medium-term targets.”
Citizens Financial shares rose 1.5% to trade at $65.35 on Friday.
These analysts made changes to their price targets on Citizens Financial following earnings announcement.
- Keefe, Bruyette & Woods analyst Christopher McGratty maintained Citizens Financial with an Outperform rating and raised the price target from $70 to $72.
- Truist Securities analyst Brian Foran maintained the stock with a Hold and raised the price target from $63 to $69.
- RBC Capital analyst Gerard Cassidy maintained Citizens Financial with an Outperform rating and raised the price target from $67 to $70.
Considering buying CFG stock? Here’s what analysts think:
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