Citizens Financial Group, Inc. CFG

Zacks Investment Research 26 oct

Citigroup raised its 2026 return on tangible common equity (RoTCE) outlook to above 11% from 10-11%, driven by strong Q3 results with 11.5% RoTCE. Services and Wealth revenues grew 15% each, while the efficiency ratio improved to 58.5%. The company targets 11-13% RoTCE for 2027-2028 and 14-15% medium-term, supported by ongoing restructuring and operational improvements.

The Motley Fool 18 oct

Citizens Financial reported record Q3 2026 quarterly revenues of $2.3 billion driven by net interest margin expansion. The bank expects ROTCE to reach its 16-18% target by late 2027, supported by expanding margins, private bank deposit growth to $18.5 billion, and accelerated cost savings from its Reimagine the Bank program. Management authorized an additional $1.3 billion in share repurchases, bringing total authorization to $1.95 billion.

Zacks Investment Research 16 oct

Citizens Financial Group reported Q3 2026 EPS of $1.41, beating estimates of $1.38, with a 34% year-over-year increase. The company benefited from 13% NII growth to $1.68 billion and a 19 basis point NIM expansion to 3.19%. CFG raised its dividend by 13% to 52 cents and expanded share repurchase authorization to $1.95 billion. However, elevated expenses and a weaker capital position remain headwinds.

Zacks Investment Research 16 oct

Q3 earnings season shows mixed results with early reports tracking modestly below recent quarters. Import prices hit their highest rate since May at +1.1%, signaling persistent inflation concerns. The New York Fed's October Services report plummeted to -20.7, marking the sharpest decline since March. Key earnings this week included Travelers beating expectations with a +29.84% earnings surprise, while regional banks showed modest beats. Major tech and consumer companies including Netflix, Tesla, Meta, and General Motors are set to report next week.

Zacks Investment Research 16 oct

Q3 earnings season shows mixed results with early reports tracking modestly below recent quarters. Import prices rose higher than expected in September (+1.1% vs +0.8% expected), marking the highest rate since May. The NY Fed's October Services report came in significantly below expectations at -20.7 vs -4.1 expected, hitting its lowest level since March. Among earnings reports, Travelers beat estimates by 29.84%, while regional banks Regions Financial, Citizens Financial Group, and M&T Bank also beat earnings expectations. Major tech earnings from Netflix, Tesla, Meta, and others are expected next week.