Citizens Financial Analysts Raise Their Forecasts After Better-Than-Expected Q1 Earnings

Benzinga04-18

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:

Photo via Shutterstock

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The company reported quarterly sales of $2.168 billion which beat the analyst consensus estimate of $2.163 billion.</p>\n<p>“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.”</p>\n<p>Citizens Financial shares rose 1.5% to trade at $65.35 on Friday.</p>\n<p>These analysts made changes to their price targets on Citizens Financial following earnings announcement.</p>\n<ul>\n<li>Keefe, Bruyette &amp; Woods analyst Christopher McGratty maintained Citizens Financial with an Outperform rating and raised the price target from $70 to $72.</li>\n<li>Truist Securities analyst Brian Foran maintained the stock with a Hold and raised the price target from $63 to $69.</li>\n<li>RBC Capital analyst Gerard Cassidy maintained Citizens Financial with an Outperform rating and raised the price target from $67 to $70.</li>\n</ul>\n<p><strong>Considering buying CFG stock? 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The company reported quarterly sales of $2.168 billion which beat the analyst consensus estimate of $2.163 billion.</p>\n<p>“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.”</p>\n<p>Citizens Financial shares rose 1.5% to trade at $65.35 on Friday.</p>\n<p>These analysts made changes to their price targets on Citizens Financial following earnings announcement.</p>\n<ul>\n<li>Keefe, Bruyette &amp; Woods analyst Christopher McGratty maintained Citizens Financial with an Outperform rating and raised the price target from $70 to $72.</li>\n<li>Truist Securities analyst Brian Foran maintained the stock with a Hold and raised the price target from $63 to $69.</li>\n<li>RBC Capital analyst Gerard Cassidy maintained Citizens Financial with an Outperform rating and raised the price target from $67 to $70.</li>\n</ul>\n<p><strong>Considering buying CFG stock? Here’s what analysts think:</strong> </p>\n<figure><img decoding=\"async\" height=\"472\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/17121639/image-372-1024x472.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/17121639/image-372-1024x472.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/17121639/image-372-300x138.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/17121639/image-372-768x354.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2026/04/17121639/image-372.png 1247w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0106831901.USD","symbol_name":"贝莱德世界金融基金A2","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/04/51890936/citizens-financial-analysts-raise-their-forecasts-after-better-than-expected-q1-earnings","article_id":"2628783318","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628783318","pubTimestamp":1776442844,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Citizens Financial Group (CFG) reported better-than-expected earnings for Q1, with EPS of $1.13 and sales of $2.168B. 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The company reported quarterly sales of $2.168 billion which beat the analyst consensus estimate of $2.163 billion.\n“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.”\nCitizens Financial shares rose 1.5% to trade at $65.35 on Friday.\nThese analysts made changes to their price targets on Citizens Financial following earnings announcement.\n\nKeefe, Bruyette & Woods analyst Christopher McGratty maintained Citizens Financial with an Outperform rating and raised the price target from $70 to $72.\nTruist Securities analyst Brian Foran maintained the stock with a Hold and raised the price target from $63 to $69.\nRBC Capital analyst Gerard Cassidy maintained Citizens Financial with an Outperform rating and raised the price target from $67 to $70.\n\nConsidering buying CFG stock? 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