Citizens Financial Group earns $334M in third quarter

Citizens Financial Group earns $334M in third quarter

 

PROVIDENCE, R.I. (AP) – Citizens Financial Group Inc. (CFG) on Friday reported third-quarter earnings of $443 million.

The Providence-based company said it had profit of 91 cents per share. Earnings, adjusted for non-recurring costs, came to 93 cents per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The bank posted revenue of $1.89 billion in the period. Its adjusted revenue was $1.56 billion, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.57 billion.

Citizens Financial Group shares have declined 17 percent since the beginning of the year. The stock has decreased 6 percent in the last 12 months.

 

 

 

Published at Fri, 19 Oct 2018 12:08:05 +0000