Citizens Financial: An Unjustly Discounted Valuation Provides Ample Upside For Shares [Seeking Alpha]
Citizens Financial Group, Inc. (CFG)
Last citizens financial group, inc. earnings: 4/17 06:37 am
Check Earnings Report
US:NYSE Investor Relations:
investor.citizensbank.com/about-us/investor-relations.aspx
Company Research
Source: Seeking Alpha
SummaryThe future margin is more likely to expand than contract, in my view, additive to the overall profitability profile.I believe future credit problems are likely to be limited in nature.From my perspective, the current valuation is pricing in continued margin compression and future credit problem, both of which are unlikely to come to fruition.Investment ThesisHeadquartered in Providence, Rhode Island, Citizens Financial Group, Inc. (CFGPersonally, I remember when CFG was first IPO'ed into the market in 2014. I have always viewed it as a little more of a consumer name rather than an intuitional lender. Today, CFG's lending portfolio is made up of roughly 50/50 retail loans and commercial loans. While retail loans typically have a slightly higher loss rate in a recession, I believe CFG is more than adequately positioned for the current economic environment.After building out my financial model (see bottom of article), I was a little surprised to see the CFG trading for under tangi
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CFG
News
- Citizens Bank, N.A. Announces Redemption of Senior NotesBusiness Wire
- Citizens Financial Group, Inc. (NYSE: CFG) had its price target lowered by analysts at JPMorgan Chase & Co. from $36.50 to $36.00. They now have a "neutral" rating on the stock.MarketBeat
- Citizens Business Conditions Index™ Drops in Q1Business Wire
- Citizens Financial Group to Participate at the Barclays Americas Select Franchise Conference [Yahoo! Finance]Yahoo! Finance
- Citizens Financial Group to Participate at the Barclays Americas Select Franchise ConferenceBusiness Wire
CFG
Earnings
- 4/17/24 - Miss
CFG
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- CFG's page on the SEC website