Goldman Sachs Adjusts Price Target on Citizens Financial to $79 From $81

Stephens reduced its price target for Citizens Financial Group (CFG) to $65 from $70, citing mixed Q3 earnings. EPS beat expectations due to lower credit costs and expenses, but revenue missed. The firm adjusted its EPS estimates and expects ROE to reach 16-18% by mid-2027. CFG's stock trades at a P/E of 12.45 and a PEG of 0.31. Analysts note deposit growth concerns and competitive pressures.

Citizens Financial Group (CFG) reported Q3 2026 earnings with record revenues, 34% year-over-year EPS growth, and improved ROTCE. Net interest income rose 2.7% sequentially, and the company expects further margin expansion. Private Bank deposits and loans grew, while fee income declined 1% due to market conditions. The board approved a 13% dividend increase and expanded share repurchases.

Citizens Financial Group (CFG) shares fell 5.41% in pre-market trading after Q3 revenue missed expectations at $2.32B, despite an earnings beat of $1.41 per share. Net interest income rose 13% to $1.68B, and the company increased its dividend by 13%. Analysts had expected higher revenue and adjusted price targets downward.

Citizens Financial Group (CFG) reported Q3 2026 earnings with EPS of $1.41, up 8.5% from Q2. The company increased its share repurchase program to $1.95B. Net interest income rose 2.7% linked quarter, while fee income was down 1% linked quarter but up 3% year over year. The company maintained strong capital levels and returned $322M to shareholders. Management expressed confidence in the outlook for Q4 and 2027, despite macroeconomic uncertainty.

Citizens Financial Group (CFG) expects Q4 net interest income to rise 2.5%-3% with a 25bps Fed rate hike. Q4 net interest margin projected at 3.23%-3.26%. Noninterest income up 3% YoY, M&A fees rose, mortgage fees declined. Loans slightly up, deposits stable. Credit metrics favorable, CET1 ratio 10.5%. Dividend increased 13% to $0.52/share, buyback capacity expanded to $1.95B. Private bank growth continues, efficiency targets reaffirmed.

Citizens Financial Group reported record Q3 2026 revenue, 5.3% YoY operating leverage, and $2B in Private Bank loans. Management reiterated a 16-18% ROTCE target by 2027, expects NIM expansion to 3.23-3.26%, and plans $100M in pretax benefits from 'Reimagine the Bank' by year-end. Q4 guidance assumes a Fed rate hike, with strong deposit growth and continued share repurchases.