$CFG

Citizens Financial (CFG) raised its dividend by 13%, Lockheed Martin (LMT) increased its dividend for the 24th year, and Gorman-Rupp (GRC) boosted its payout by 5.26%. All three companies cited strong Q3 results and earnings growth to support their raises. Lockheed's backlog reached a record $292B, while Citizens expanded buybacks and Gorman-Rupp reduced debt.

Citigroup maintained a 'Buy' rating for Citizens Financial Group (CFG) but lowered its price target to $74.00 from $84.00, citing changing market conditions. CFG is currently overvalued by 22.4% according to GuruFocus, with a GF Value of $52.48. Insider sales totaled $9.32 million over the past three months, and the company has a market cap of $27.06 billion.

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 Bank sued Ameriprise Financial, alleging that ex-advisor Darrell Smith violated his contract by misappropriating trade secrets and soliciting clients. Citizens claims Smith managed $194M in assets and moved $37M to Ameriprise. The firm seeks an injunction to stop Smith from contacting clients.

DA Davidson reiterated a Buy rating on Citizens Financial Group (CFG) with an $82.00 price target, citing strong growth prospects. The stock trades at $63.21 with a P/E ratio of 13.72 and a PEG ratio of 0.31. The firm expects ROE to exceed 16% by Q4 2027 and forecasts EPS growth of 37% and 23% for the next two years. CFG reported Q3 earnings of $1.41 per share, beating estimates, though revenue missed slightly at $2.32B. Raymond James also maintains a Strong Buy rating with a $77.00 target.

Goldman Sachs reduced its price target for Citizens Financial Group to $79 from $81. Citigroup also lowered its target to $74 from $84. The stock has seen an 8.47% year-to-date increase.

Regional banks like PNC Financial, U.S. Bancorp, M&T, and Citizens Financial reported strong loan growth in Q3, with PNC leading at 14.2%. Executives attribute this to resilient economic activity and AI-related investments, despite higher interest rates and global uncertainty. Regions Bank expects cybersecurity costs to increase its noninterest expenses by 1.5% to 3.5% by 2026.

Q3 earnings season shows mixed results, with early reports tracking below recent quarters. The Travelers (TRV) reported a 29.84% earnings surprise, while regional banks like Regions Financial (RF) beat estimates. Pre-market futures are mixed, with the Dow up, Nasdaq down. Import prices rose 1.1% in September, higher than expected. The New York Fed's services report showed a sharp decline. Next week, Netflix (NFLX), Tesla (TSLA), Meta (META), and others are set to report.

CITIZENS FINANCIAL GROUP INC/RI (CFG) filed an SEC Form 8-K — Results of Operations and Financial Condition. Citizens Financial Group, Inc. Reports Third Quarter 2026 Net Income of $636 million, up 29% YoY, and EPS of $1.41, up 34% YoY and 8% QoQ ROTCE of 15.1%; Dividend raised 13% Positive Operating Leverage of 5.3% YoY Key Financial Data 3Q26 2Q26 3Q25 Third Quarter 2026 Highlights In

Citizens Financial Group (CFG) reported Q3 earnings of $636M, or $1.41 per share, beating analyst estimates of $1.38 per share. Revenue was $3.27B, with net revenue of $2.32B, slightly below expectations of $2.33B.