Citizens Financial posts Q2 beat on strong private bank growth
Seeking Alpha ·
Citizens Financial Group ( CFG ) was trading higher after the bank reported second-quarter earnings that exceeded analyst estimates on the back of strong private bank growth. The company reported GAAP EPS of $1.30, which beats the average analyst estimate by $0.06, and revenue of $2.28B (+11.8% Y/Y), which beats
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Citizens Financial Group posted a Q2 GAAP EPS of $1.30, beating market expectations by $0.06. Revenue rose 11.8% year-over-year to $2.28 billion, demonstrating solid growth. This strong performance was driven by the robust expansion of the private banking division, drawing investor attention to potential improvements in financial sector profitability.
상승 영향
- Financials — EPS of $1.30 and revenue of $2.28 billion exceeded market estimates, showcasing strong growth in private banking. This boosts expectations for improved profitability across the financial sector, positively impacting the stock price.
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