Citizens Financial Group upgraded to Strong Buy with positive growth prospects

From Financial Modeling Prep: 2024-12-18 09:03:00

Citizens Financial Group (NYSE:CFG) shares rose over 1% pre-market as Raymond James upgraded the company to Strong Buy with a $55 price target. Improving conditions across key areas of the bank’s operations signal strong potential for profitability and growth.

Pressures from received-fixed swaps are expected to diminish, boosting Citizens’ financial performance. Capital markets fees are projected to rise, driven by a favorable environment for M&A and capital raising.

The bank’s private banking segment is expected to see accelerating profitability, while credit concerns are manageable. With contracting interest rates, Citizens Financial is well-positioned for enhanced profitability and EPS growth.



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