Citizens Financial Group (NYSE:CFG) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.73b (down 6.1% from 3Q 2023).

• Net income: US$382.0m (down 4.5% from 3Q 2023).

• Profit margin: 22% (in line with 3Q 2023).

• EPS: US$0.84 (down from US$0.85 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Citizens Financial Group Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 2.0% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Citizens Financial Group you should know about.

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