Benzinga | Jul 17, 2020 07:30AM EDT

Citizens Financial Group: Q2 Earnings Insights

Shares of Citizens Financial Group (NYSE:CFG) rose 4.5% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 42.71% over the past year to $0.55, which beat the estimate of $0.07.

Revenue of $1,750,000,000 higher by 7.49% from the same period last year, which beat the estimate of $1,680,000,000.

Outlook

Citizens Financial Group hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jul 17, 2020

Time: 09:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/rbs/mediaframe/39252/indexr.html

Technicals

Company's 52-week high was at $41.29

52-week low: $14.12

Price action over last quarter: Up 25.37%

Company Description

Citizens Financial Group is a retail bank holding company operating primarily in the New England, Mid-Atlantic, and Midwest regions of the United States. The bank operates through two segments: consumer and commercial banking. Citizens' strategy emphasizes differentiation through customer service. Net interest income is the largest source of the bank's net revenue. Most net interest income is derived from commercial loans, securities, home equity lines of credit, automobile loans, and residential mortgages. Some of CFG's higher-yielding products include credit cards, home equity loans, and other retail loans.