Fed's rate cut revives small business optimism and plans to borrow [Yahoo! Finance Canada]
Citizens Financial Group, Inc. (CFG)
Last citizens financial group, inc. earnings: 4/17 06:37 am
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investor.citizensbank.com/about-us/investor-relations.aspx
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Source: Yahoo! Finance Canada
“We'd put together bids, call clients, and they were like, 'well, we're going to think about it,'" said Brown, whose typical customer owns luxury property in the California resort area. "Most of our clientele are not the kind of people that ‘think about it.'" As the months ticked by, he got increasingly nervous about the spending pullback, which left him with a thin cash cushion going into the winter off-season and a smaller-than-usual book of business for next summer. He is cutting bonuses and considering laying off one of his six full-time staff. Then in September, the Federal Reserve eased policy and signaled borrowing costs were heading lower. "That really allowed me to exhale a little bit," Brown said. He now expects that cheaper borrowing costs will let him refinance a clutch of loans that currently cost him $20,000 a month, and use the extra cash flow to build out a shop on one of his commercial yards. By springtime, he hopes, lower interest rates and the uncertainty
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News
- Citizens Financial Group, Inc. (NYSE: CFG) had its price target raised by analysts at Citigroup Inc. from $50.00 to $58.00. They now have a "buy" rating on the stock.MarketBeat
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- Citizens Announces Key Leadership Appointments for Consumer Banking TeamBusiness Wire
CFG
Earnings
- 10/16/24 - Miss
CFG
Sec Filings
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- 11/15/24 - Form 4
- CFG's page on the SEC website