Is Citizens Financial Group (CFG) the Best Bank Stock to Invest in for the Long Term? [Yahoo! Finance]
Citizens Financial Group, Inc. (CFG)
Last citizens financial group, inc. earnings: 4/17 06:37 am
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US:NYSE Investor Relations:
investor.citizensbank.com/about-us/investor-relations.aspx
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Source: Yahoo! Finance
Financial Group, Inc. (NYSE:CFG) stands against other best bank stocks to invest in for the long term. Following the 2024 US presidential election, the banking industry has generated quite a lot of returns on the stock market. Bank stocks are dependent on interest rates, the lending environment, and the costs they incur. While higher rates mean that banks can increase their spread and boost interest earnings, if the rates remain high for too long, then the demand for capital dries up in the industry which affects the amount of money they can lend. Additionally, higher rates also mean that for some banks, particularly those geared towards consumers, interest expenses also jump since they have to pay out hefty amounts to account holders. The high interest costs experienced by these banks don't mean that those focused on investment banking are spared the ire of high rates. Investment banks suffer from reduced market activity during periods of high interest rates since most investors
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CFG
News
- Citizens Financial Group Announces Prime Rate ChangeBusiness Wire
- Citizens Financial Group, Inc. (NYSE: CFG) was upgraded by analysts at Raymond James from a "market perform" rating to a "strong-buy" rating. They now have a $55.00 price target on the stock.MarketBeat
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CFG
Earnings
- 10/16/24 - Miss
CFG
Sec Filings
- 12/10/24 - Form 8-K
- 12/2/24 - Form 4
- 11/15/24 - Form 4
- CFG's page on the SEC website