CFG

Citizens Financial Group reported Q3 2026 EPS of $1.41, beating estimates of $1.38, with a 34% year-over-year increase. The company benefited from 13% NII growth to $1.68 billion and a 19 basis point NIM expansion to 3.19%.

CFG raised its dividend by 13% to 52 cents and expanded share repurchase authorization to $1.95 billion. However, elevated expenses and a weaker capital position remain headwinds.

Q3 earnings season shows mixed results with early reports tracking modestly below recent quarters. Import prices rose higher than expected in September (+1.1% vs +0.8% expected), marking the highest rate since May.

The NY Fed's October Services report came in significantly below expectations at -20.7 vs -4.1 expected, hitting its lowest level since March. Among earnings reports, Travelers beat estimates by 29.84%, while regional banks Regions Financial, Citizens Financial Group, and M&T Bank also beat earnings expectations. Major tech earnings from Netflix, Tesla, Meta, and others are expected next week.

Citizens Financial Group reported Q3 2026 earnings of $1.41 per share, beating consensus estimates of $1.38, with a 2.17% earnings surprise. However, revenues of $2.32 billion slightly missed expectations.

The stock has gained 8.6% year-to-date, underperforming the S&P 500's 13.1% gain. The company received a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the market.