Citizens Financial Group (CFG) Tops Q3 EPS by 4c

Citizens Financial Group (NYSE: CFG) reported Q3 EPS of $0.68, $0.04 better than the analyst estimate of $0.64.

Return on Average Tangible Common Equity (“ROTCE”) of 10.1% in third quarter 2017 compares with 9.6% in second quarter 2017 and 8.6% in third quarter 2016, or 8.0% on an Adjusted basis.*

“We are pleased to report another quarter of strong results highlighted by ROTCE reaching 10%, the medium-term target we set during our IPO,” said Chairman and Chief Executive Officer Bruce Van Saun. “Our leadership team has demonstrated a consistent ability to execute well through varying market conditions, delivering improved shareholder returns as we continue to run the bank better. Our commitment to continuous improvement and investing for growth has regularly delivered positive operating leverage. We will continue to focus on being a trusted advisor to our customers and delivering a differentiated customer experience, the key to building and sustaining long-term franchise value.”

For earnings history and earnings-related data on Citizens Financial Group (CFG) click here.

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