Citizens Financial Group (CFG) Tops Q2 EPS by 3c, Revenues Miss

Citizens Financial Group (NYSE: CFG) reported Q2 EPS of $0.88, $0.03 better than the analyst estimate of $0.85. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.55 billion.

“We are pleased to report another quarter of strong earnings growth and meaningful improvement in return on tangible common equity,” said Chairman and Chief Executive Officer Bruce Van Saun. “We continue to execute well, with strong balance sheet management and smart investments in fee-based product capabilities, as well as in technology applications, digital channels and data. We are well-positioned to continue our momentum in the second half, as we work hard towards building a great bank that delivers well for its stakeholders.”

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

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