Citizens Financial Group: Q4 Earnings Snapshot
PROVIDENCE, R.I. (AP) _ Citizens Financial Group Inc. (CFG) on Wednesday reported fourth-quarter net income of $530 million.
The Providence, Rhode Island-based company said it had net income of $1.17 per share. Earnings, adjusted for non-recurring costs, were $1.26 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The bank posted revenue of $1.8 billion in the period. Its adjusted revenue was $1.72 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.66 billion.
For the year, the company reported profit of $2.32 billion, or $5.16 per share. Revenue was reported as $6.65 billion.
Citizens Financial Group shares have climbed 18% since the beginning of the year. The stock has risen 37% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFG at https://www.zacks.com/ap/CFG