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Citizens Financial Group (NYSE:CFG) reported better-than-expected earnings for the third quarter.
Net interest margin is projected to be in the range of 3.23% to 3.26% in the fourth quarter. Private bank deposits reached $18.5 billion at the end of Q3.
I track dividend announcements across 1,200+ stocks. This week, I'm highlighting 12 dividend increases and 2 specials. LECO stands out with a 10.13% dividend increase, the highest Quality Score (8.54), and a 30-year streak, though it trades at fair value. IBKR posted a 71.43% dividend hike and leads in Dividend Safety (9.2), but offers a low 0.73% forward yield and weak financial strength.
Citizens Financial Group preferred Series E is upgraded to buy due to its ~7.25% yield and significant discount to par, mitigating call risk. CFG.PR.I and CFG.PR.H are both rated hold; Series I's yield is not compelling given its moderate duration exposure, while Series H lacks both standalone and relative appeal. CFG's strong CET1 ratio (~10.5%) and robust preferred dividend coverage reinforce the credit quality of its preferred shares.
Citizens Financial Group (NYSE: CFG) reported record revenue and higher profitability for the third quarter of 2026, supported by net interest income growth, continued margin expansion and expense discipline. The company also raised its quarterly dividend, expanded its share-repurchase authorization and projected further earnings momentum in the fourth quarter. Chairman and CEO Bruce Van Saun said
Citizens Financial stock gains nearly 1% in early trading as Q3 earnings beat estimates on higher NII and improved credit quality, while its dividend rose 13%.
Citizens Financial Group, Inc. (CFG) Q3 2026 Earnings Call Transcript