Citizens Financial Group (CFG)
NYSEFinancialsBanks - RegionalSnapshot 2026-11-05
$63.83-3.14%
Close 2026-11-05 · 1-day change
NYSEFinancialsBanks - RegionalSnapshot 2026-11-05
QuarterlyIQ Insights · CFG
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -8.4% |
| Our one-year growth estimate | diamond | 10.1% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 18.5 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 230 industry peers
CFG — legal / regulatory event — Changes in Registrant’s Certifying Accountant
Dated 2026-10-30
Changes in Registrant’s Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm On October 28, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of Citizens Financial Group, Inc. (the “Company”) approved the decision to change the Company’s independent registered public accounting firm to PricewaterhouseCoopers LLP (“PwC”) and dismiss Deloitte & Touche LLP (“Deloitte”) as its independent registered public accounting firm. The dismissal w…
Why it matters: Q3 revenue rose 10% year over year, while expenses rose 4%. A reversal could weaken gains in the efficiency ratio.
Worry ifQ4 noninterest expense grows faster than total revenue year over year. The efficiency ratio rises above 60.0%.
Less concerning ifQ4 revenue grows faster than noninterest expense. The efficiency ratio stays at or below 60.0%.
Why it matters: Citizens named PwC after dismissing Deloitte. A filing that notes a dispute or a reportable issue would raise a new concern.
Worry ifA company filing reports a disagreement with Deloitte or an issue tied to the auditor change.
Less concerning ifThe company confirms no disagreements or reportable issues. The PwC change moves ahead without a new filing about concerns.
Why it matters: Wealth fees set a record in Q3, while Capital Markets fees fell from a year earlier. Higher Wealth fees would sustain fee growth despite that drop.
Supportive ifQ4 Wealth fees exceed $109 million and total noninterest income exceeds Q3's $647 million.
Worry ifQ4 Wealth fees fall below $109 million and total noninterest income falls below $647 million.
Why it matters: Private Bank deposits rose to $18.5 billion in Q3. More growth would show that the business buildout is gaining scale.
Supportive ifQ4 Private Bank spot deposits rise above $18.5 billion, with loan growth still led by the Private Bank.
Worry ifQ4 Private Bank spot deposits fall below $18.5 billion, or Private Bank-led loan growth stops.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$94 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $252 loss on $10,000 · 2.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,832 loss on $10,000 · 18.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Charge-offs stayed at 37 basis points in both Q2 and Q3. A rise could mark a turn from recent favorable credit results.
Worry ifQ4 net charge-offs rise above 37 basis points of average loans.
Less concerning ifQ4 net charge-offs stay at or below 37 basis points and nonaccrual loans stay below 0.99%.
Why it matters: NIM rose to 3.19% in Q3, helped by fixed-rate asset repricing. A further rise would extend a key source of income growth.
Supportive ifQ4 net interest margin rises above 3.19%. Net interest income also tops Q3's $1.675 billion.
Worry ifQ4 net interest margin falls below 3.19% or net interest income falls below $1.675 billion.