Citizens Financial Group (CFG) Tops Q2 EPS by 35c

Citizens Financial Group (NYSE: CFG) reported Q2 EPS of $1.44, $0.35 better than the analyst estimate of $1.09.

“We continued to demonstrate the strength and diversity of our business model in the second quarter, as a drop in Mortgage revenue was partially offset by record results in Capital Markets and Wealth,” said Chairman and CEO Bruce Van Saun. “We saw modest loan growth during the quarter, and expect that to accelerate in the second half as the economy continues to grow and excess liquidity is redeployed. We are executing well on our strategic initiatives and have commenced work on a TOP 7 program, with details to be announced later this year.”

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

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