Business

Citizens Financial Group: 3Q Earnings Snapshot


PROVIDENCE, R.I. (AP) _ Citizens Financial Group Inc. (CFG) on Friday reported third-quarter net income of $314 million.


The Providence, Rhode Island-based company said it had profit of 68 cents per share.


The results fell short of Wall Street expectations.


The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.


Its adjusted revenue was $1.79 billion, exceeding Street forecasts.


Citizens Financial Group shares have fallen 31% since the beginning of the year.






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