FX.co ★ Citizens Financial Group, Inc. Q3 Profit Drops, Misses Estimates

Citizens Financial Group, Inc. (CFG) has announced its third-quarter earnings, reporting a decline compared to the same timeframe last year and falling short of Wall Street expectations. The net income for the company amounted to $344 million, or $0.77 per share, down from $400 million, or $0.85 per share, in the third quarter of the previous year. This performance also missed the anticipated earnings of $0.79 per share, as projected by analysts in a Thomson Reuters survey. It is important to note that these estimates generally exclude any special items.

The firm's total revenue for the quarter experienced a decline of 5.6%, reducing to $1.901 billion from $2.014 billion recorded in the same quarter last year.

Summary of Citizens Financial Group, Inc.'s earnings (GAAP) for the third quarter:

- Net Income: $344 million, compared to $400 million last year.

- Earnings Per Share (EPS): $0.77, compared to $0.85 last year.

- Revenue: $1.901 billion, compared to $2.014 billion last year.