Citizens Financial Says Outlook Q3 NII Down About 1-2% VS IBES Estimate $1.42 Billion
July 17 (Reuters) -Citizens Financial Group Inc CFG.N:
CITIZENS FINANCIAL OUTLOOK Q3 NII DOWN ABOUT 1-2% VERSUS IBES ESTIMATE $1.42 BILLION
CITIZENS FINANCIAL: EXPECT NII/NIM TO REBOUND IN 4Q24, WITH RETURN TO POSITIVE OPERATING LEVERAGE IN 4Q24
CITIZENS FINANCIAL: EXPECT MINIMAL IMPACT FROM NOTABLE ITEMS ON REPORTED RESULTS IN H2 2024
CITIZENS FINANCIAL SEES 2024 REVENUE BROADLY IN-LINE, WITH NII TRENDING TOWARDS UPPER END OF RANGE REFLECTING LOWER LOAN BALANCES, FEES LITTLE HIGHER
CITIZENS FINANCIAL: WELL POSITIONED TO DELIVER ABOUT 16 TO 18% ROTCE OVER MEDIUM-TERM GIVEN STRATEGIC INITIATIVES & 2025 TO 2027 NII TAILWINDS
CITIZENS FINANCIAL: TARGET NIM RANGE 3.25% TO 3.40% OVER MEDIUM-TERM
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