What's Happening With Citizens Financial Group (CFG) Stock
Portfolio Pulse from Henry Khederian
Shares of Citizens Financial Group Inc (CFG) are trading higher by 2.10% following the Federal Reserve's stress test results. All 23 banks tested, including CFG, remained above their minimum capital requirements during a hypothetical recession. However, in a hypothetical scenario, they incurred projected losses amounting to $541 billion. CFG has a 52-week high of $44.82 and a 52-week low of $23.37.
June 29, 2023 | 2:29 pm
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Citizens Financial Group's stock is trading higher following positive stress test results. However, projected losses in a hypothetical scenario could be a concern.
The stock price of CFG is likely to rise in the short term due to the positive outcome of the Fed's stress test. However, the projected losses in a hypothetical scenario could be a concern for investors, potentially limiting the stock's gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100