Citizens Financial Group, Inc. (CFG) Positioned to Capitalize on Structural Catalysts

Citizens Financial Group, Inc. (NYSE:CFG) is one of the 10 best banking stocks to buy according to hedge funds.

On January 23, Kevin Heal from Argus increased the firm’s price target on Citizens Financial Group, Inc. (NYSE:CFG) from $60 to $72. The analyst maintained his Buy rating on the shares, with an upside potential in the mid-teens.

Argus shared its revision following the company’s stronger-than-expected fourth-quarter results. He believes that potential benefits from regulatory easing, including deregulation, relaxed capital requirements, and improved stress test clarity, could support the bank. Moreover, he also noted that the bank continues to deliver solid performance in the New York metropolitan area.

On January 26, Keith Horowitz from Citi reiterated his Buy rating on Citizens Financial Group, Inc. (NYSE:CFG). The analyst also increased the price target from $65 to $71. The upward revision follows the fourth-quarter earnings report, in which net interest income guidance of 10%–12% growth surpassed street estimates. This favorable outlook is aided by accelerating deposit growth within the company.

Citizens Financial Group, Inc. (NYSE:CFG) operates through two broader segments, i.e., consumer banking and commercial banking. Through these, it offers various banking solutions such as retail banking, wealth management, corporate finance advisory, and mortgage lending. It caters to the needs of individuals, small- and mid-market businesses, and large institutions.

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