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Why Citizens Financial Group (CFG) Could Be Positioned for a Surge

Why Citizens Financial Group (CFG) Could Be Positioned for a Surge

Citizens Financial Group, Inc. CFG is a financial institution that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CFG’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Citizens Financial Group could be a solid choice for investors.

Current Quarter Estimates for CFG

In the past 30 days, seven estimates have gone higher for Citizens Financial Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 59 cents a share 30 days ago, to 69 cents today, a move of 16.9%.

Current Year Estimates for CFG

Meanwhile, Citizens Financial Group’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $1.68 per share 30 days ago to $1.90 per share today, an increase of 13.1%.

Citizens Financial Group, Inc. Price and Consensus

Citizens Financial Group, Inc. Price and Consensus

Citizens Financial Group, Inc. price-consensus-chart | Citizens Financial Group, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 4.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Goldman Sachs’ chief economist says Asia is ‘best positioned’ to stage an economic recovery from COVID-19

Goldman Sachs’ chief economist says Asia is ‘best positioned’ to stage an economic recovery from COVID-19

Goldman Sachs


  • Goldman Sachs’ chief Asia economist Andrew Tilton told CNBC’s “Street Signs Asia” he is “reasonably upbeat” on the economic recovery going into 2021. 
  • He said: “We think Asia’s really the best positioned of the major regions right now, just given the good control of the virus in most of the regions outside of India and some parts of Southeast Asia.”
  • He said purchasing managers indices were better in September, suggesting momentum in the industrial sector remained strong. 
  • He said a fiscal deal in the US between Republicans Democrats would bolster growth in Asia.
  • A blue wave scenario where a Democratic president takes control of both the House and Senate would bolster growth but may also “pull forward” the timing of the next Fed rate hike,” he said. 
  • Visit Business Insider’s homepage for more stories.

Asia is far better “positioned” to stage an economic recovery from the pandemic, Goldman Sachs’ chief Asia economist Andrew Tilton told CNBC’s “Street Signs Asia” Monday. 

Tilton said he is seeing “reasonable global momentum” going in the fourth quarter. 

“We think Asia’s really the best positioned of the major regions right now, just given the good control of the virus in most of the regions outside of India and some parts of Southeast Asia,” Tilton said. 

“We just had a round of purchasing managers indices which were almost all better month-on-month, suggesting that industrial sector momentum remains pretty good,” he added. 

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China’s huge manufacturing sector continued to recover in September, affirming the world’s second largest economy is recovering from the pandemic. 

Tilton

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