Financial services company Citizens Financial Group, Inc. (NYSE: CFG) on Wednesday reported earnings for the second quarter of 2024.
- Second-quarter underlying net income decreased to $408 million from $531 million in the year-ago quarter
- On a per-share basis, underlying earnings were $0.82 in Q2, compared to $1.04 in the same period of 2023
- Net income attributable to shareholders was $357 million in the June quarter, vs. $444 million a year earlier
- The bottom line was negatively impacted by a 6% decrease in revenues to $1.96 billion
- Citizens declared a quarterly dividend of $0.42 per share, payable on August 14 to shareholders of record on July 31, 2024
- Net interest income decreased 11% year-over-year to $1.41 billion during the three months
- Total non-interest income was $553 million in Q2, compared to $506 million last year
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
KB Home’s Q3 results expected to benefit from built-to-order model, stable demand
KB Home (NYSE: KBH) has been resilient to challenges like high mortgage rates and the inflation-induced strain on family budgets, while benefitting from the recovery in the housing market. When
Signet Jewelers (SIG) reports lower Q2 2025 sales and adj. profit
Signet Jewelers Limited (NYSE: SIG) has reported a decline in net sales and adjusted earnings for the second quarter of 2025. Same-store sales declined 3.4% during the three months. Net
Adobe reports higher Q3 revenue and earnings; results beat estimates
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in third-quarter 2024 revenue and earnings. The results also topped expectations. Third-quarter revenues came in at $5.41 billion,
