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
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed