A number of stocks fell in the afternoon session after disclosures from two lenders raised concerns about deteriorating loan quality across the industry.
Regional banking company Citizens Financial Group (NYSE:CFG) reported Q3 CY2025 results exceeding the market’s revenue expectations, with sales up 11.4% year on year to $2.12 billion. Its GAAP profit of $1.05 per share was 2.2% above analysts’ consensus estimates.
Wall Street rose on Wednesday, with investor optimism lifted by strong bank and corporate earnings alongside growing expectations for further Federal Reserve rate cuts — keeping trade concerns sidelined for now.
Let's have a look at what is happening on the US markets before the opening bell on Wednesday. Below you can find the top S&P500 gainers and losers in today's pre-market session.
Regional banking company Citizens Financial Group (NYSE:CFG) beat Wall Street’s revenue expectations in Q3 CY2025, with sales up 11.4% year on year to $2.12 billion. Its GAAP profit of $1.05 per share was 2.3% above analysts’ consensus estimates.
A number of stocks fell in the afternoon session after investors reacted to escalating trade tensions between the US and China following President Trump's announcement of a potential 'massive increase' in tariffs on Chinese imports.
Citizens Financial Group (CFG) is a top technical breakout candidate with strong momentum, trading near highs and showing a positive consolidation pattern.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how regional banks stocks fared in Q2, starting with Citizens Financial Group (NYSE:CFG).
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Citizens Financial Group trades at $48.46 and has moved in lockstep with the market. Its shares have returned 9.2% over the last six months while the S&P 500 has gained 6.4%.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
