FMP

FMP

Citizens Financial Group Is Well Positioned For 2022

Analysts at Wedbush provided their views on Citizens Financial Group, Inc. (NYSE:CFG), stating they believe the company is better positioned to generate positive operating leverage in 2022 in comparison to most of its peers.

Between the acquisition of HSBC's 80 East Coast branches and national digital deposit franchise closing in Q1 (expected to add around 800,000 new consumers) and Investors Bancorp acquisition expected to close in Q2/22 (expected to add around 200,000 customers), the company will set the stage for substantial cross-sell revenues opportunities to a customer base that has essentially been underserved.

The company is expanding into new higher growth contiguous markets, which should lead to improved household growth and better customer retention.