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Citizens Financial Group, Inc. (CFG) is a leading retail and commercial bank offering comprehensive financial services in the U.S. with a market cap of $16.3 billion. The Providence, Rhode Island-based company is expected to release its fiscal Q2 earnings results before the market opens on Wednesday, July 17.
Ahead of this event, analysts expect Citizens Financial to report a profit of $0.79 per share, down 14.1% from $0.92 per share in the year-ago quarter. The company has fallen short of Wall Street's bottom-line estimates in the past four quarters. It delivered a negative EPS surprise of 13.3% in the previous quarter as it earned less from customer interest payments.