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Citizens CEO: Consumers Cautious but Still Spending; No Fed Rate Hike Expected
CEO Bruce Van Saun says consumers absorb higher energy costs and are spending cautiously; he sees a strong US economy and doesn’t expect the Fed to raise rates soon.
Editorial companion
What stands out
Citizens CEO Bruce Van Saun says the U.S. economy is strong and consumers are still spending, though cautious, and that customers have absorbed higher energy costs — plus he doesn’t expect the Fed to raise rates soon. That management tone is the immediate fundamental signal for CFG; Bullish Gator currently rates the name Neutral.
Bullish Gator Snapshot
Current ratings and signals
Citizens Financial Group (CFG)
Neutral
CFG rates Neutral overall. The fundamental read is neutral: the company passes 7 of 9 quality tests on the Piotroski F-Score; revenue is growing about 1.0% per year; net income is declining about 2.4% per year. The technical picture is neutral: price is 0.2% above the 200-day moving average; 3.0% below the 50-day; the 50/200 relationship is in a Golden cross. Sentiment is neutral (composite 58/100), based on 6 news articles from recent coverage.