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.
Citizens Financial Group delivered a second quarter that outpaced Wall Street’s revenue and adjusted profit expectations, leading to a significant positive market reaction. Management attributed the company’s performance to strong growth in net interest income, disciplined expense control, and a resumption of loan growth across consumer, private bank, and commercial segments. CEO Bruce Van Saun emphasized, “We announced strong financial results today that exceeded expectations, notwithstanding tremendous uncertainty in the macro environment.” The company also reported robust fee income, particularly from wealth management, card, and mortgage, while maintaining stable credit trends and executing $200 million in share repurchases.
While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner.
Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds.
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Thursday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
U.S. equities climbed on Thursday, with the S&P 500 briefly testing a record high 6,300 level at midday in New York, bolstered by strong earnings and upbeat retail sales data that reinforced investor risk appetite.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Thursday as we examine the latest happenings in today's session.
Regional banking company Citizens Financial Group (NYSE:CFG) reported Q2 CY2025 results exceeding the market’s revenue expectations, with sales up 4% year on year to $2.04 billion. Its GAAP profit of $0.92 per share was 4.2% above analysts’ consensus estimates.
Regional banking company Citizens Financial Group (NYSE:CFG) will be announcing earnings results this Thursday before market hours. Here’s what to look for.
When Wall Street turns bearish on a stock, it’s worth paying attention.
These calls stand out because analysts rarely issue grim ratings on companies for fear their firms will lose out in other business lines such as M&A advisory.
