Regional bank stocks are volatile due to NYCB's disappointing results and concerns about the sector's challenges, particularly in commercial real estate.
Citizens Financial Group reported a 10% YoY revenue dip in Q4 FY23, totaling $1.99B, missing analyst estimates. Despite a 38% YoY drop in adjusted net income to $426M, the CEO remains optimistic about strategic initiatives. CFG's decision to halt share repurchases in Q4 and an expected 6%-9% YoY decline in net interest income for FY24 draw attention.
Companies Reporting Before The Bell
• Charles Schwab (NYSE:SCHW) is likely to report quarterly earnings at $0.64 per share on revenue of $4.48 billion.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.