Craig Read's recent sale of Citizens Financial Group shares, even below the current price of US$34.24, implies a lower price was deemed reasonable. Despite high insider ownership, the selling suggests a cautious outlook for the company.
Shorted$Citizens Financial(CFG.US)$and feeling the squeeze. It has gone down twice when I could have taken profit. Will it drop to $30 tonight, or will it continue to squeeze higher? where is the sympathetic drop with$纽约社区银行(NYCB.US)$that’s supposed to be happening? All I’m seeing is$Citizens Financial(CFG.US)$up and up
Horowitz opines that market's overreaction to credit concerns is exaggerated. He sees potential for Citizens Financial Group to benefit from current interest rates. He maintains a buy rating on M&T Bank, expecting management to regain trust in their credit portfolio. He suggests investors to seize the opportunity created by recent price action.
Horowitz suggests the market's recent price action offers attractive entry points. He also expects CFG's increased reserves for office space and current interest rates to positively impact the stock.
CEO Bruce Van Saun expressed satisfaction with the company's Q4 performance, highlighting a strong balance sheet, controlled expenses, and strategic initiatives that position the company well for medium-term growth and enhanced returns.