Citizens Financial Group Inc . (NYSE:CFG) continued its upward trajectory on Friday, marking a second day of gains as its stock rose by 5.10% to $26.17 amidst a thriving market. This rise in the company's share price outpaced competitors such as Wells Fargo (NYSE:WFC), Citigroup, and UBS Group, which posted gains of 2.74%, 3.53%, and 0.70% respectively.
Despite the recent growth, Citizens Financial Group's stock still closed $18.65 below its yearly high recorded on February 3rd, 2023. The company's trading volume also saw a significant increase, peaking at an impressive 8.2 million shares, which notably surpasses its standard 50-day average volume.
InvestingPro Insights
The upward trajectory of Citizens Financial Group Inc. is backed by a few important metrics and strategic moves. According to InvestingPro, the company has been aggressively buying back shares, a move that often boosts investor confidence. Additionally, Citizens Financial Group has maintained dividend payments for 10 consecutive years, which is a clear sign of financial stability.
In terms of data, the company currently has a market cap of $12.2B USD and a low P/E ratio of 6.48, indicating it could be undervalued. Its P/E ratio for the last twelve months as of Q3 2023 is even lower at 5.63. Furthermore, the company has seen a significant return over the last week with a total price return of 16.52%.
For those interested in more in-depth insights, InvestingPro provides additional tips and data on Citizens Financial Group Inc. and numerous other companies.
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