Cantor Fitzgerald analyst Dave Rochester initiated coverage of 16 U.S. banks with a “constructive view” and 11 Overweight ratings, naming Citizens Financial (CFG) as its top pick among the group. The firm cites a macro backdrop it views as constructive of further upside and relative outperformance, deregulation that it views as offering “tangible support” for banking fundamentals, sentiment and M&A and expectations for “solid” loan growth in the second half after a slower start to the first half of the year.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CFG:
- Citizens Financial initiated with an Overweight at Cantor Fitzgerald
- Citizens Financial CEO sees NII growing ‘nicely’ through 2027
- Citizens Financial sees less uncertainty now vs. beginning of year
- Citizens Financial CEO says ‘high bar’ to do M&A
- Citizens Financial CEO ‘quite positive’ about credit, ‘no real flash points’