Citizens Financial ‘broadly reaffirms’ FY25 guidance

Says: “If the current macro challenges persist, there could be select risks to the outlook. Persistent market volatility could affect business activity and impact performance in Capital Markets. Anticipated loan growth in 2H25 may moderate if uncertainty is prolonged. Increased risk of recession could lead to higher provision; however, assumptions used in building our reserve are conservative. We have potential offsets to these risks should they arise. Lower loan growth could facilitate additional share repurchases and lower deposit costs. Managing down expenses and seeking further streamlining of operations/cost transformation.”