Updated
Updated · CNBC · Jun 25
Josh Brown Backs Citizens Financial as CFG Targets 35% EPS Growth
Updated
Updated · CNBC · Jun 25

Josh Brown Backs Citizens Financial as CFG Targets 35% EPS Growth

1 articles · Updated · CNBC · Jun 25

Summary

  • Citizens Financial is Brown’s latest stock pick, with CFG up 21% year to date and six months after his earlier bullish call the case has, he said, become clearer.
  • 35% expected EPS growth this year leads S&P 500 regional banks, after Citizens posted 47% year-over-year EPS growth in Q1 2026, record capital-markets fees and its best quarterly net income on record.
  • 21% gains in CFG have outpaced the S&P 500’s 8% return and the financial sector’s 1% decline, while Brown argues a broader rally in regional banks signals healthy consumer borrowing, small-business demand and contained credit losses.
  • 2026 guidance calls for 6% to 8% fee-income growth and 500 basis points of positive operating leverage, with an AI-driven efficiency plan targeting $450 million in pretax cost cuts by 2028.
  • At $69, CFG is pressing against $70 resistance after rebounding from the $57 area; Brown cited roughly $64 at the 50-day moving average as a key risk level for traders.

Insights

With small business credit tightening, can Citizens Financial's impressive growth truly last?
Is today's regional bank boom, fueled by deregulation, setting the stage for another financial crisis?