Citizens Financial Group, Inc. Profit Rises In Q4, but misses estimates

(RTTNews) - Citizens Financial Group, Inc. (CFG) reported earnings for its fourth quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $621 million, or $1.25 per share. This compares with $498 million, or $1.17 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $1.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 27.9% to $2.20 billion from $1.72 billion last year.

Citizens Financial Group, Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $621 Mln. vs. $498 Mln. last year. -EPS (Q4): $1.25 vs. $1.17 last year. -Analyst Estimate: $1.31 -Revenue (Q4): $2.20 Bln vs. $1.72 Bln last year.