11:55 AM EDT, 07/17/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

After reviewing Q2 FY 25 earnings, we increase our 12-month target price by $6 to $61, 11.8x our 2026 EPS estimate, above CFG's five-year forward average of 10.2x given improving credit quality and momentum in its Private Bank. We increase our 2025 EPS view by $0.03 to $3.91 and bump up 2026's by $0.04 to $5.15. CFG delivered an excellent quarter, resolving many issues from the previous period. Credit quality improved after its recent decline, and we expect net charge-offs to continue improving through the second half of 2025. Capital markets activity showed positive momentum, while the bank also enhanced its operational efficiency. CFG's Private Bank remains its strongest competitive advantage and should drive the company toward its medium-term return on tangible common equity target of 16%-18% (versus 11.0% in Q2). While Private Bank deposits remained flat this quarter, we expect growth to resume in the second half of 2025 as CFG continues attracting new customers at an accelerated pace. Shares yield 3.5%.