01:25 PM EDT, 07/15/2025 (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:

We raise our target price by $17 to $110, applying a wider risk premium and a forward P/E of 11.5x our 2026 earnings estimate, in line with the five-year historic normalized average at 11.5x. We move to new ground on price to NTBV at a premium of 1.2x the NTBV at $94.16 per share. In the past decade, the bank's share price has occasionally traded at deep discounts to the NTBV given underperformance to peers. Today, we believe management is executing on its strategy and has streamlined its business. As such, the valuation deserves to be with peers at a premium to the P/NTBV ratio. Following strong Q2 results, we increase our EPS estimates for 2025 by $0.20 to $7.75 and for 2026 by $0.60 to $9.60. In the Federal Reserve's June stress test results, C had a projected minimum CET1 ratio of 10.8% and a supplementary leverage ratio of 4.5%. Following the results, the board of directors authorized a quarterly dividend increase of 7.1% to $0.60 per share.