Citizens Financial Group

Halal Rating :
Uncomfortable
Last Price $47.9
Market Cap $21.12b
1D Change

-0.21 %

1 Year Change

39.63 %

Next Earnings Date

Yet to be announced

Company Overview

Citizens Financial Group, Inc. operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers deposit products, credit cards, business loans, wealth management, and investment services. The Commercial Banking segment provides various financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, and interest rate and commodity risk management solutions.

Revenue Sources

Fail

As a traditional bank, Citizens Financial Group's primary business model revolves around interest-based lending and borrowing, which represents the majority of their revenue. This is evident from their financial statements where interest income consistently makes up over 70% of total revenue across all quarters analyzed.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $1.9b $1.17b $1.37b $1.17b 72.01% 100.00%
June 30, 2024 $1.96b $1.17b $1.41b $1.17b 71.83% 100.00%
March 31, 2024 $1.96b $1.17b $1.44b $1.17b 73.61% 100.00%
Dec. 31, 2023 $1.99b $1.19b $1.49b $1.19b 74.85% 100.00%

The financial data shows that interest income and expense are central to Citizens Financial Group's business model. Interest income represents the majority of total revenue (over 70%) and interest expense represents a significant portion of total expenses (consistently over 90%) across all quarters analyzed. This indicates that interest-based activities are fundamental to the company's operations.

Operational Ethics

Pass

Based on available information from SEC filings and company reports, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.

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