Citizens posts $1.1B 2020 earnings, ‘record’ income from mortgage, wealth banking fees

CITIZENS FINANCIAL GROUP reported a $1.1 billion 2020 profit, a 44% decline year over year. / PBN FILE PHOTO
PROVIDENCE – Citizens Financial Group Inc. reported a 41% cut to year-over-year earnings, ending 2020 with $1.1 billion in profit, the company announced on Wednesday. Much of the $734 million loss stems from a dramatic increase in the company’s reserves set aside in anticipation for bad loans. The $1.6 billion in provision for credit losses…
Register to keep reading or subscribe today and receive unlimited access. Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display