Citizens Bank Profit Soars Amid Strong Loans | Business and Finance News

Citizens Financial Group just smashed Q2 earnings with a 14% jump in net interest income and a booming loan portfolio hitting $146 billion—yes, even as inflation and rising rates loom. Their capital markets division is also surging, riding the global M&A wave that’s already hit $3 trillion this year. Plus, they’re holding back on credit loss reserves, slashing $30 million from last year’s total. All that adds up to a stellar $587 million profit and $1.30 per share—proof that strong loan demand and smart moves are powering their growth, even in tough times. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2191f8383d6a3664