Citizens Financial operates in two segments. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses. This segment also provides indirect auto finance for new and used vehicles through auto dealerships.
The Commercial Banking segment offers various financial products and solutions, such as loans and leasing, trade finance, deposit and treasury management, cash management, and foreign exchange and interest rate risk management solutions. It also provides loan syndications, corporate finance, merger and acquisition, and debt and equity capital markets capabilities.
Shareholders receive a 4.11% dividend. The Goldman Sachs target price is $60, in line with the $60.53 consensus target for Citizens Financial stock. The shares closed almost 4% lower on Wednesday at $38.00.
Constellation Brands
If any company has products that stay in style, it is this one, and it has only 7% foreign sales. Constellation Brands Inc. (NYSE: STZ) is a leading global producer and marketer of beverage alcohol. Its wideanging portfolio spans wine, spirits and imported beer.
Constellation Brands is one the world’s largest wine companies overall and is the largest global premium wine company. Key brands include Robert Mondavi, Clos du Bois, Blackstone, Arbor Mist, Black Velvet and SVEDKA vodka. It also owns 100% of the rights to brew, market and sell Modelo’s Mexican beers in the United States.
Constellation Brands made a gigantic $3.8 billion investment in cannabis company Canopy Growth in 2018 to increase its holdings in the company. The record investment reflects a world in which marijuana has become ubiquitous as its counterculture stigma fades and more states legalize use.
The dividend yield is 1.35%. The $275 Goldman Sachs price target compares with the $273.48 consensus target. Wednesday’s final trade for Constellation Brands stock was reported at $237.05.
Honeywell
This top industrial stock could be poised for a solid balance of 2022 and beyond, if global growth picks up again. Honeywell International Inc. (NYSE: HON) is a New-Jersey based diversified, global technology and manufacturing company.
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