What is Citizens Financial Group's consumer banking — goodwill impairment?

Citizens Financial Group (CFG) reported consumer banking — goodwill impairment of $0.00 in Q3 2023.

What does consumer banking — goodwill impairment mean?

A non-cash charge indicating that the value of acquired assets in the consumer banking business has declined.

Discontinued — last reported Q3 '23

This is a positive signal — lower values indicate better performance for this metric.

StatementSegment

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ3 2022

Last reportedQ3 2023

An increase signals potential overpayment for past acquisitions or deteriorating long-term performance expectations for the consumer segment.

Represents the non-cash charge recognized when the carrying value of goodwill associated with the consumer banking segme...

Peer banks typically report zero impairment unless a major strategic shift or economic downturn occurs.

Metric ID: cfg_segment_consumer_banking_goodwill_impairment_loss

2 periods

	Q3 '22	Q3 '23
Value	$0.00	$0.00

Range$0.00 – $0.00

What is Citizens Financial Group's consumer banking — goodwill impairment?: Citizens Financial Group (CFG) reported consumer banking — goodwill impairment of $0.00 in Q3 2023.
What does consumer banking — goodwill impairment mean?: A non-cash charge indicating that the value of acquired assets in the consumer banking business has declined.