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Citizens Financial Group, Inc. - CFG STOCK NEWS

Welcome to our dedicated page for Citizens Financial Group news (Ticker: CFG), a resource for investors and traders seeking the latest updates and insights on Citizens Financial Group stock.

Citizens Financial Group, Inc. (CFG) is one of the oldest and largest financial services firms in the United States. Headquartered in Providence, Rhode Island, with roots dating back to 1828, Citizens offers a comprehensive range of retail and commercial banking products and services. The company serves individuals, small businesses, middle-market companies, large corporations, and institutions through its extensive network.

Consumer Banking: Citizens brings convenience and enhanced banking experiences to retail customers through award-winning mobile apps, robust online services, a 24/7 customer contact center, and the accessibility of approximately 3,200 ATMs and 1,200 branches across 11 states. The bank offers mortgage lending, auto lending, student lending, and a variety of deposit products. These services are designed to cater to every aspect of personal finance, helping customers manage their money more efficiently.

Commercial Banking: Citizens Commercial Banking provides a broad range of wholesale banking products and services to corporate, not-for-profit, and institutional clients. Key offerings include treasury services, specialty finance, foreign exchange, capital markets, and debt syndication. The bank leverages its expertise to support the complex financial needs of its clients, driving growth and stability.

Financial Health: Citizens Financial Group boasts total assets exceeding $220 billion. The company generates the majority of its revenue from its Consumer Banking segment, reflecting a strong and consistent performance in personal banking services.

Innovations and Partnerships: Citizens is committed to innovation and technological advancements to enhance customer experience and operational efficiency. The bank's focus on digital transformation includes continuous improvements to its mobile and online banking platforms. Strategic partnerships and acquisitions have further solidified its position in the competitive financial services market.

Current Projects: Citizens is actively engaged in expanding its market presence and improving service delivery. Recent initiatives involve introducing new financial products, enhancing customer service capabilities, and optimizing branch operations to better serve the community. The bank is also dedicated to corporate social responsibility, emphasizing environmental sustainability, financial education, and community development.

Stay tuned for the latest news on Citizens Financial Group, Inc. to keep abreast of significant developments and financial performance updates.

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Citizens Financial Group (NYSE: CFG) has appointed Jim Weiss as the new Florida market president, enhancing its growth in the state. Weiss, who brings over 30 years of banking experience, will focus on expanding Citizens' local presence, leveraging his previous roles at Busey Bank and Fifth Third Bank. Under Weiss's leadership, Citizens aims to strengthen its offerings in Commercial, Wealth, and Retail banking.

The company continues to invest in Florida with 270 colleagues, five retail branches, and two wealth centers. This follows the opening of a Private Bank office in Palm Beach earlier this year. Weiss will collaborate closely with various banking teams to provide comprehensive financial solutions to Florida's residents and businesses.

Citizens Financial Group, one of the largest financial institutions in the U.S., has $220.4 billion in assets as of March 31, 2024. The company offers a wide range of retail and commercial banking products and services, emphasizing client-focused advice and tailored financial solutions.

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Citizens Financial Group, Inc. (NYSE: CFG) announced that Chairman and CEO Bruce Van Saun will participate in the Bernstein 40th Annual Strategic Decisions Conference 2024. The event will take place on May 31, 2024, and will be live webcasted. Citizens Financial Group, Inc. is a leading financial institution with $220.4 billion in assets offering a wide range of banking products and services to individuals, businesses, corporations, and institutions.

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Citizens Financial Group, Inc. (NYSE: CFG) declared dividends on its preferred stock, with various rates for different series, payable on July 8, 2024. The company, with $220.4 billion in assets, offers a wide range of financial products and services to consumers and businesses. Citizens focuses on tailored solutions, including mobile and online banking, with numerous branches and ATMs across 14 states and D.C. In Commercial Banking, the company provides lending, treasury management, and capital markets services.

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Citizens Bank, N.A. announced the redemption of $650 million in senior notes due May 23, 2025. The redemption price will be 100% of the principal amount plus accrued interest up to the Redemption Date. Citizens Financial Group, Inc. has $220.4 billion in assets and offers a wide range of banking products and services to various customers.

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The national Citizens Business Conditions Index™ (CBCI) fell to 48.2 in the first quarter as economic momentum slowed due to moderately restrictive monetary policy. Despite softening revenue trends and a decline in new business applications, the U.S. economy remains fairly healthy. Citizens Business Conditions Index™ reveals mixed dynamics in the business environment with some positive signs in the ISM non-manufacturing component and green shoots in manufacturing outlook.

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Citizens Financial Group, Inc. (NYSE: CFG) will be represented by Chairman and CEO Bruce Van Saun at the Barclays Americas Select Franchise Conference on May 8, 2024. The live webcast will be accessible on their investor relations website.

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Citizens Financial Group, Inc. reported a net income of $334 million and EPS of $0.65 for the first quarter of 2024. The underlying net income was $395 million with an EPS of $0.79. The company saw a strong recovery in Capital Markets fees, maintained a stable Net Interest Margin (NIM), Loan-to-Deposit Ratio (LDR) of 81%, and a Common Equity Tier 1 (CET1) ratio of 10.6%.
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Citizens Financial Group appoints Paul Casey as Head of Wealth Management to drive growth in the wealth sector following the launch of Citizens Private Bank in 2023.
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Citizens Financial Group, Inc. (CFG) is set to announce its first-quarter 2024 earnings on April 17, 2024.
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Citizens' study shows 72% of small- and mid-size businesses in the U.S. see private equity as a potential partner for funding. Positive sponsor perception may boost dealmaking in 2024.
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FAQ

What is the current stock price of Citizens Financial Group (CFG)?

The current stock price of Citizens Financial Group (CFG) is $43.45 as of December 20, 2024.

What is the market cap of Citizens Financial Group (CFG)?

The market cap of Citizens Financial Group (CFG) is approximately 19.0B.

What is Citizens Financial Group, Inc.?

Citizens Financial Group, Inc. is one of the oldest and largest financial services firms in the US, offering a range of retail and commercial banking products.

Where is Citizens Financial Group headquartered?

The company is headquartered in Providence, Rhode Island.

What products and services does Citizens offer?

Citizens offers retail and commercial banking products including mortgage lending, auto lending, student lending, treasury services, foreign exchange, and more.

How many branches and ATMs does Citizens have?

Citizens operates approximately 1,200 branches and 3,200 ATMs in 11 states.

What are the primary business segments of Citizens Financial Group?

The primary business segments are consumer banking and commercial banking.

How much are the total assets of Citizens Financial Group?

Citizens Financial Group has total assets exceeding $220 billion.

What innovations is Citizens focusing on?

Citizens is focused on digital transformation, including enhancements to its mobile and online banking platforms.

What is the main revenue source for Citizens Financial Group?

The main revenue source is the Consumer Banking segment.

Does Citizens engage in corporate social responsibility?

Yes, Citizens emphasizes environmental sustainability, financial education, and community development.

How can I stay updated with the latest news on Citizens Financial Group?

You can stay updated by following the latest news and updates on Citizens Financial Group through financial news websites and their official channels.

Citizens Financial Group, Inc.

NYSE:CFG

CFG Rankings

CFG Stock Data

18.96B
437.20M
0.69%
97.71%
2.78%
Banks - Regional
State Commercial Banks
Link
United States of America
PROVIDENCE