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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 allocates $2.4 million in financial empowerment grants to support nonprofit organizations, including Junior Achievement. They also release results of a teen financial wellness survey highlighting the need for expanded financial literacy programs.
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Citizens Financial Group (CFG) boosts partnership with The Andy Warhol Museum with a $200,000 grant for The Warhol Academy, enhancing economic mobility and workforce development in Pittsburgh.
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Bruce Van Saun, Chairman and CEO of Citizens Financial Group, received the Foreign Policy Association’s 2024 FPA Medal for his contributions to global financial systems and economic prosperity. He emphasized the strength of the American banking system in driving global growth through innovation and financial inclusion.
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Citizens Financial Group, Inc. (CFG) executives to participate in RBC Capital Markets Financial Institutions Conference on March 5, 2024.
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Citizens Financial Group, Inc. (CFG) appoints Tracy A. Atkinson to its Board of Directors and Edward J. Kelly III as lead independent director. Atkinson brings extensive financial expertise, serving on U.S. boards, and navigating regulatory changes. Kelly succeeds Shivan Subramaniam, who will retire after reaching the mandatory retirement age. Atkinson's background includes roles at State Street Corporation, PricewaterhouseCoopers, and MFS Investment Management.
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Citizens Financial Group, Inc. (CFG) declares dividends on its preferred stock, with varying rates for different series, payable on April 8, 2024. The dividends range from $10.00 to $21.723520 per share, benefiting preferred shareholders.
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Citizens Financial Group, Inc. (CFG) appoints Brendan Goode as Chief Security Officer, succeeding Holly Ridgeway who will retire. Goode brings extensive security experience from Commonwealth Bank of Australia and Citigroup. Ridgeway, a security industry veteran, has been pivotal in developing cybersecurity strategies for Citizens.
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Citizens Financial Group, Inc. (CFG) has announced significant changes to accelerate the growth of its Wealth Management and Private Banking business, including the hiring of industry veterans for key roles and the opening of a new Private Banking office in Boston. The company aims to cater to a wide range of wealth clients, from mass affluent to ultra-high net worth and family offices, with the goal of becoming a leading Private Banking and Wealth Management provider in the U.S.
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The national Citizens Business Conditions Index™ (CBCI) rose to 51.8 in the fourth quarter, supported by continued resilience in the labor market and consumer trends. Solid employment trends, particularly in Local Government and Healthcare, contributed to improving economic conditions in the fourth quarter. Healthcare and Consumer Services were among the top sectors, while the Basic Materials and Energy sectors faced headwinds. The ISM non-manufacturing component remained expansionary as consumers continued to spend on travel and recreational services. Overall, the fourth quarter CBCI revealed a business environment that is reverting toward its long-term growth trend, providing an optimistic starting point for 2024.
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Citizens has announced its annual Small Business Community Champion Award Contest, with $10,000 awards for 30 small businesses, including minority-owned, women-owned, and veteran-owned businesses. The contest aims to strengthen local economies and communities, having awarded over $1.2 million to 112 small businesses to date.
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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