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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, Inc. (CFG) reported a strong fourth quarter and full year 2023 financial results with underlying net income of $426 million and EPS of $0.85. The CET1 ratio was 10.6%. The company projects a net income of $1.6 billion and EPS of $3.13 for 2023, with underlying EPS of $3.88.
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Voya Financial, Inc. (VOYA) has elected Robert Leary to its board of directors, effective Jan. 8, 2024. Leary brings over 30 years of experience in asset management, employee benefits, retirement, insurance, and annuities industries. He will serve on multiple committees of Voya's board. Leary's extensive industry knowledge and leadership experience are expected to drive growth and benefit Voya's stakeholders.
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Citizens Financial Group (CFG) reveals optimism for the M&A market in 2024, supported by strong expectations for the U.S. economy. The annual survey of 400 leaders at U.S. middle-market companies and private equity firms shows that 46% of mid-market firms expect a strong M&A market in 2024, with 46% of PE firms expecting higher deal volumes. The survey also uncovered trends related to interest in AI assets, international dealmaking, and the upcoming U.S. election that support the upbeat forecast.
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Citizens (CIT) Survey: 99% Agree AI Essential for Business Operations
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Citizens Financial Group, Inc. (CFG) introduces a new sustainably manufactured Mastercard® Debit and ATM Card, made from 90 percent recycled plastic and featuring Mastercard’s Touch Card™ innovation. The cards are designed to fuel sustainability and accessibility, carrying Mastercard’s sustainable card badge, validated by an independent certification program. Citizens was the first U.S. bank to introduce Mastercard’s Touch Card feature, implemented in May 2023.
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Citizens Financial Group, ticker symbol CFG, will report its Q4 and full year 2023 earnings on January 17, 2024. Investors can access the news release and supplemental materials on that date.
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Citizens Financial Group, Inc. (NYSE: CFG) to participate at Goldman Sachs U.S. Financial Services Conference on December 5, 2023 at 10:00 am ET
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Citizens Financial Group, Inc. (NYSE: CFG) announces dividends on preferred stock, including $22.68 per share on Series B, $15.94 per share on Series C, $15.88 per share on Series D, $12.50 per share on Series E, $14.13 per share on Series F, and $10.00 per share on Series G, payable on January 8, 2024.
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Citizens will produce a first-of-its-kind Instagram Live from the Citizens Cheer Zone along mile 12 in Greenpoint during the TCS New York City Marathon. The livestream will be hosted by Rachel Dratch and Michael Rainey Jr. and will be live on Citizens' social media channels. Citizens became the official bank of the New York Road Runners and a foundation sponsor of the marathon. They aim to celebrate the spectators and communities that support the event.
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The national Citizens Business Conditions Index™ (CBCI) rose to 50.7 in the third quarter, signaling a return to modest growth. New business applications leveled off, but operating conditions for small businesses improved. Citizens' proprietary data on client revenue was stronger across most industries, with Consumer Services and Healthcare remaining top sectors. The manufacturing industry continued to contract, but at a slower rate. Employment trends strengthened, and inflation eased.
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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