STOCK TITAN

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.

Rhea-AI Summary
College Raptor releases its '2024 Hidden Gem College' rankings, highlighting exceptional but lesser-known schools across the US.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
none
-
Rhea-AI Summary
Citizens Financial Group, Inc. executives to participate at Barclays Global Financial Services Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
conferences
-
Rhea-AI Summary
Citizens has partnered with Wyndham Destinations to offer installment-based financing through Citizens Pay for down payment costs at over 200 resorts in the U.S. The partnership aims to provide a more predictable and affordable way for vacation club members to explore their favorite resort destinations. Citizens Pay offers flexible financing options that enable consumers to discover vacation ownership as a dynamic travel option.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
partnership
Rhea-AI Summary
Citizens Business Conditions Index (CBCI) reveals economic slowdown in Q2 due to rising unemployment claims and slowing business formation. Despite Fed rate hikes, clients' revenue remains strong in most industries. Relief from inflation surprises as business environment struggles to adapt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
none
-
Rhea-AI Summary
Citizens Financial Group, Inc. has appointed Susan deTray as Head of Citizens Private Bank. She will lead the bank's private banking growth strategy and collaborate with other departments to drive growth in Wealth Management, Business Banking, and Commercial Banking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.51%
Tags
none
Rhea-AI Summary
Citizens Financial Group, Inc. (NYSE: CFG) reported Q2 2023 financial results. Underlying net income was $531 million with EPS of $1.04. Spot deposit growth increased by 3% QoQ and the loan-to-deposit ratio (LDR) improved to 85%. The CET1 ratio was 10.3%, up 30 basis points.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.39%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none
-
Rhea-AI Summary
Citizens Financial Group, Inc. (NYSE: CFG) has been named 'Best Super-regional Bank in the U.S.' by Euromoney as part of the magazine’s Awards for Excellence 2023. The award recognizes the U.S. bank that brings the highest level of service, innovation, and solutions to its customers. This recognition reflects the bank's clear vision, strong leadership team, and disciplined execution. Bruce Van Saun, chairman and CEO, expressed the bank's commitment to innovation, investment, and delivering value for its customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.96%
Tags
none
Rhea-AI Summary
Citizens Financial Group appoints Taira Hall as Head of Enterprise Payments. Hall's expertise in fintech and B2B payments will help drive digital transformation and enhance payments capabilities. Citizens sees opportunities in real-time and emerging payments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
Tags
none

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