Citizens Finl Group Inc Stock Price, News & Analysis

Citizens Financial Group has announced a commitment of $350,000 for workforce development in Queens, New York. This funding will support partners such as Pursuit, Rockaway Development & Revitalization Corporation, and Ocean Bay Community Development Corporation, focusing on essential technical skills in IT and telecommunications. Notably, $250,000 will fund Pursuit's Bridge to Technology Program, while the remaining will aid telecommunications training and work readiness programs, advancing economic opportunities in the community.

Citizens Financial Group, Inc. (NYSE: CFG) has announced an increase in its common share repurchase authorization to $1.0 billion, up by $545 million from the previous $455 million remaining under its earlier $750 million plan. This decision follows the Federal Reserve's June 2022 stress test results and a preliminary Stress Capital Buffer (SCB) of 3.4% effective October 1, 2022. Additionally, the Board of Directors will consider a dividend increase for Q3 2022, reflecting the company’s strong capital position.

Citizens Financial Group, Inc. (NYSE: CFG) announced a rise in its prime lending rate from 4 percent to 4.75 percent, effective Thursday, June 16, 2022. This change reflects the bank's response to prevailing economic conditions and aims to maintain competitiveness in the lending market. As of March 31, 2022, the company reported $192.1 billion in assets, solidifying its status as one of the nation's largest financial institutions. Citizens offers a variety of banking products and services to a diverse clientele across the U.S.

Citizens Financial Group has introduced Citizens Paid Early™, allowing customers to access their paychecks up to two days earlier, effective June 5. This new feature is available for all personal Checking, Savings, and Money Market Accounts. Additionally, the bank will eliminate nonsufficient funds and Savings Overdraft Protection fees by year-end, aiming to improve financial management for customers. The initiative aligns with a 2021 survey showing consumer interest in faster paycheck access.

Citizens Financial Group, Inc. (NYSE: CFG) has successfully completed its acquisition of DH Capital LLC, a private investment banking firm specializing in Internet infrastructure and IT services. DH Capital has executed over 200 transactions valued at approximately $35 billion. This strategic move is expected to enhance Citizens' market presence and banking capabilities in the technology sector.

Citizens Financial Group, Inc. (NYSE: CFG) announces participation at the Morgan Stanley U.S. Financials, Payments & CRE Conference on June 14, 2022, at 10:15 am ET. Vice Chairman and CFO John Woods and Head of Consumer Banking Brendan Coughlin will represent the company. Interested parties can access the live webcast at investor.citizensbank.com under Events & Presentations. Citizens Financial Group, with $192.1 billion in assets as of March 31, 2022, provides a wide range of banking services across the U.S.

Citizens Financial Group, Inc. (NYSE: CFG) announces the pricing of concurrent unsecured note offerings totaling $1.05 billion. This includes $400 million in subordinated notes due 2037 and $650 million in senior notes due 2025. Proceeds will be used for general corporate purposes, with the offerings expected to close on May 23, 2022. The notes are managed by major banks including BofA Securities and Goldman Sachs. Citizens Financial Group, with $192.1 billion in assets, provides comprehensive banking services across various segments.

Citizens announces the launch of the Citizens Chinatown Renewal Fund, committing $400,000 to support minority-owned small businesses in Chinatown. This includes a $350,000 grant for direct assistance, aiming to address the economic impact of the pandemic. The initiative will benefit 100 businesses through capacity-building support and 22 businesses will receive $10,000 each. Additionally, Citizens will sponsor the Chinatown Night Market for the rest of 2022, promoting community recovery.

Citizens Bank has announced the winners of its Fifth Annual Small Business Community Champion Awards, highlighting 30 small businesses from a record pool of nearly 11,000 entries. Each winner receives a $10,000 prize to support their initiatives aimed at community enrichment. This year, the program expanded to 14 states and the District of Columbia, awarding ten prizes each for women-owned and minority-owned businesses. Citizens aims to promote economic vitality and small business success in its growing footprint.