Citizens Finl Group Inc Stock Price, News & Analysis

Citizens Financial Group (NYSE: CFG) has released its 2025 M&A Outlook, revealing dealmaker sentiment at a five-year high with 54% of decision-makers viewing the current M&A environment as strong. The survey of 400 middle-market companies and private equity firms shows increased optimism, with 57% expecting U.S. economic improvement.

Private equity firms are particularly optimistic, with 68% viewing the M&A environment as strong, up from 52% last year. The seller pool has expanded significantly, with 73% of middle-market companies identifying as potential sellers, compared to 63% last year. Key trends include growing openness to partial sales, increased interest in AI capabilities acquisition, and higher consideration of international deals, with 74% of PE firms more likely to consider investments outside the U.S.

Citizens Financial Group (NYSE: CFG) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for January 17, 2025, at 9:00 AM ET. The company will release its earnings report and supplemental materials on the same day, which will be accessible through their investor relations website.

Interested parties can participate in the conference call by dialing 800-369-1703 with conference ID 1679767. A live webcast will be available on the company's investor website. For those unable to attend, a replay will be accessible from 12:00 PM ET on January 17 through February 17, 2025.

Citizens Financial Group (NYSE: CFG) has announced that its subsidiary, Citizens Bank, will reduce its prime lending rate by 25 basis points, from 7.75% to 7.50%. The new rate will take effect on Thursday, December 19, 2024. This adjustment in the prime rate, which serves as a benchmark for various consumer and commercial loan products, reflects changes in the broader interest rate environment.

Citizens Financial Group (NYSE: CFG) announced that Chairman and CEO Bruce Van Saun will participate in the Goldman Sachs U.S. Financial Services Conference. The event is scheduled for Tuesday, December 10, 2024, at 10:00 am ET. Interested parties can access the live webcast through the company's investor relations website under the Events & Presentations section.

Citizens announces three key executive appointments to strengthen its consumer banking leadership team. Raman Muralidharan joins as Head of Mortgage, while Adam Boyd and Nuno Dos Santos are promoted to Head of Lending and Head of Retail Banking, respectively. These appointments aim to accelerate the bank's transformation and enhance customer experience.

Muralidharan brings two decades of mortgage industry experience from Guaranteed Rate and HSBC. Boyd, who led the successful FastLine® home equity lending transformation, will oversee consumer lending operations. Dos Santos, who achieved top-quartile growth in the Tri-State Metro market, will manage over 5,000 colleagues across 1,000 retail branches.

Citizens Financial Group (NYSE: CFG) has announced a decrease in its prime lending rate from 8.00% to 7.75%, effective November 8, 2024. The bank, headquartered in Providence, Rhode Island, manages assets worth $219.7 billion as of September 30, 2024. Citizens operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering comprehensive retail and commercial banking services including mobile banking, lending, savings, wealth management, treasury management, and corporate finance solutions.

Citizens Financial Group (NYSE: CFG) has declared quarterly dividends on its preferred stock series, payable on January 6, 2025, to shareholders of record as of December 20, 2024. The dividends include: $19.85 per share on Series B, $20.24 on Series C, $12.50 on Series E ($0.31 per depositary share), $14.13 on Series F, $10.00 on Series G, and $18.44 on Series H ($0.46 per depositary share). Citizens Financial Group, with $219.7 billion in assets, operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering retail and commercial banking services.

Citizens Financial Group (NYSE: CFG) has announced its 2026 quarterly financial results schedule. Conference calls will be held on: April 16 (Q1), July 16 (Q2), October 16 (Q3), and January 20, 2027 (Q4), all at 9 am ET. The company, with $219.7 billion in assets as of September 30, 2024, operates approximately 3,100 ATMs and over 1,000 branches across 14 states and DC, providing comprehensive retail and commercial banking services.

Citizens Financial Group (NYSE: CFG) reported Q3 2024 net income of $382 million and EPS of $0.77. Underlying net income was $392 million with EPS of $0.79. The company's CET1 ratio stood at 10.6% and loan-to-deposit ratio at 80.8%. Key highlights include:

- Private Bank reached $5.6 billion in deposits and $4.1 billion in AUM
- Strong growth in NYC Metro region
- Upcoming launch of TOP 10 program with $100 million plus impact
- Strong balance sheet across capital, liquidity, funding, and loan loss reserves
- Q3 impacted by forward-starting swaps and fee pushouts to Q4
- Projecting strong Q4 and 2025 launch
- Quarterly dividend of $0.42 per share declared

Citizens Financial Group has $219.7 billion in assets as of September 30, 2024, offering a range of retail and commercial banking products across 14 states and D.C.