Welcome to our dedicated page for Citizens Finl Group news (Ticker: CFG), a resource for investors and traders seeking the latest updates and insights on Citizens Finl Group stock.
Citizens Financial Group, Inc. reports banking results and capital actions for a bank holding company serving consumers, small businesses, middle-market companies, large corporations and institutions. Its recurring updates center on Consumer Banking and Commercial Banking activity, including deposits, mortgage and home equity lending, credit cards, small business loans, education loans, point-of-sale finance loans, wealth management and commercial banking services.
Company news also includes quarterly earnings materials, common and preferred stock dividend announcements, investor conference participation and community finance initiatives. Citizens’ public updates frequently connect financial performance with balance sheet trends, credit conditions, private banking activity, financial literacy programs, nonprofit partnerships and small-business support in the markets the bank serves.
Citizens has announced a $2.6 million investment in financial education grants and volunteer support through its Citizens Money Essentials program. The initiative aims to help students, individuals, and small business owners enhance their financial literacy.
The funding will support national partnerships with Junior Achievement (JA) and Council for Economic Education (CEE), along with 132 local nonprofits. Key programs include JA's financial education and career readiness training, CEE's Invest in Girls program addressing gender gaps in financial literacy, and Volunteer Income Tax Assistance (VITA) providing free tax help for those earning $67,000 or less.
In 2024, Citizens colleagues contributed over 6,500 hours of financial education, delivering interactive curriculum in English and Spanish across the bank's footprint.
Citizens Financial Group CEO Bruce Van Saun delivered a keynote address at The City Club of Cleveland, discussing strategies for business growth amid economic uncertainty. The speech highlighted how organizations can drive transformation through leadership, vision, culture, and innovation.
A recent Citizens survey revealed that 45% of Ohio business leaders are seeking support for growth through advisory services and strategic guidance. Van Saun emphasized the important role of regional banks in supporting developing areas, particularly in Cleveland and the Midwest.
The CEO detailed how Citizens has managed recent challenges, including high inflation and rising rates, by focusing on customer service, launching Citizens Private Bank, and embracing cyber tools and AI. The bank reported $217.5 billion in assets as of December 31, 2024, operating approximately 3,100 ATMs and 1,000 branches across 14 states and D.C.
Citizens Financial Group (NYSE: CFG) has announced it will release its first quarter 2025 earnings on April 16, 2025. The company will make the earnings report and supplemental materials available to investors through their investor relations website. Management will also host a live conference call on the same day to discuss the results.
Citizens Financial Group (CFG) has released new research showing middle market business leaders maintain cautious optimism despite economic challenges heading into 2025. The survey reveals that 83% of leaders believe their businesses are in a better financial position than last year, with 56% planning to increase hiring and 57% intending to invest more in growth compared to 2024.
Key concerns identified include inflation (59%), interest rates (44%), and tariffs (42%). Workforce challenges remain significant, with 84% of leaders prioritizing recruitment and retention. Companies are responding through increased employee training (39%), automation/AI adoption (38%), and workplace culture improvements (36%).
The research also highlights that 87% of business leaders plan to technology investments, focusing on AI and automation. Additionally, 76% view private equity as a current or future funding source, while many seek support for green initiatives and sustainable debt issuance.
Citizens Financial Group's second annual survey reveals significant gender disparities in financial confidence as the 'Great Wealth Transfer' approaches. Baby Boomers are expected to transfer $124 trillion in assets by 2048, with women projected to control $34 trillion in investable assets by 2030.
Key findings show that 84% of women lack confidence in managing inheritance money compared to 73% of men. Additionally, 45% of women feel overwhelmed managing personal wealth, and 51% have never opened an investment account. The survey of 1,500 Americans highlights that 90% of women desire financial advisor guidance, primarily for retirement planning.
The study also reveals generational shifts, with 38% of Gen Z opening investment accounts by age 21 compared to 7% of Boomers. However, 30% of Americans still lack estate planning, and 80% aren't confident in creating one. The findings emphasize the critical need for professional financial guidance to manage this historic wealth distribution effectively.
Citizens Financial Group (NYSE: CFG) has announced key executive appointments to accelerate its strategic growth agenda. Michelle Moosally has been appointed as General Counsel and Chief Legal Officer, effective May 15, bringing nearly 25 years of financial institution legal experience. Matt Boss will serve as Head of Consumer Banking from May 5, overseeing retail banking, deposits, consumer lending, mortgage, and business banking operations.
Boss will report to Brendan Coughlin, who transitions to Vice Chair-Consumer, Private Banking & Wealth. This restructuring allows Coughlin to focus on growing Citizens' Private Bank and Wealth Management businesses while overseeing Enterprise Marketing and Data & Analytics functions.
Citizens Financial Group, with $217.5 billion in assets as of December 31, 2024, operates approximately 1,000 branches and 3,100 ATMs across 14 states and D.C., offering comprehensive retail and commercial banking services.
Citizens Financial Group (NYSE: CFG) has announced its participation in the upcoming RBC Capital Markets Financial Institutions Conference. Vice Chair and CFO John Woods and Head of Capital Markets Ted Swimmer will represent the company at the event, scheduled for March 4, 2025, at 10:00 am ET.
The company, headquartered in Providence, Rhode Island, manages $217.5 billion in assets as of December 31, 2024. Citizens operates approximately 1,000 branches and 3,100 ATMs across 14 states and DC, offering comprehensive retail and commercial banking services.
Their Consumer Banking division provides integrated mobile and online banking services, while their Commercial Banking segment offers various financial products including lending, treasury management, foreign exchange, and capital markets capabilities. A live webcast of the conference presentation will be available on the company's investor relations website.
Citizens Financial Group (NYSE: CFG) has announced quarterly dividend payments on six series of preferred stock, all payable on April 7, 2025, to shareholders of record as of March 21, 2025. The dividends include:
- Series B (6.000% Fixed-to-Floating): $19.11 per share
- Series C (6.375% Fixed-to-Floating): $19.50 per share
- Series E (5.000% Fixed-Rate): $12.50 per share
- Series F (5.650% Fixed-Rate Reset): $14.13 per share
- Series G (4.000% Fixed-Rate Reset): $10.00 per share
- Series H (7.375% Fixed-Rate): $18.44 per share
The company, headquartered in Providence, Rhode Island, manages $217.5 billion in assets as of December 31, 2024, operating approximately 1,000 branches and 3,100 ATMs across 14 states and DC.
Citizens Financial Group (NYSE: CFG) announced that Beth Johnson, Vice Chair and Chief Experience Officer, will retire effective March 3. Johnson, who served on the bank's Executive Committee for 11 years, currently oversees customer experience and digital design, data & analytics, marketing & communications, enterprise payments strategy, and sustainability & impact programs.
CEO Bruce Van Saun highlighted Johnson's contributions in developing digital, data, and marketing capabilities, noting that her retirement comes when her portfolio is performing exceptionally well. The bank has planned a transition to move Enterprise Experience functions to other senior leaders.
Citizens Financial Group operates with $217.5 billion in assets as of December 31, 2024, offering retail and commercial banking services through approximately 3,100 ATMs and 1,000 branches across 14 states and DC.
Citizens Financial Group reported an improvement in its Business Conditions Index (CBCI) to 51.0 in Q4 2024, indicating modest business expansion. The improvement was driven by strong corporate revenue trends and sustained strength in the service sector, despite challenges from severe weather events and labor strikes in automotive and aerospace sectors.
The positive momentum was supported by the Federal Reserve's interest rate cuts and reduced election-related uncertainty. While employment trends and new business growth remained neutral, robust consumer spending offset regional challenges. The ISM manufacturing component, though still contractionary for the ninth consecutive quarter, showed slight improvement from Q3.
The company, with $217.5 billion in assets as of December 31, 2024, maintains approximately 3,100 ATMs and 1,000 branches across 14 states and D.C., offering comprehensive retail and commercial banking services.