The market expects Citizens Financial Group (CFG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 17, 2024, might help the stock move higher if these key num ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--The U.S. banking system remains well-positioned to help boost global growth and act as a steward for existing and new markets, while driving alignment with the values and policies that contribute to collective prosperity, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, while accepting the Foreign Policy Association’s 2024 FPA Medal. Speaking at the Association’s March 7 Financial Services Dinner in New York, Van Saun highlighte ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced the appointment of Tracy A. Atkinson to the company’s Board of Directors, effective March 1, 2024. Atkinson’s appointment will temporarily expand the Citizens Board to 14 directors. She will serve on the Board’s Audit Committee. Atkinson most recently served as an executive vice president of State Street Corporation, having held a number of senior finance and risk management roles including chief administrative off ...

Most income investors try to fortify their retirement. High-yield dividend stocks are prime investments for stability and growth potential in the financial markets. The article focuses on securing a golden year with investments in the listed seven companies that have established themselves as industry leaders. These companies offer lucrative dividend yields with solid growth trajectories supported by strategic initiatives.Under ongoing economic uncertainty, more than traditional investments may be needed to ...

One Citizens Plaza, Providence, RI 02903 (Address of principal executive offices, including zip code) (203) 900-6715 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share CFG New York Stock Exchange Depositary Shares, each representing a 1/40th interest in a share of 6.350% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 8, 2024, to preferred shareholders of record at the close of business on March 22, 2024: a quarterly cash dividend of $21.723520 per share on CFG’s 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B; a quarterly cash dividend of $15.9375 per share on CFG’s 6.375% Fixed-to-Floating Rat ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June. “Brendan is a highly skilled security executive whose extensive experience and innovative insights in security, operationa ...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens Financial Group, Inc. (NYSE: CFG) today unveiled a number of changes aimed at accelerating the growth of its Wealth Management and Private Banking business to serve the entire spectrum of wealth clients, from mass affluent to ultra-high net worth and family offices. The new strategy, highlighted by the hiring of two new executives in critical roles, will better position Citizens to achieve its ambitious goal of building a preeminent Private Banking and Wealth Mana ...

Saying last week’s sell-off triggered by one bank’s results appears to be overblown, Citi analyst Keith Horowitz on Monday upgraded Citizens Financial Group Inc. to buy from hold.Citizens Financial Group’s stock CFG, +2.82% rose by 1.4% in premarket trading.“With the market pricing in greater credit concerns, we are stepping off the sidelines and upgrading CFG,” Horowitz said. Horowitz kept his target price for the stock at $36 a share, after Citizens Financial Group’s stock dropped by 7% between Jan. 30 an ...

Banks continue to navigate a bumpy landscape in loans tied to a drop in office-space value and rent prices in many markets as workers stay at home.In one high-profile example on Tuesday, New York Community Bancorp NYCB, -37.67% cited a need to increase its allowance for credit losses (ACL) on the heels of an office loan that contributed to a $185 million charge-off loss and helped trigger a roughly 40% drop in its stock price.“Given the impact of recent credit deterioration within the office portfolio, we d ...