Industry Overview - Regional bank stocks have faced significant challenges this year due to soaring borrowing costs, which have negatively impacted net interest income, and the decline in value of older bonds due to higher yields [1] - The SPDR S&P Bank ETF is down 3% this year, indicating a lack of recovery in the sector [1] Investment Opportunities - Despite the broader market showing signs of recovery, bank stocks are expected to take longer to adjust, presenting a potential opportunity for investors [2] - High-quality regional bank stocks are currently undervalued and priced below book value, offering upside potential as market conditions stabilize [8] Citizens Financial Group (CFG) - Citizens Financial Group is highlighted as a top-value regional bank stock, with a price-to-book ratio of 0.72 and a forward dividend yield close to 5%, which can exceed 10% when including buybacks [4] - The bank benefits from a strong economic recovery in Rhode Island, where the labor market has dropped below 3% unemployment for the first time since 1988, supporting its operational outlook [5][9] KeyCorp - KeyCorp is positioned as an inexpensive bank stock with a focus on middle-market commercial banking in Ohio and New York, offering a 5.9% dividend yield [11] - Morningstar estimates KeyCorp's fair per-share value to be nearly 40% higher than its current trading price, indicating strong potential for growth [11] Valley National Bancorp (VLY) - Valley National Bancorp is noted for its compelling 6.7% dividend yield and unique access to the cannabis market, trading at just 0.57 times book value [12] - Analysts have set an average price target of $9.44 for Valley National, approximately 31% above its current share price, with a significant positive shift in analyst sentiment [13]

Citizens Financial Group, Inc. (CFG) unveiled a few developments aimed at accelerating growth of its Wealth Management business to attract new high-net-worth clients. The company's CEO, Bruce Van Saun, stated that management wants to have more choices for customers in terms of wealth options. With the bank failures of 2023, it is clear that significant white space exists in the market for a new entrant to fill by delivering best-in-market customer service for Private Banking and Wealth Management clients. H ...

PM Images M&T Bank Corporation (MTB) priced an offering of $750 million worth of new series J non-cumulative preferred stock, offering a fixed dividend rate of 7.5%. The new shares were rated by all four of Moody's, S&P, Fitch, and DBRS, at Baa3, BB+, BBB- and BBB, respectively. The new shares traded temporarily on the OTC under symbol MTDJV before moving to permanent symbol MTB-J on the New York Stock Exchange. Citizens Financial Group (CFG) priced an offering of $400 million worth of new series H non-cumu ...

Core Insights - The article discusses the largest banks in the US by consolidated asset size as of September 30, 2025, highlighting their product offerings and branch networks Bank Rankings - **Chase Bank** is the largest bank in the US with $3.8 trillion in assets, operating over 5,000 branches and 15,000 ATMs, offering a wide range of financial products [3] - **Bank of America** follows as the second-largest bank with $2.7 trillion in assets, providing various products for personal and business customers, and operates more than 3,600 branches and approximately 15,000 ATMs [3] - **Citibank** ranks third with $1.8 trillion in assets, operating 660 branches and over 2,300 ATMs, offering products such as deposit accounts and personal loans [4] - **Wells Fargo**, also with $1.8 trillion in assets, has been serving customers since 1852 and operates more than 4,100 branches and over 11,000 ATMs [4] - **U.S. Bank** is the fifth-largest bank with $680 billion in assets, operating more than 2,100 branches and offering a variety of banking products [5] - **Capital One** has $652 billion in assets, operates 258 branches, and offers a full suite of financial products [6][7] - **Goldman Sachs Bank** has $644 billion in assets, primarily known for its investment banking, operates two branches, and offers online banking services [8] - **PNC Bank** has $564 billion in assets, serving personal and business clients with over 2,300 branches [9] - **Truist Bank** has $536 billion in assets, operates nearly 2,000 branches, and offers a range of financial services [10] - **Bank of New York Mellon** has $367 billion in assets, primarily known for asset servicing and investment management, operating just one domestic branch [10] - **State Street Bank and Trust Company** has $366 billion in assets, serving as a global custodian bank with two domestic branches [11] - **TD Bank** has $351 billion in assets, serving over 10 million customers with 1,100 branches [12] - **Morgan Stanley Bank** has $250 billion in assets, providing financial services to individuals and institutions [13] - **BMO Bank** has $249 billion in assets, operating over 1,000 branches and offering various banking products [14] - **Morgan Stanley Private Bank** has $240 billion in assets, focusing on high-net-worth clients without any branches [16] - **First Citizens Bank** has $233 billion in assets, serving personal and business clients with about 500 branches [16] - **Citizens Bank** has $222 billion in assets, operating nearly 1,000 branches and offering a range of financial products [17] - **Fifth Third Bank** operates over 1,100 branches and has a network of more than 40,000 fee-free ATMs [18] - **American Express National Bank** has $211 billion in assets, focusing on high-yield savings accounts and personal loans [18] - **M&T Bank** also has $211 billion in assets, operating almost 1,000 branches and offering various banking services [19]

JHVEPhoto Citizens Financial Group (NYSE:CFG) is a regional bank that has joined its industry peers in struggling to maintain earnings and deposits in an environment of high-interest rates. Back in November, I wrote on the opportunity being presented with the bank’s Series D preferred shares (CFG PR D). These shares will begin floating at a rate of three-month SOFR plus 390 basis points with their next dividend declaration. Based on today’s market pricing, the dividend yield would be just under 8.5%. Fo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Exact name of the registrant as specified in its charter) Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months and (2) has been subject to such filing requirements for the past 90 days. ☑ Yes ☐ No There were 455,019,971 shares of the registrant's common stock ($0.01 par value) outstanding on Apr ...

JHVEPhoto Citizens Financial Group, Inc. (NYSE:CFG), incorporated in 1984 and headquartered in Providence, Rhode Island, is a bank holding company that through its subsidiaries offers banking products and services to individuals and businesses in 14 states. This business has been profitable for a long time and has also been steadily growing over the years. Given its capital position and the attractive but safe dividend yield, I believe that one can practically get paid to wait until the market better ap ...

Citizens Financial Group (CFG) has reported first-quarter 2024 earnings per share (EPS) of 65 cents, missing the Zacks Consensus Estimate of 75 cents. The bottom line declined from $1 in the year-ago quarter.Underlying EPS for the first quarter of 2024 was 79 cents, down from $1.10 reported in the year-ago quarter.Results were adversely affected by lower net interest income (NII) and a rise in provisions and operating expenses. However, an increase in non-interest income and lower allowance for credit losse ...

Other (1) 3.6 2 Total C&I(2) $ 44.0 31 % CRE Multi-family $ 9.5 7 % Office 5.7 4 Credit tenant lease and life sciences(3) 2.3 2 Other general office 3.4 2 Industrial 4.1 3 Retail 3.4 2 Co-op 1.8 1 Data Center 0.7 — Hospitality 0.6 — Other (1) 3.1 3 Total CRE $ 28.9 20 % Total Commercial loans & leases $ 72.8 51 % Total CFG $ 143.2 Diverse and granular portfolio Commercial portfolio risk ratings(4) $s in billions 58% 57% 56% 25%17% 17% 14%19% 20% 3% 7% 7% 4Q19 4Q23 1Q24 B- and lower B+ to B BB+ to BB- AAA+ t ...

Citizens Financial Group, Inc. (NYSE:CFG) Q1 2024 Earnings Conference Call April 17, 2024 9:00 AM ET Company Participants Kristin Silberberg - Executive Vice President, Investor Relations Bruce Van Saun - Chairman and Chief Executive Officer John Woods - Chief Financial Officer Brendan Coughlin - Head, Consumer Banking Don McCree - Head, Commercial Banking Conference Call Participants Ryan Nash - Goldman Sachs Scott Siefers - Piper Sandler John Pancari - Evercore Peter Winter - D.A. Davidson Ken Usdin - Jef ...