Why Citizens Financial Group Stock Soared in June

A seriously bulked-up share repurchase plan and good results of the Federal Reserve's latest banking industry stress test improved the share price of regional lender Citizens Financial Group (CFG 1.45%) in June. Over the course of the month, investors traded the bank's stock up by nearly 11% in reaction to this. Not so stressedThe rally basically started in the middle of the month, when Citizens announced that stock buyback news. To the satisfaction of its shareholders, the company said it would bolster the ...