Edition:
United Kingdom

Citizens Financial Group Inc (CFG.N)

CFG.N on New York Stock Exchange

37.23USD
22 Feb 2019
Change (% chg)

$0.00 (+0.00%)
Prev Close
$37.23
Open
$37.28
Day's High
$37.36
Day's Low
$36.85
Volume
1,306,805
Avg. Vol
1,531,793
52-wk High
$46.70
52-wk Low
$27.63

Latest Key Developments (Source: Significant Developments)

Citizens Financial Group Sees Q1-End Cet1 Ratio Of About 10.5 Pct
Friday, 18 Jan 2019 

Jan 18 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP INC - SEES Q1-END CET1 RATIO OF ABOUT 10.5 PERCENT - PRESENTATION.CITIZENS FINANCIAL GROUP INC - SEES Q1 NONINTEREST EXPENSE UP LOW-TO MID-SINGLE DIGITS.CITIZENS FINANCIAL GROUP INC SEES 2019 NET INTEREST INCOME GROWTH OF ABOUT 5 PERCENT TO 6.5 PERCENT.CITIZENS FINANCIAL GROUP INC - SEES MEDIUM-TERM ROTCE OF ABOUT 14-16 PERCENT.CITIZENS FINANCIAL GROUP INC SEES 2019 NET INTEREST MARGIN UP LOW TO MID-SINGLE DIGIT BPS.CITIZENS FINANCIAL GROUP INC - SEES MEDIUM-TERM CET1 OF ABOUT 10 PERCENT.CITIZENS FINANCIAL GROUP INC SEES 2019 DIVIDEND PAYOUT RATIO OF ABOUT 30-35 PERCENT.CITIZENS FINANCIAL GROUP INC - SEES MEDIUM-TERM DIVIDEND PAYOUT RATIO OF ABOUT 35-40 PERCENT.CITIZENS FINANCIAL GROUP INC SEES Q1 AVERAGE LOAN GROWTH UP ABOUT 1 PERCENT.  Full Article

Citizens Financial Group Announces Pricing Of $300 Mln Preferred Stock Offering
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP ANNOUNCES PRICING OF $300 MILLION PREFERRED STOCK OFFERING.  Full Article

Citizens Financial Group Sees About 1-1.25 Pct Average Loan Growth In 4Q, About 3-4 Bps Net Interest Margin Expansion In 4Q
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Citizens Financial Group Inc ::SEES ABOUT 1-1.25 PERCENT AVERAGE LOAN GROWTH IN 4Q, ABOUT 3-4 BPS NET INTEREST MARGIN EXPANSION IN 4Q.SEES ABOUT 5-7 PERCENT RISE IN NON-INTEREST INCOME IN 4Q.  Full Article

Citizens Financial Group Q3 Earnings Per Share $0.91
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. REPORTS THIRD QUARTER NET INCOME OF $443 MILLION WITH DILUTED EPS OF $0.91 UP 34% YEAR OVER YEAR; UNDERLYING NET INCOME OF $450 MILLION AND EPS OF $0.93, UP 37% YEAR OVER YEAR*.Q3 EARNINGS PER SHARE $0.91.Q3 REVENUE $1.6 BILLION VERSUS I/B/E/S VIEW $1.56 BILLION.Q3 EARNINGS PER SHARE $0.93 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.90 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME OF $1.1 BILLION INCREASED $27 MILLION, OR 2% FROM Q2 2018.Q3 2018 NET CHARGE-OFFS OF $86 MILLION INCREASED $10 MILLION FROM Q2 2018.  Full Article

Citizens Financial Group Reports Third Quarter Results
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. REPORTS THIRD QUARTER NET INCOME OF $443 MILLION WITH DILUTED EPS OF $0.91 UP 34 PCT YEAR OVER YEAR; UNDERLYING NET INCOME OF $450 MILLION AND EPS OF $0.93, UP 37 PCT YEAR OVER YEAR*.Q3 EARNINGS PER SHARE $0.91.Q3 REVENUE $1.6 BILLION VERSUS I/B/E/S VIEW $1.56 BILLION.Q3 EARNINGS PER SHARE $0.93 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.90 -- THOMSON REUTERS I/B/E/S.QTRLY NET INTEREST INCOME OF $1.1 BILLION INCREASED $27 MILLION, OR 2 PCT.Q3 2018 NET CHARGE-OFFS OF $86 MILLION INCREASED $10 MILLION.  Full Article

Citizens Financial Group Receives No Objection To 2018 Capital Plan
Thursday, 28 Jun 2018 

June 28 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. RECEIVES NO OBJECTION TO 2018 CAPITAL PLAN.CITIZENS FINANCIAL GROUP INC - 2018 CAPITAL PLAN PROVIDES ABILITY TO INCREASE OUR DIVIDEND PER COMMON SHARE BY 23% NEXT QUARTER.CITIZENS FINANCIAL GROUP INC - 2018 CAPITAL PLAN PROVIDES ABILITY TO INCREASE OUR TOTAL COMMON SHARE REPURCHASES BY 20% VERSUS PRIOR YEAR'S CAPITAL PLAN.CITIZENS FINANCIAL - EXPECTED GLIDE PATH TO REDUCE COMMON EQUITY TIER ONE CAPITAL RATIO REMAINS ON TRACK.CITIZENS FINANCIAL - PLAN INCLUDES PROPOSED QUARTERLY DIVIDENDS OF $0.27 PER COMMON SHARE BEGINNING IN Q3 2018 FOR FOUR-QUARTER PERIOD BEGINNING JULY 1,.CITIZENS FINANCIAL - PLAN INCLUDES COMMON SHARE REPURCHASES OF UP TO $1.02 BILLION, UP 20% VERSUS 2017 CAPITAL PLAN FOR 4-QUARTER PERIOD BEGINNING JULY 1.  Full Article

Citizens Financial Group To Expand Mortgage Banking Business With Acquisition Of Franklin American Mortgage Company
Thursday, 31 May 2018 

May 31 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP INC TO EXPAND MORTGAGE BANKING BUSINESS WITH ACQUISITION OF FRANKLIN AMERICAN MORTGAGE COMPANY.CITIZENS FINANCIAL GROUP INC - DEAL FOR FOR $511 MILLION IN CASH.CITIZENS FINANCIAL GROUP INC - DEAL HAS NO IMPACT ON EXECUTION OF CITIZENS' PREVIOUSLY ANNOUNCED PLANNED SHARE REPURCHASES UNDER ITS 2017 CAPITAL PLAN.CITIZENS FINANCIAL GROUP - DEAL IS EXPECTED TO REDUCE CO'S BASEL III COMMON EQUITY TIER ONE RATIO BY ABOUT 18 BASIS POINTS AT DEAL CLOSE.CITIZENS FINANCIAL GROUP INC - DEAL EXPECTED TO IMPROVE FEE INCOME, PRODUCE ATTRACTIVE RETURNS, HAVE CROSSOVER EARNBACK PERIOD OF LESS THAN 3 YEARS.CITIZENS FINANCIAL GROUP INC - DEAL HAS NO IMPACT ON EXECUTION OF CITIZENS' PLANNED SHARE REPURCHASES UNDER 2017 CAPITAL PLAN.CITIZENS FINANCIAL GROUP INC - COMPANY EXPECTS TO ACHIEVE ANNUAL EXPENSE SYNERGIES OF ABOUT $50 MILLION BY 2020.CITIZENS FINANCIAL-RETURN ON AVERAGE TANGIBLE COMMON EQUITY ACCRETION EXPECTED ABOUT 30 BASIS POINTS IN 2019, ABOUT 45 BASIS POINTS IN 2020 FROM DEAL.CITIZENS FINANCIAL GROUP INC - DEAL IS EXPECTED TO BE MODESTLY ACCRETIVE TO SECOND HALF 2018.CITIZENS FINANCIAL GROUP INC - EARNINGS PER DILUTED COMMON SHARE ACCRETION OF APPROXIMATELY 2PCT IN 2019 FROM DEAL.CITIZENS FINANCIAL GROUP INC - COMBINED MORTGAGE BUSINESS WILL BE LED BY ERIC SCHUPPENHAUER, CURRENT CITIZENS PRESIDENT OF HOME MORTGAGE.CITIZENS FINANCIAL GROUP INC - DEAL IS EXPECTED TO BE ABOUT 3% ACCRETIVE TO 2020 EARNINGS PER SHARE.  Full Article

Citizens Financial Group Announces Redemption Of Subordinated Notes
Thursday, 24 May 2018 

May 24 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP ANNOUNCES REDEMPTION OF SUBORDINATED NOTES.CITIZENS FINANCIAL GROUP - REDEMPTION ON JUNE 29, 2018, OF ALL OUTSTANDING 5.158% FIXED-TO-FLOATING CALLABLE SUBORDINATED NOTES DUE JUNE 29, 2023.CITIZENS FINANCIAL - REDEMPTION PRICE FOR NOTES WILL BE EQUAL TO 100% OF NOTES REDEEMED, PLUS ANY ACCRUED & UNPAID INTEREST TO, BUT EXCLUDING DATE.  Full Article

Citizens Financial Group Announces Pricing Of $750 Mln Of Citizens Bank, N.A. Senior Notes
Monday, 26 Mar 2018 

March 26 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP ANNOUNCES PRICING OF $750 MILLION OF CITIZENS BANK, N.A. SENIOR NOTES.CITIZENS FINANCIAL GROUP INC - $750 MILLION NOTES CONSIST OF $500 MILLION 3.700% FIXED-RATE NOTES DUE 2023, $250 MILLION FLOATING-RATE NOTES DUE 2023.  Full Article

Citizens Financial Group Sees FY2018 Provision Expense $425 Mln - $475 Mln Vs. Underlying 2017‍​
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP SEES FY2018 PROVISION EXPENSE $425 MILLION - $475 MILLION VERSUS. UNDERLYING 2017‍​.CITIZENS FINANCIAL GROUP SAYS EXPECTS FY 2018 NET INTEREST INCOME GROWTH OF 7 TO 9 PERCENT VERSUS UNDERLYING FY 2017 ‍​- PRESENTATION SLIDES.CITIZENS FINANCIAL GROUP - EXPECTS IN FY2018, 4.5 PERCENT - 6 PERCENT NONINTEREST INCOME GROWTH VERSUS. UNDERLYING 2017‍​.CITIZENS FINANCIAL GROUP SAYS EXPECTS Q1 2018 NONINTEREST INCOME STABLE/UP MODESTLY VERSUS Q4 2017.CITIZENS FINANCIAL GROUP INC - ‍​EXPECT ABOUT 5 BASIS POINT IMPROVEMENT IN NET INTEREST MARGIN IN Q1 2018 VERSUS Q4 2017.  Full Article

Photo

Federal Reserve unveils proposal to ease regulations for larger banks

WASHINGTON The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses.