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Citizens Financial Group Inc (CFG.N)

CFG.N on New York Stock Exchange

31.68USD
11 Dec 2018
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Latest Key Developments (Source: Significant Developments)

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

Citizens Financial Group Q4 Earnings Per Share $1.35
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. REPORTS FOURTH QUARTER NET INCOME OF $666 MILLION AND DILUTED EPS OF $1.35.Q4 EARNINGS PER SHARE $1.35.Q4 EARNINGS PER SHARE VIEW $0.67 -- THOMSON REUTERS I/B/E/S.CITIZENS FINANCIAL - Q4 RESULTS INCLUDED A $317 MILLION AFTER-TAX NET BENEFIT FROM NOTABLE ITEMS INCLUDING BENEFIT RELATED TO NET DEFERRED TAX LIABILITY.QTRLY ‍NET INTEREST INCOME OF $1.1 BILLION INCREASED $18 MILLION FROM Q3 LEVELS​ ‍.- ‍BOARD OF DIRECTORS DECLARED A 22% INCREASE IN ITS QUARTERLY CASH DIVIDEND TO $0.22 PER COMMON SHARE​.- QTRLY TOTAL REVENUE OF $1.5 BILLION INCREASED $121 MILLION, OR 9 PERCENT FROM LAST YEAR.Q4 REVENUE VIEW $1.45 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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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.