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Citizens Financial Group Inc (CFG.N)

CFG.N on New York Stock Exchange

32.30USD
20 Aug 2019
Change (% chg)

$-0.65 (-1.97%)
Prev Close
$32.95
Open
$32.73
Day's High
$32.77
Day's Low
$32.27
Volume
910,417
Avg. Vol
1,092,481
52-wk High
$41.76
52-wk Low
$27.63

Latest Key Developments (Source: Significant Developments)

Citizens Financial Group Reports Q2 Earnings Per Share Of $0.95
Friday, 19 Jul 2019 

July 19 (Reuters) - Citizens Financial Group Inc ::CITIZENS FINANCIAL GROUP, INC. REPORTS SECOND QUARTER NET INCOME OF $453 MILLION AND EPS OF $0.95.Q2 EARNINGS PER SHARE $0.95.Q2 EARNINGS PER SHARE ESTIMATE $0.94 -- REFINITIV IBES DATA.RAISED Q3 2019 COMMON DIVIDEND 13% TO $0.36 PER SHARE.RAISED Q3 2019 COMMON DIVIDEND 13% TO $0.36 PER SHARE.QTRLY UNDERLYING NET INCOME OF $458 MILLION UP 8%.QTRLY NET INTEREST INCOME OF $1.2 BILLION, INCREASED $6 MILLION FROM PRIOR QUARTER.CITIZENS FINANCIAL GROUP - 2019 CAPITAL PLAN INCLUDES ABILITY TO REPURCHASE UP TO $1.275 BILLION OF CO'S COMMON STOCK BEGINNING Q3 AND ENDING IN Q2 2020.  Full Article

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
Tuesday, 23 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
Friday, 29 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
Tuesday, 27 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