Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, National Association that provides retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking. The Consumer Banking segment offers traditional banking products and services, including checking and savings accounts, home and education loans, credit cards, business loans, mortgage and home equity lending, and unsecured product finance and personal loans, as well as wealth management and investment services to retail customers and small businesses. This segment also provides indirect auto finance for new and used vehicles through auto dealerships. The Commercial Banking segment offers various financial products and solutions, such as loans and leasing, trade finance, deposit and treasury management, cash management, and foreign exchange and interest rate risk management solutions; and loan syndications, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. It serves government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity, and sponsor finance industries. Citizens Financial Group, Inc. operates approximately 2,700 ATMs and 1,000 branches in 11 states in the New England, Mid-Atlantic, and Midwest regions, as well as through online, telephone, and mobile banking services; and maintains approximately 130 retail and commercial non-branch offices. The company was formerly known as RBS Citizens Financial Group, Inc. and changed its name to Citizens Financial Group, Inc. in April 2014. Citizens Financial Group, Inc. was founded in 1828 and is headquartered in Providence, Rhode Island.
IPO Year: 2014
Exchange: NYSE
Website: citizensbank.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/18/2024 | $55.00 | Mkt Perform → Strong Buy | Raymond James |
| 7/11/2024 | Mkt Perform | Raymond James | |
| 4/26/2024 | $35.00 → $41.00 | Neutral → Overweight | Piper Sandler |
| 2/5/2024 | $36.00 | Neutral → Buy | Citigroup |
| 1/2/2024 | $38.00 → $40.00 | Overweight → Equal Weight | Barclays |
| 12/4/2023 | $31.00 | Overweight → Equal-Weight | Morgan Stanley |
| 10/25/2023 | $29.00 → $26.00 | Overweight → Neutral | Piper Sandler |
| 10/23/2023 | Underperform → Peer Perform | Wolfe Research | |
| 7/10/2023 | $32.00 → $29.00 | Outperform → In-line | Evercore ISI |
| 6/29/2023 | $29.00 → $27.00 | Overweight → Neutral | JP Morgan |
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Raymond James upgraded Citizens Financial Group from Mkt Perform to Strong Buy and set a new price target of $55.00
Raymond James initiated coverage of Citizens Financial Group with a rating of Mkt Perform
Piper Sandler upgraded Citizens Financial Group from Neutral to Overweight and set a new price target of $41.00 from $35.00 previously
Citigroup upgraded Citizens Financial Group from Neutral to Buy and set a new price target of $36.00
Barclays downgraded Citizens Financial Group from Overweight to Equal Weight and set a new price target of $40.00 from $38.00 previously
Morgan Stanley downgraded Citizens Financial Group from Overweight to Equal-Weight and set a new price target of $31.00
Piper Sandler downgraded Citizens Financial Group from Overweight to Neutral and set a new price target of $26.00 from $29.00 previously
Wolfe Research upgraded Citizens Financial Group from Underperform to Peer Perform
Evercore ISI downgraded Citizens Financial Group from Outperform to In-line and set a new price target of $29.00 from $32.00 previously
JP Morgan downgraded Citizens Financial Group from Overweight to Neutral and set a new price target of $27.00 from $29.00 previously
Citizens Financial Group, Inc. (NYSE:CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on July 7, 2025, to preferred shareholders of record at the close of business on June 20, 2025: a quarterly cash dividend of $19.08295278 per share on CFG's 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0); a quarterly cash dividend of $19.47223056 per share on CFG's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUSIP No. 174610AQ8); a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th interest i
Citizens Financial Group, Inc. (NYSE:CFG) today reported first quarter financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. "We were pleased with our execution in Q1 as we delivered financial results in line with our expectations, as well as strong progress on our strategic initiatives like the Private Bank/Private Wealth buildout," said Chairman and CEO Bruce Van Saun. "We struck an agreement to sell our purchased student loan portfol
As previously announced, Citizens Financial Group, Inc. (NYSE:CFG) will report its first quarter 2025 earnings on April 16, 2025. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows: Time: 8:00 am (ET) Dial-in: To ask a question on the call, individuals may call in by dialing 800-369-1703, conference ID 1679767. For the listen only line, individuals may call in by dialing 800-475-8432, conference ID 7623330 Webcast/Presentation: The live webcast will be available at http://investor.citizensbank.com under Events & Presentati
Citizens Financial Group, Inc. (NYSE:CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on April 7, 2025, to preferred shareholders of record at the close of business on March 21, 2025: a quarterly cash dividend of $19.11166833 per share on CFG's 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0); a quarterly cash dividend of $19.50094611 per share on CFG's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUSIP No. 174610AQ8); a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th inter
Underlying Net Income of $412 million and EPS of $0.85 CET1 ratio of 10.8%; LDR 79.6% 2024 Net Income of $1.5 billion and EPS of $3.03; Underlying EPS of $3.24 Citizens Financial Group, Inc. (NYSE:CFG) today reported fourth quarter and full year 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. "We were pleased to post solid performance in Q4 given strong execution of our key initiatives and nice improvement in our net i
As previously announced, Citizens Financial Group, Inc. (NYSE:CFG) will report its fourth quarter and full year 2024 earnings on January 17, 2025. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows: Time: 9:00 am (ET) Dial-in: Individuals may call in by dialing 800-369-1703, conference ID 1679767 Webcast/Presentation: The live webcast will be available at http://investor.citizensbank.com under Events & Presentations. Replay Information: A replay of the conference call will be available b
Citizens Financial Group, Inc. (NYSE:CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on January 6, 2025, to preferred shareholders of record at the close of business on December 20, 2024: a quarterly cash dividend of $19.85400083 per share on CFG's 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0); a quarterly cash dividend of $20.24327861 per share on CFG's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUSIP No. 174610AQ8); a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th int
Citizens Financial Group, Inc. (NYSE:CFG) today announced plans to release 2026 quarterly financial results and host live conference calls on the following dates. First Quarter 2026 – Thursday, April 16, 2026 at 9 am ET Second Quarter 2026 – Thursday, July 16, 2026 at 9 am ET Third Quarter 2026 – Friday, October 16, 2026 at 9 am ET Fourth Quarter 2026 – Wednesday, January 20, 2027 at 9 am ET Dial-in information for these calls will be provided at a later date. News releases and supplemental materials will be available at https://investor.citizensbank.com. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial insti
Underlying Net Income of $392 million and EPS of $0.79 CET1 ratio of 10.6%; LDR 80.8% Citizens Financial Group, Inc. (NYSE:CFG) today reported third quarter 2024 financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. "We continue to be pleased with the strong execution of our key initiatives during the third quarter," said Chairman and CEO Bruce Van Saun. "Our Private Bank reached $5.6 billion in deposits and $4.1 billion in AUM, our N
Citizens Financial Group (NYSE:CFG) today announced that it has changed the date and time of its second quarter 2025 conference call to discuss its financial results to 10:00 a.m. Eastern Time (ET) on Thursday, July 17, 2025. Citizens Financial Group will issue a press release reporting its results at approximately 6:20 a.m. ET. The news release will be available at http://investor.citizensbank.com. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $219.9 billion in assets as of June 30, 2024. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking pro
Citizens Financial Group, Inc. (NYSE:CFG) announced today that Chairman and Chief Executive Officer Bruce Van Saun will participate in the Bernstein 41st Annual Strategic Decisions Conference 2025 to be held on Friday, May 30, 2025 at 9:00 am ET. The live webcast will be available at https://investor.citizensbank.com under Events & Presentations. About Citizens Financial Group, Inc. Citizens Financial Group, Inc. is one of the nation's oldest and largest financial institutions, with $220.1 billion in assets as of March 31, 2025. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses,
Citizens Financial Group, Inc. (NYSE:CFG) announced that its board of directors has declared the following dividends on its preferred stock payable on July 7, 2025, to preferred shareholders of record at the close of business on June 20, 2025: a quarterly cash dividend of $19.08295278 per share on CFG's 6.000% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series B (CUSIP No. 174610AP0); a quarterly cash dividend of $19.47223056 per share on CFG's 6.375% Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (CUSIP No. 174610AQ8); a quarterly cash dividend of $12.50 per share ($0.3125 per each depositary share, each representing a 1/40th interest i
Chief Financial Officer John Woods to Leave Citizens Citizens Financial Group, Inc. (NYSE:CFG) today announced that Brendan Coughlin, currently Vice Chair and Head of Consumer, Private Banking and Wealth, has been promoted to President, reporting to Bruce Van Saun, Chairman and CEO. As President, Coughlin will continue to oversee Consumer Banking, Citizens Private Bank, and Wealth, in addition to a recently broadened scope which includes Enterprise Data & Analytics and Marketing. "Brendan has a long track record of strong leadership and execution against some of our most important initiatives, and he has earned the trust and respect of our stakeholders, including the Board and our colleag
Index remains expansionary, though signs point to cooling momentum The national Citizens Business Conditions Index™ (CBCI) held steady at 50.9 in the first quarter of 2025. The reading is generally consistent with the 4Q24 level of 51.0, suggesting that business conditions remained positive to start the year despite growing macroeconomic uncertainty throughout the period. Solid corporate revenue trends were the main driver of the positive momentum. Citizens' proprietary data showed continued revenue growth across most industries and geographies, with the Energy and Utilities sectors standing out as notable exceptions. "Business leaders entered 2025 optimistic about the year ahead," said
Citizens Financial Group, Inc. (NYSE:CFG) today reported first quarter financial results. The earnings press release, investor presentation, and financial supplement are available at http://investor.citizensbank.com. In addition, these materials will be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at www.sec.gov. "We were pleased with our execution in Q1 as we delivered financial results in line with our expectations, as well as strong progress on our strategic initiatives like the Private Bank/Private Wealth buildout," said Chairman and CEO Bruce Van Saun. "We struck an agreement to sell our purchased student loan portfol
McKinsey veteran will join bank's Executive Committee Citizens Financial Group, Inc. (NYSE:CFG) today announced that Azra Pravdic has been named head of Enterprise Strategy, effective May 12. Azra will report to John Woods, Vice Chair and Chief Financial Officer, and to Bruce Van Saun, Chairman and Chief Executive Officer. She will sit on the bank's Executive Committee and will oversee a broad portfolio that includes strategy, corporate development, customer experience, innovation, sustainability, and agile operating model. "Azra brings a wealth of experience in building out innovative corporate growth strategies, while ensuring the needs of the customer are at the forefront," said Bruce
Through Citizens Money Essentials program, the bank provides funding and volunteer assistance to support students, individuals, and small business owners To kick off April's Financial Literacy Month, Citizens today announced $2.6 million in financial education grants and ongoing volunteer support to bolster programs that help students, individuals, and small business owners build the knowledge and confidence to own their financial futures. Support includes funding for the bank's national financial education partners Junior Achievement (JA) and Council for Economic Education (CEE) as well as 132 local nonprofits across the communities the bank serves. Additionally, it includes volunteer ass
While heightened economic uncertainty is putting pressure on traditional business models, organizations that create the right combination of leadership, vision, culture and innovation can successfully drive transformation and position themselves well for the future, remarked Bruce Van Saun, Chairman and Chief Executive Officer of Citizens Financial Group, in a keynote address at The City Club of Cleveland. Van Saun provided attendees at The City Club's March 27 Speakers Forum with a roadmap to navigate external challenges and confidently face the future, including staying focused on delivering for stakeholders and fostering a culture of innovation. He also gave valuable insights into the c
As previously announced, Citizens Financial Group, Inc. (NYSE:CFG) will report its first quarter 2025 earnings on April 16, 2025. The news release and supplemental materials will be available at http://investor.citizensbank.com. CFG management will host a live conference call that morning with details as follows: Time: 8:00 am (ET) Dial-in: To ask a question on the call, individuals may call in by dialing 800-369-1703, conference ID 1679767. For the listen only line, individuals may call in by dialing 800-475-8432, conference ID 7623330 Webcast/Presentation: The live webcast will be available at http://investor.citizensbank.com under Events & Presentati
New data from Citizens captures how middle market companies are responding to economic and policy headwinds into 2025 Middle market leaders are navigating uncertainty while poised to make key longer-term investments in technology, talent, and growth according to propriety research on the views of C-Suite executives released by Citizens today. "Business leaders came into the year with a generally upbeat feeling about the economy, and that sentiment remains, despite macroeconomic volatility," said Don McCree, senior vice chair and head of commercial banking, Citizens. "As businesses navigate an evolving market and regulatory backdrop, our experienced bankers stand ready to help clients anti
New Heads of Mortgage, Consumer Lending and Retail Banking bring deep experience to accelerate ongoing transformation and meet customers' evolving needs Citizens is pleased to announce the appointment of three key executives to accelerate the bank's ongoing transformation and commitment to deliver the best experience for customers. Raman Muralidharan has been appointed as the Head of Mortgage, and two accomplished senior executives have been promoted: Adam Boyd to Head of Lending and Nuno Dos Santos to Head of Retail Banking. These leadership appointments will bolster Citizens' growth plans while enhancing its relationship-based banking model. "The appointment of three highly experience
Citizens Financial Group, Inc. (NYSE:CFG) today announced the appointment of Claude E. Wade to the company's Board of Directors, effective March 1, 2025. Wade's appointment will temporarily expand the Citizens Board to 14 directors. He will serve on the Board's Risk Committee. Wade, who has over 30 years of operational, strategy and innovation roles, primarily with Fortune 100 companies, serves as executive vice president, Chief Digital Officer and Global Head of Business Operations and Global Head of Claims at AIG, overseeing its business operations, claims, data, innovation and digital teams. Prior to joining AIG in 2021, he served as BlackRock's Global Head of Client Experience and Head
Today, Citizens Financial Group (NYSE:CFG) announced that it has appointed Christopher Schnirel as Controller and Chief Accounting Officer, effective October 21, 2024. "We are pleased to welcome Chris to Citizens, where he will play a key role in maintaining a high standard of excellence in financial reporting and controls as well as supporting our strategic agenda," said John Woods, Vice Chair and Chief Financial Officer. "He brings great expertise and over 20 years of strong leadership experience in financial services." Schnirel, most recently was the Senior Vice President and Assistant Controller at Huntington Bancshares Inc., where he led SEC reporting, regulatory reporting, accountin
Citizens Financial Group, Inc. (NYSE:CFG) today announced that Don McCree, Head of Commercial Banking, has been appointed as Senior Vice Chair of Citizens. Chairman and CEO Bruce Van Saun commented: "This appointment recognizes Don's strong performance and leadership since 2015 in driving the successful buildout of our Commercial Bank and instilling a strong customer-focused, collaborative culture at Citizens. He has been a true enterprise leader, active in our Business Resource Groups, in helping with the startup Private Bank effort, and in mentoring our next-level leadership." As Head of Commercial Banking, McCree is responsible for all aspects of Corporate and Investment Banking, inc
Citizens Financial Group, Inc. (NYSE:CFG) today announced the appointment of Tracy A. Atkinson to the company's Board of Directors, effective March 1, 2024. Atkinson's appointment will temporarily expand the Citizens Board to 14 directors. She will serve on the Board's Audit Committee. Atkinson most recently served as an executive vice president of State Street Corporation, having held a number of senior finance and risk management roles including chief administrative officer, chief compliance officer and head of operational risk, and treasurer. "We are pleased to welcome Tracy to our board of directors," said Chairman and Chief Executive Officer Bruce Van Saun. "She brings deep financial
Citizens Financial Group, Inc. (NYSE:CFG) today announced that Brendan Goode will assume the role of Chief Security Officer, effective April 29, 2024. Upon assuming the CSO role, Goode will report to Michael Ruttledge, CIO and Head of Enterprise Technology & Security. He will succeed Holly Ridgeway, who will retire from Citizens at the end of June. "Brendan is a highly skilled security executive whose extensive experience and innovative insights in security, operational resilience, and fraud will enable him to provide strong and effective leadership to protect the bank and improve service for our customers," said Michael Ruttledge, Chief Information Officer and Head of Enterprise Technolo
Citizens Financial Group, Inc. (NYSE:CFG) today announced the appointment of Susan deTray as Head of Citizens Private Bank. In this new role, she will lead the bank's private banking growth strategy and partner closely across the enterprise to propel growth in Wealth Management, Business Banking and Commercial Banking. The Citizens Private Bank has multiple teams in Boston, New York, Palm Beach, Fla. and San Francisco. She will report directly to Brendan Coughlin, Vice Chairman and Head of Consumer Banking. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230724527960/en/Citizens Financial Group today announced the appointment of
Citizens Financial Group, Inc. (NYSE:CFG) today announced the appointment of Taira Hall as Head of Enterprise Payments effective today. Hall will report to Beth Johnson, Vice Chair and Chief Experience Officer at Citizens. Hall most recently served as Senior Vice President of Embedded Finance, B2B & Strategic Innovation Executive at FIS. Previously Hall held executive leadership roles at Visa and Citigroup focused on developing and deploying market-leading global solutions. She has a proven track record of building new business lines in high growth areas, and has expertise in fintech, embedded finance and B2B payments. Throughout her career she has focused on digital transformation, enhan
Citizens Financial Group, Inc. (NYSE:CFG) today announced that Brendan Coughlin, Head of Consumer Banking, and Beth Johnson, Chief Experience Officer and Head of ESG, have been named Vice Chairmen. They join Don McCree, Head of Commercial Banking, and John Woods, Chief Financial Officer, as Vice Chairmen of Citizens. Chairman and CEO Bruce Van Saun commented: "Brendan and Beth have both been pivotal to the strong execution of our transformation and growth plans since our IPO. They continue to provide strong leadership, guiding our business with passion and the utmost commitment to excellence in the service of our customers. We are pleased to recognize their importance and contributions to
Citizens Financial Group, Inc. (NYSE:CFG) announced today the appointment of Polly N. Klane as General Counsel and Chief Legal Officer, effective April 4. Klane joins Citizens from Capital One Financial Corp., where she most recently has served as Senior Vice President and Deputy General Counsel. She will report to Chairman and Chief Executive Officer Bruce Van Saun and will be a member of the Citizens Executive Committee. Klane has more than 25 years of legal experience including with large, publicly traded financial services organizations and leading law firms. At Capital One she managed legal teams responsible for corporate transactions, corporate governance, securities, commercial bank
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