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Citizens Financial Group Inc  (NYSE: CFG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $41.3200 $0.87 2.151%
Day's High: $41.635 Week Perf: -0.19 %
Day's Low: $ 40.41 30 Day Perf: -0.96 %
Volume (M): 5,895 52 Wk High: $ 49.25
Volume (M$): $ 243,586 52 Wk Avg: $41.97
Open: $40.41 52 Wk Low: $32.60



 Market Capitalization (Millions $) 18,272
 Shares Outstanding (Millions) 442
 Employees 17,570
 Revenues (TTM) (Millions $) 7,116
 Net Income (TTM) (Millions $) 1,408
 Cash Flow (TTM) (Millions $) -58
 Capital Exp. (TTM) (Millions $) 126

Citizens Financial Group Inc
Citizens Financial Group Inc. Overview

Headquarters and Size:
Citizens Financial Group, Inc. based in Providence, Rhode Island, is one of the largest retail bank holding companies in the United States, ranking as the 13th largest. The organization is dedicated to meeting the financial needs of its diverse customer base, employing approximately 17,700 individuals.

Branch and Service Footprint:
Citizens operates around 1,200 branches spread across an 11-state footprint that primarily encompasses the New England, Mid-Atlantic, and Midwest regions. Its branch network serves approximately 30 million households and1 million businesses. The bank also has over 100 retail and commercial non-branch offices, located both within and adjacent to its main operational regions, facilitating broad access to its services.

Customer Base:
Citizens Financial Group serves over five million customers, which include individuals, institutions, and companies. Notably, around 70% of the bank's loans are extended to clients within its geographic footprint and the eight contiguous states where it maintains operations.

Subsidiaries:
The primary subsidiaries of Citizens Financial include:
- CBNA (Citizens Bank, National Association): A national banking association primarily regulated by the Office of the Comptroller of the Currency (OCC).
- CBPA (Citizens Bank of Pennsylvania): A Pennsylvania-chartered savings bank that is regulated by the Department of Banking of the Commonwealth of Pennsylvania and primarily supervised by the FDIC.

Banking Segments and Offerings

Citizens Financial Group provides a comprehensive array of banking services through two principal operating segments:

1. Consumer Banking: This segment focuses on individual clients, offering personal loans, mortgages, checking and savings accounts, credit cards, and investment services.

2. Commercial Banking: This segment addresses the banking needs of business clients, providing services such as lending, treasury management, and investment banking.

The bank emphasizes local delivery of its products and services, ensuring that customers have personalized banking experiences tailored to meet their unique needs.

Strategic Objectives

Citizens Financial Group aims to position itself as a top-performing bank delivering optimal banking experiences to all stakeholders. Key goals include:

- Financial Targets: The bank seeks to achieve a return on tangible common equity (ROTCE) ratio of greater than 10% along with an efficiency ratio in the 60% range.

- Customer-Centric Approach: By understanding customer needs, Citizens aims to become the preferred banking partner for its clients. Efforts focus on fostering strong customer relationships and utilizing high-quality balance sheets for sustainable growth.

Risk Management and Development Strategies

Citizens Financial Group recognizes the inherent risks in reaching its financial targets, particularly regarding market conditions and client behaviors. The bank urges stakeholders to understand the uncertainties involved and does not advocate placing undue reliance on financial forecasts.

Strategic Principles

To fulfill its objectives, Citizens adheres to strategic principles that include:

- Offering a differentiated customer experience through high-quality personnel and services.
- Building a trustworthy brand that promotes simplicity, clarity, and personal connection for consumer customers, along with thought leadership for commercial clients.
- Ensuring risk-adjusted returns through prudent capital and resource allocation.
- Maintaining a robust balance sheet with a clear risk appetite to ensure financial stability and liquidity.
- Promoting a balanced business mix between commercial and consumer banking services.
- Acting as a community leader, positively impacting the local communities and economies it serves.

Strategic Priorities and Initiatives

Citizens Financial Group has identified several strategic priorities supported by specific initiatives aimed at driving growth and profitability. Progress in these areas has been bolstered by the banks effective business model, strong management team, and a culture emphasizing accountability and risk management.

Conclusion

Citizens Financial Group Inc. stands out as a robust financial institution that continues to expand its offerings and enhance customer satisfaction while maintaining a commitment to community engagement and financial stewardship. Its focused strategy and dedication to maintaining a high-performance standard reflect its role as a key player in the U.S. banking landscape.


   Company Address: One Citizens Plaza Providence 2903 RI
   Company Phone Number: 900-6715   Stock Exchange / Ticker: NYSE CFG


Customers Net Income fell by CFG's Customers Net Profit Margin fell to

-27.55 %

8.96 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        4.18% 
FCNCA        0.22% 
FITB        2.92% 
MTB        3.15% 
NTRS        4.36% 
WAL   -1.91%    
• View Complete Report
   



Business Update

Citizens Financial Group Expands Footprint in Florida with $700 Million Advisory Team Investment

Published Wed, Jan 22 2025 8:41 AM UTC

In a strategic move aimed at bolstering its presence in the Sunshine State, Citizens Financial Group Inc. (NYSE: CFG) has announced a significant investment of $700 million to enhance its advisory services in Florida. This development underscores the bank?s commitment to supporting both individual and institutional clients in the region, while positioning itself as a competi...

Business Update

Citizens Financial Group Expands in Florida Amid Stock Performance Setbacks,

Published Tue, Jan 21 2025 9:10 PM UTC

Amid a challenging period reminiscent of turbulent financial waters, Citizens Financial Group, Inc. (NYSE: CFG) has embarked on a strategic voyage to deepen its stakes in Florida?s burgeoning wealth management scene, particularly targeting southern Florida?s affluent client base. The Rhode Island-headquartered financial juggernaut is buttressing its presence by integrating a...

Business Update

Recalculating Rates Citizens Financial Group Offers a Catalyst for Economic Revitalization with Prime Rate Adjustment...

Published Thu, Dec 19 2024 4:03 AM UTC

Citizens Financial Group: Lowering Prime Rates with an Eye on Economic Growth In the ever-fluid landscape of American finance, even minor alterations in prime rates can ripple through the economy, affecting everything from mortgage rates to the cost of small business loans. Today, Citizens Financial Group, Inc. (NYSE: CFG) has announced a significant move in this vein, revea...

Business Update

Trimming the Sails Citizens Financial Groups Prime Rate Adjustment Amid Economic Fluidity,

Published Fri, Nov 8 2024 2:52 AM UTC

Navigating Economic Currents: Citizens Financial Group Adjusts Prime Rate In an environment characterised by fluctuating economic signals and monetary policy adjustments, Citizens Financial Group, Inc. (NYSE: CFG) has announced a strategic move that highlights its responsiveness to the evolving financial landscape. Effective Friday, November 8, 2024, Citizens Bank, N.A. a su...

Business Update

Citizens Financial Group Expands Its Horizon in California A Strategic Move Amid Financial Challenges

Published Wed, Oct 2 2024 3:47 PM UTC

In a bold and strategic maneuver, Citizens Financial Group, Inc. has charted a new course for growth along the West Coast, underscoring its commitment to a robust service offering in the private banking sector. With the recent announcement of adding two new private banking offices in the Bay Area and welcoming a top private banking team from Southern California, Citizens is ...







Citizens Financial Group Inc's Segments
Other    -11 % of total Revenue
Consumer Banking    83.61 % of total Revenue
Commercial Banking    36.81 % of total Revenue
Service charges and fees    6.06 % of total Revenue
Service charges and fees Consumer Banking    4.15 % of total Revenue
Service charges and fees Commercial Banking    1.91 % of total Revenue
Card fees    4.49 % of total Revenue
Card fees Consumer Banking    3.76 % of total Revenue
Card fees Commercial Banking    0.73 % of total Revenue
Capital markets fees    5.33 % of total Revenue
Capital markets fees Commercial Banking    5.33 % of total Revenue
Wealth fees    4.55 % of total Revenue
Wealth fees Consumer Banking    4.55 % of total Revenue
Other banking fees    0.17 % of total Revenue
Other banking fees Consumer Banking    0.06 % of total Revenue
Other banking fees Commercial Banking    0.11 % of total Revenue
Non-Core    -0.84 % of total Revenue





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