How Citizens Financial positioned itself to scoop up private bankers from First Republic [Yahoo! Finance]
Citizens Financial Group, Inc. (CFG)
Last citizens financial group, inc. earnings: 4/17 06:37 am
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US:NYSE Investor Relations:
investor.citizensbank.com/about-us/investor-relations.aspx
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Source: Yahoo! Finance
I've found that philosophy to be true, and I think Citizens Financial Group provides a tangible example. Citizens, headquartered in Providence, R.I., has $222 billion in assets as of Dec. 31, and is the 14th-largest bank in the U.S. I recently had a conversation with John F. Woods, vice chair and CFO at Citizens, for the latest edition of Fortune 's Future of Finance series. “For a number of years, one of our strategic objectives has been to be able to serve high-net-worth individuals,” he told me. “We did that a while back when we acquired a company called Clarfeld . That created capabilities to provide advice to the high-net-worth customer segments. But we had been unable to scale that platform because of the need to have enough bankers to interact with this customer segment. The opportunity arose when First Republic started to get into trouble last spring.” First Republic Bank was closed by the California Department of Financial Protection and Innovation on May 1, 2023, with
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News
- Citizens Financial Group, Inc. (NYSE: CFG) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating. They now have a $41.00 price target on the stock, up previously from $35.00.MarketBeat
- Don't Race Out To Buy Citizens Financial Group, Inc. (NYSE:CFG) Just Because It's Going Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Citizens Financial Group, Inc. (NYSE: CFG) had its price target raised by analysts at Argus from $36.00 to $39.00. They now have a "buy" rating on the stock.MarketBeat
- Citizens Financial Group (NYSE:CFG) Is Paying Out A Dividend Of $0.42 [Yahoo! Finance]Yahoo! Finance
- Citizens Financial Group, Inc. (NYSE: CFG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
CFG
Earnings
- 4/17/24 - Miss
CFG
Sec Filings
- 4/26/24 - Form 8-K
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- CFG's page on the SEC website