Citizens FinancialNYSE: CFG

Citizens Financial (CFG) expands share repurchase plan by $656 million following the stress test results. Given the company's solid balance sheet and decent liquidity profile, this seems sustainable.

The 2024 stress test results are due this Wednesday. So, banks - JPMorgan (JPM), Goldman (GS), Morgan Stanley (MS), Bank of America (BAC) and Citizens Financial Group (CFG) - are in the spotlight.

This year has been tough on regional bank stocks, with borrowing costs soaring and cutting into net interest income. Additionally, higher yields diminished older bonds' value and heightened internal credit risks — just ask the (now defunct) Silicon Valley Bank.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns a long-term rating of AA- to the Pennsylvania Turnpike Commission Turnpike Revenue Bonds, Series C of 2024. KBRA additionally affirms: The long-term rating of AA- for the Commission's outstanding Turnpike Revenue Bonds The long-term rating of A+ for the Commission's outstanding Turnpike Subordinate Revenue Bonds The long-term rating of AA- for the Commission's outstanding Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds The Outlook f.

Citizens Financial Group is a bank holding company providing banking services in 14 states. The business is profitable, well-managed with good liquidity and conservative lending practices. Additionally, its shares are trading below their book value, offering an appealing and secure dividend yield.

Citizens Financial Group is entering the investment-grade bond market on Thursday with a sale of fixed- and floating-rate senior notes, following the release of its first-quarter earnings the day before.

Citizens Financial's first-quarter earnings show a boost in non-interest income, but there are obstacles to overcome with decreased net interest income and increased provisions and expenses.

Citizens Financial Group, Inc. (NYSE: CFG) Q1 2024 Earnings Conference Call on April 17, 2024 at 9:00 AM ET. Company Participants include Kristin Silberberg, Bruce Van Saun, John Woods, Brendan Coughlin, and Don McCree. Conference Call Participants include Ryan Nash, Scott Siefers, John Pancari, Peter Winter, Ken Usdin, Matt O'Connor, Dave Rochester, David Konrad, Manan Gosalia. Operator: Good morning, and welcome to Citizens Financial Group's First Quarter Earnings Conference Call.

Bruce Van Saun, CEO of Citizens Financial Group, appears on 'Squawk on the Street' to talk about how he views the company's quarterly earnings, the sustainability of capital markets activity, and other topics.