Citizens Financial Group Buyback
OLI recorded this information on 3/11/2015
Company:
Citizens Financial Group
Buyback:
CFG buyback
$Amount Authorized:
$500,000,000
Buyback Details:
Citizens' 2015 Capital Plan was designed to ensure a strong capital position, provide adequate returns to its shareholders, and normalize its capital structure and includes a proposed quarterly dividend rate of $0.10 per share, or $0.40 per share on an annualized basis, for 2015, subject to consideration and approval by the Company's Board of Directors. The plan also includes capital distributions of $500 million over the course of 2015 in the form of share repurchase transactions funded by preferred stock and subordinated debt issuances.
Citizens Financial Group is a bank holding company and a financial holding company. Through its banking subsidiary, Citizens Bank, National Association, Co. manages its business through two business segments: Consumer Banking, which provides deposit products, mortgage and home equity lending, credit cards, business loans, wealth management and investment services; and Commercial Banking, which provides lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as syndicated loans, corporate finance, mergers and acquisitions, and debt and equity capital markets capabilities.
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Buy (2.89 out of 4) 21st percentile
(ranked lower than approx. 79% of all stocks covered)
Analysts' Target Price: CFG Stock Forecast Based on Zacks ABR data; powered by Xignite |