CFG Jul 2024 35.000 call
- Zacks
Citizens Financial (CFG) Declares SCB & Planned Capital Actions
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.
- Business Wire
Citizens Financial Group, Inc. Announces Preliminary Stress Capital Buffer and $656 million Increase in Share Repurchase Authorization to $1.25 billion
PROVIDENCE, R.I., June 28, 2024--Citizens Financial Group, Inc. (NYSE: CFG or the "Company") today announces the Board of Governors of the Federal Reserve System (the "Federal Reserve") has communicated to the Company its preliminary Stress Capital Buffer ("SCB") of 4.5%, effective October 1, 2024, following the release of the Federal Reserve’s DFAST stress test results on June 26, 2024.
- Yahoo Finance
Big banks pass Fed stress test as they fight stricter capital rules
The biggest US banks proved to the Fed they would all be able to withstand a severe global recession, demonstrating strength while they push regulators to adjust a set of proposed capital rules.
