Previous close | 0.6500 |
Open | 0.6500 |
Bid | 0.1000 |
Ask | 0.7500 |
Strike | 22.50 |
Expiry date | 2025-01-17 |
Day's range | 0.6500 - 0.6500 |
Contract range | N/A |
Volume | |
Open interest | 516 |
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.
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.
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.