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The latest announcement is out from Citizens Financial (CFG).
Citizens Financial Group, Inc. disclosed a preliminary Stress Capital Buffer of 4.5% set by the Federal Reserve, effective from October 2024, following recent stress test results. Additionally, the company’s board has significantly expanded its common share buyback program to $1.25 billion, up by $656 million, bolstering shareholder value and demonstrating confidence in the company’s financial resilience and future performance.
For a thorough assessment of CFG stock, go to TipRanks’ Stock Analysis page.