Citizens Financial Group Trading Volume Surges 31% to $301 Million Ranking 383rd

On July 22, 2025, Citizens Financial Group (CFG) saw a significant increase in trading volume, with a turnover of $301 million, marking a 31% rise from the previous day. This surge placed CFG at the 383rd position in terms of trading volume for the day. The stock price of CFG rose by 1.09%, marking the second consecutive day of gains, with a total increase of 1.13% over the past two days.

Citizens Financial Group announced its plan to launch a new series of Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. The offering is subject to pricing, which has not yet been determined. The company intends to use the net proceeds from this offering to potentially redeem some or all outstanding shares of its 5.650% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F, which has a liquidation preference of $1,000 per share.

The redemption of the Series F Preferred Stock is contingent upon the successful pricing and closing of the new offering, as well as prevailing market conditions and other considerations. Citizens Financial Group has not guaranteed that the offering will be priced and closed, nor has it committed to redeeming the Series F Preferred Stock. Should the company decide to proceed with the redemption, it plans to announce its decision through a press release and an appropriate notice of redemption following the closing of the offering.

The details of the offering are outlined in the company's preliminary prospectus supplement dated July 22, 2025, which has been filed with the Securities and Exchange Commission. It is important to note that this announcement does not constitute an offer to sell the Series I Preferred Stock.