Citizens Financial Group (CFG) Shares Soar 0.70% on Buyback Plan

Citizens Financial Group (CFG) shares surged 0.70% today, marking an eighth consecutive day of gains and a total increase of 10.61% over the past eight days. The stock price reached its highest level since March 2025, with an intraday gain of 1.62%.

The strategy of buying CFG shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -0.58%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for CFG.

Citizens Financial Group has recently announced a new share buyback plan, increasing it to $1.5 billion. This move underscores the company's confidence in its capital strength and could positively influence CFG's stock price. Buyback plans are often seen as a signal of management's confidence in the company's future prospects and can lead to increased shareholder value.

Additionally, there has been notable options trading activity in Citizens Financial Group, with a high volume of call options at the $47.50 strike expiring on July 18, 2025. The trading volume was significantly higher than the average daily trading volume, indicating increased investor interest and potential volatility in CFG's stock price leading up to the expiration date. This heightened activity suggests that investors are bullish on the company's near-term prospects, which could further drive the stock price higher.