Citizens Financial Group (CFG) Increases Share Buyback by $1.15B
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Citizens Financial Group, Inc. Announces $1.15 Billion Increase in Share Repurchase Authorization
February 17, 2023 6:35 AM ESTPROVIDENCE, R.I.--(BUSINESS WIRE)-- Citizens Financial Group, Inc. (NYSE: CFG or the Company) today announced that its board of directors has increased the capacity of the Companys common share repurchase program by an additional $1.15 billion. This is incremental to the $850 million of capacity remaining as of December 31, 2022 under the prior June 2022 authorization, of which $400 million will be utilized during first quarter 2023.
We are pleased to report that our board has approved a sizeable increase to our share repurchase authorization, said John Woods, Vice Chairman and Chief Financial Officer. With this increase in authorization, we continue to expect... More
