Citizens Financial Group Inc
NYSE:CFG
During the last 3 months Citizens Financial Group Inc insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 8% over this period (open performance analysis).
The last transaction was made on
Jul 25, 2024
by
Read Craig Jack
(Chairman and Chief Executive Officer)
, who
sold
170.3k USD
worth of CFG shares.
During the last 3 months Citizens Financial Group Inc insiders have not bought any shares, and have not sold any shares. The stock price has dropped by 8% over this period (open performance analysis).
The last transaction was made on
Jul 25, 2024
by
Read Craig Jack
(Chairman and Chief Executive Officer)
, who
sold
170.3k USD
worth of CFG shares.
Citizens Financial Group Inc
Glance View
Founded in 1828, Citizens Financial Group Inc. has journeyed through the evolving landscape of American banking. Emerging from its historic roots in Providence, Rhode Island, the bank has steadily grown to become one of the largest financial institutions in the United States. It now operates a network of branches, extending its reach across New England and into the Midwest, facilitated by its strategic acquisitions and organic growth. This regional banking powerhouse offers a comprehensive suite of financial products and services, catering to the needs of both individual consumers and businesses. Its operations are structured around two main segments: Consumer Banking and Commercial Banking, each contributing significantly to the company's overall revenue. Citizens Financial Group derives its income primarily through the net interest margin, which is the difference between the interest income generated from its various lending activities and the interest paid to depositors. The Consumer Banking segment provides traditional banking services, including loans, deposits, and wealth management, primarily to retail customers. This segment thrives on lending, from mortgages to small personal loans, while also earning fees from credit card services and transaction-based activities. Meanwhile, the Commercial Banking arm serves middle market clients by offering loans, treasury solutions, and a range of corporate finance products. This diverse business mix not only cushions the company against economic fluctuations but also provides multiple avenues for growth and profitability. In this highly competitive sector, Citizens continues to focus on customer acquisition and digital innovation, aiming to enhance its service delivery and operational efficiency.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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