BUZZ-Citizens Financial jumps as CEO upbeat on deals activity in 2025

Reuters12-11
BUZZ-Citizens Financial jumps as CEO upbeat on deals activity in 2025

** Shares of Citizens Financial Group CFG.N up 3.3% at $47.50

** "Our year-to-date capital markets, revenues are up close to 50% and the pipelines are strong and I think there's going to be even more deal activity next year," CEO Bruce Van Suan said in a Goldman Sachs U.S. Financial Service conference

** Bankers are hoping a strong 2025 for M&A activity after the U.S. elections and expectation from U.S. Federal Reserve's rate cuts to guide the economy to what investors hope will be a "soft landing"

** Banks are also likely to see a boost in investment banking fees earned off advising on deals with Trump's return to power due to looser anti-trust regulations, analysts have said

** Including session's move, stock is up 43.3% YTD

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment