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Citizens Financial completes $400 million subordinated notes offering

Story Highlights
  • Citizens Financial completed a $400 million subordinated note offering on January 29, 2026.
  • The notes’ proceeds will fund broad corporate purposes, bolstering capital flexibility and strategy execution.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Citizens Financial completes $400 million subordinated notes offering

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Citizens Financial ( (CFG) ) has issued an announcement.

On January 29, 2026, Citizens Financial Group, Inc. completed a $400 million offering of 5.299% Fixed-Reset Subordinated Notes due 2036, issued under its existing indenture with The Bank of New York Mellon as trustee and sold through a syndicate led by major investment banks including Citigroup, Goldman Sachs, Morgan Stanley, TD Securities and Citizens JMP Securities. The notes pay a fixed 5.299% coupon until January 29, 2031, after which the rate resets every five years to the Five-Year U.S. Treasury Rate plus 1.450%, and the bank plans to use the net proceeds for general corporate purposes such as share repurchases, dividends, debt repayment, subsidiary financing and potential acquisitions, underscoring an effort to optimize its capital structure and maintain financial flexibility for strategic initiatives.

The most recent analyst rating on (CFG) stock is a Buy with a $71.00 price target. To see the full list of analyst forecasts on Citizens Financial stock, see the CFG Stock Forecast page.

Spark’s Take on CFG Stock

According to Spark, TipRanks’ AI Analyst, CFG is a Outperform.

The score is driven primarily by solid financial performance (strong margins, improving leverage, and strong free-cash-flow metrics) and a notably positive earnings-call outlook with strong 2026 growth and operating-leverage guidance plus meaningful planned buybacks. Technicals support the uptrend, but an elevated RSI signals the stock may be somewhat extended. Valuation is reasonable rather than clearly cheap, keeping the overall score in the mid-70s.

To see Spark’s full report on CFG stock, click here.

More about Citizens Financial

Citizens Financial Group, Inc. is a U.S.-based financial services company operating in the banking industry, providing a range of retail and commercial banking products and services, including lending, deposit accounts and capital markets solutions, with funding activities that support general corporate purposes and capital management initiatives.

Average Trading Volume: 4,687,815

Technical Sentiment Signal: Buy

Current Market Cap: $27.24B

For detailed information about CFG stock, go to TipRanks’ Stock Analysis page.

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