4 Reasons Citizens Financial Group Is Well Positioned in 2022
Since its spinoff from the Royal Bank of Scotland (now NatWest Group) in 2015, the $188 billion asset Citizens Financial Group (NYSE: CFG), based in Rhode Island, has been working to become a top-performing national bank.
And it has made some real progress over the last five years to improve its fundamental business, as well as diversify its revenue and offer some real differentiation from its peers. The hard work looks to be paying off. Here are four reasons Citizens is well positioned this year.
Most banks benefit when the Federal Reserve raises its benchmark overnight lending rate (the federal funds rate) because they tend to see more of their loan yields reprice higher with this rate than their deposit rates.
Source Fool.com
