Fin Stocks Overview – Citizens Financial Group Inc (CFG), Annaly Capital Management, Inc. (NLY)
Shares of Citizens Financial Group Inc (NYSE:CFG) ended Thursday session in green amid volatile trading. The shares closed up +0.12 points or 0.47% at $25.69 with 3.92 million shares getting traded. Post opening the session at $25.59, the shares hit an intraday low of $25.33 and an intraday high of $25.79 and the price vacillated in this range throughout the day. The company has a market cap of $13.65 billion and the numbers of outstanding shares have been calculated to be 564.44 million shares.
Citizens Financial Group Inc (CFG) announced that Chief Financial Officer Eric Aboaf is departing to become CFO of State Street Corporation. Aboaf has been CFO since April 2015, and will work through his notice period until Dec. 16, 2016. Former Citizens Financial Group CFO John Fawcett, who retired in April 2015 after the Citizens initial public offering, will come out of retirement and serve as interim CFO, subject to regulatory approval, post Aboaf’s departure until a successor has been found.
Chairman and CEO Bruce Van Saun commented, “I’d like to thank Eric for his contributions while at Citizens. He has developed into a very good CFO and has made important contributions in managing our balance sheet, driving efficiency initiatives and working with our businesses on their strategy. He has an opportunity at State Street to substantially increase his compensation and gain new experiences at a large, global custody bank and we wish him well.”
Van Saun continued, “I am deeply grateful that John Fawcett has agreed to come out of retirement and become CFO on an interim basis. This will ensure that we maintain the strong momentum we have towards our goal of becoming a top-performing regional bank. We will conduct a thorough external search for the permanent CFO, and I am confident in our ability to attract top quality.”
Shares of Annaly Capital Management, Inc. (NYSE:NLY) ended Thursday session in red amid volatile trading. The shares closed down -0.09 points or -0.90% at $9.90. Post opening the session at $9.98, the shares hit an intraday low of $9.88 and an intraday high of $10.02 and the price vacillated in this range throughout the day. The company has a market cap of $9.82 billion and the numbers of outstanding shares have been calculated to be 1.02 billion shares.
The Board of Directors of Annaly Capital Management, Inc. (NYSE: NLY) declared an additional third quarter 2016 common stock cash dividend of $0.26413 per common share. This dividend is payable October 31, 2016, to common shareholders of record on September 30, 2016. The ex-dividend date is September 28, 2016.