Citizens Financial Group Inc (MEX:CFG)

MXN 856 0 (0%) Market Cap: 437.38 Bil Enterprise Value: 529.43 Bil PE Ratio: 18.96 PB Ratio: 0.94 GF Score: 66/100

Citizens Financial Group Inc at Sanford C Bernstein Strategic Decisions Conference (Virtual) Transcript

Jun 03, 2021 / 06:30PM GMT

Release Date Price: MXN997.06

Transcript

Brian D. Foran;Bruce Winfield Van Saun<

Autonomous Research LLP - Partner & US Regional Banks

Hi, everyone. Good afternoon. This is Brian Foran from Autonomous Research. We're delighted to have Citizens up for the next session.

In preparing for this, I went back and read the primer I had written when Citizens was an IPO or a spin out, and it was pretty remarkable. I mean, the crux of the paper was really, can Citizens grow again? It has been a long tale period of deleveraging, and that was really the big strategic question.

Just looking at some of the numbers since then, loans are up $30 billion round numbers and deposits are up $60 billion, which is effectively creating a pretty sizable regional bank from scratch organically. So I think they've answered the question at least over the long term. Citizens can grow again. And to talk about the outlook, we're delighted to have Bruce Van Saun, CEO, who, of course, has been leading the bank throughout that period.

So Bruce, thanks again for joining us this year. Always a pleasure to have you at the conference.

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