Brendan Williams ‘25 pitched Citizens Financial Group (NYSE: CFG) on March 24, 2025. Citizens Financial Group is a prominent retail bank headquartered in the northeastern United States, boasting over $220 billion in assets. The bank offers a comprehensive suite of financial products and services, catering to a diverse customer base that includes individuals, businesses, and institutions.
Brendan’s investment thesis emphasized several key factors supporting the potential for strong performance and stock appreciation. He highlighted Citizens’ ability to cross-sell products across its various business segments, leveraging its established customer relationships to drive revenue growth. Additionally, he pointed to the bank’s extensive and full-range product offerings, which provide competitive advantages in both consumer and commercial banking. Another crucial element of his thesis was Citizens’ ongoing regional expansion efforts, which position the company for increased market share and revenue diversification. Lastly, Brendan identified strong industry tailwinds, including a favorable interest rate environment and macroeconomic conditions that could benefit the banking sector as a whole.
SMIF voted to purchase approximately $84,000 of CFG, funded through the partial sale of AXP and cash.
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