BUZZ-Citizens Financial jumps as CEO upbeat on deals activity in 2025

Reuters
2024-12-11
BUZZ-Citizens Financial jumps as CEO upbeat on deals activity in 2025

** Shares of Citizens Financial Group CFG.N up 3.3% at $47.50

** "Our year-to-date capital markets, revenues are up close to 50% and the pipelines are strong and I think there's going to be even more deal activity next year," CEO Bruce Van Suan said in a Goldman Sachs U.S. Financial Service conference

** Bankers are hoping a strong 2025 for M&A activity after the U.S. elections and expectation from U.S. Federal Reserve's rate cuts to guide the economy to what investors hope will be a "soft landing"

** Banks are also likely to see a boost in investment banking fees earned off advising on deals with Trump's return to power due to looser anti-trust regulations, analysts have said

** Including session's move, stock is up 43.3% YTD

(Reporting by Jaiveer Singh Shekhawat in Bengaluru)

((JaiveerSingh.Shekhawat@thomsonreuters.com))

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