Financial Stocks Worth Chasing: Citizens Financial Group, Inc. (CFG), Synchrony Financial (SYF)

Citizens Financial Group, Inc. (CFG) ended last trading session with a change of -0.72 percent. It trades at an average volume of 4.8M shares versus 3.97M shares recorded at the end of last trading session. The share price of $37.37 is at a distance of 106.59 percent from its 52-week low and down -5.99 percent versus its peak. The company has a market cap of $19.08B and currently has 510.54M shares outstanding. The share price is currently -1.06 percent versus its SMA20, 1.89 percent versus its SMA50, and 32.38 percent versus its SMA200. The stock has a weekly performance of -2.35 percent and is 5.29 percent year-to-date as of the recent close.

On February 28, 2017 Citizens Financial Group, Inc. (CFG) announced the pricing of senior unsecured notes offerings by Citizens Bank, N.A. (the “Bank”) of $1.0 billion aggregate principal amount (collectively, the “Senior Notes”), consisting of:

• $700 million 2.250% fixed-rate notes due 2020
• $300 million floating-rate notes due 2020 with an interest rate of 3-month LIBOR plus 0.54%

The Senior Notes are being offered under the Bank’s $8.0 billion Global Bank Note Program. The offerings are expected to close on March 2, 2017, subject to customary closing conditions. The Bank intends to use the net proceeds of the Senior Notes offerings for general corporate purposes.

Synchrony Financial (SYF) recently recorded 0.06 percent change and currently at $36.03 is 56.98 percent away from its 52-week low and down -4.98 percent versus its peak. It has a past 5-day performance of 1.26 percent and trades at an average volume of 5.43M shares. The stock has a 1-month performance of -1.26 percent and is -0.3 percent year-to-date as of the recent close. There were about 820.8M shares outstanding which made its market cap $29.57B. The share price is currently -1.1 percent versus its SMA20, -0.74 percent versus its SMA50, and 16.74 percent versus its SMA200.

February 22, 2017 — CareCredit, a leading provider of promotional financing for healthcare, and NextCare Holdings, Inc, one of the nation’s largest providers of urgent care and occupational medical services, have signed an agreement that offers an additional payment option for NextCare patients and more ways and locations for CareCredit cardholders to use their card. CareCredit continues to expand acceptance of its healthcare credit card program, helping patients pay for deductibles, copayments, prescriptions and out-of-pocket costs associated with primary and urgent care, while also helping practices collect payment at the time of treatment.  For 30 years CareCredit, from Synchrony Financial (SYF), has helped millions of people pay for needed and desired care and health expenses.