Citizens Financial Group Inc at RBC Capital Markets Financial Institutions Conference (Virtual) Transcript

Mar 08, 2022 / 03:00PM GMT
Gerard Sean Cassidy - RBC Capital Markets, Research Division - MD, Head of U.S. Bank Equity Strategy & Large Cap Bank Analyst

Good morning. Thank you for joining us for our fireside chat with Citizens Financial Group. I'm Gerard Cassidy from RBC Capital Markets. And with me today is Don McCree, who heads up -- he's Chairman of the Commercial Banking Division of Citizens Financial Group. As many of you probably know, Citizens is one of our largest regional banks, is the 13th largest bank in the United States with about $188 billion in total assets. The company has a market cap of approximately $19 billion and the stock trades at a slight discount to stated book value and has (technical difficulty) now of just about over 3%. As I mentioned, Don McCree is with us today, and he has joined Citizens back in 2015, and his responsibilities include the entire commercial and corporate banking division of Citizens.

He joined them from JPMorgan Chase, where he spent over 30 years of his career with JPMorgan Chase. And so with that, Don, thank you so much for joining us today.

Donald H.

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