Goldman Sachs Group Inc. GS -1.53% has delivered on its financial promises. Investors remain unimpressed. When the bank updated its corporate strategy in a January 2020 presentation to investors, it set new goals for how profitably it uses shareholder money. Goldman said it would target a return on equity of 13% to 14% within the … Read more
Bigger is better in banking — and Citizens Financial Group has been taking steps that should allow it to play with the bigger boys. Its stock looks like a winner. These days, it’s almost impossible for a bank to succeed without the scale to provide more than just loans and accounts to their clients. They … Read more
Citizens Financial Group Inc. launched its Citizens Pay iPhone upgrade plan in 2015 as an early form of the buy-now-pay-later concept that’s in vogue in the payments space. The idea was to take the Citizens CFG, -1.17% brand as a credit provider and combine it with Apple’s AAPL, + 2.67% iPhone to help customers avoid … Read more