Citizens Financial Group announced an agreement to acquire substantially all assets of Matrix Capital Markets Group, a Virginia-based advisory firm specializing in energy and convenience retail businesses. Matrix will operate as a division of Citizens JMP Securities LLC, with the transaction expected to close in Q1 2026. The acquisition aims to enhance Citizens' commercial banking capabilities and expand tailored services. JPMorgan raised its price target on Citizens Financial to $71 from $62.50 while maintaining an Overweight rating. Evercore ISI analyst John Pancari reaffirmed an Outperform rating and raised his price target from $69 to $77. As of the reporting date, Citizens Financial stock was trading at $65.3, near the top of its 52-week range. The company reported total assets of $226.4 billion and total deposits of $183.3 billion as of December 31, 2025.
Read full analysisCitizens Financial Group announced an agreement to acquire substantially all assets of Matrix Capital Markets Group, a Virginia-based advisory firm specializing in energy and convenience retail businesses. Matrix will operate as a division of Citizens JMP Securities LLC, with the transaction expected to close in Q1 2026. The acquisition aims to enhance Citizens' commercial banking capabilities and expand tailored services. JPMorgan raised its price target on Citizens Financial to $71 from $62.50 while maintaining an Overweight rating. Evercore ISI analyst John Pancari reaffirmed an Outperform rating and raised his price target from $69 to $77. As of the reporting date, Citizens Financial stock was trading at $65.3, near the top of its 52-week range. The company reported total assets of $226.4 billion and total deposits of $183.3 billion as of December 31, 2025.
Citizens Financial Group is a major U.S. regional bank holding company with $226.4 billion in total assets and $183.3 billion in deposits, providing retail and commercial banking services to individuals and businesses. The stock surged 7% on strong Q4 2025 earnings in January and has drawn constructive analyst coverage, with JPMorgan and Evercore ISI recently raising price targets. Today's announced acquisition of Matrix Capital Markets Group aims to bolster its advisory capabilities in the energy and convenience retail sectors.