CFG shares fall, ending two-day streak as markets show mixed results

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CFG shares fall, ending two-day streak as markets show mixed results
Credit: © Reuters.

NEW YORK - Shares of Citizens Financial Group (NYSE: CFG ) declined 0.88% to $27.08 on Thursday, bringing an end to a two-day winning streak against a backdrop of mixed market movements. The S&P 500 edged up slightly by 0.12%, while the Dow Jones Industrial Average saw a modest drop of 0.13%.

The financial sector witnessed a subdued trading day with Citizens Financial Group's shares falling by 0.88%, closing at a price that was $17.74 below its February 3rd peak for the year. This performance was in line with broader sector movements, as notable banking institutions such as Wells Fargo (NYSE: WFC ), Citigroup, and UBS Group also experienced declines of 0.72%, 0.47%, and 0.08% respectively.

Trading volume for Citizens Financial Group stood at 4.8 million shares, which did not reach its fifty-day average trading volume of 5.7 million, signaling a quieter day on the market for CFG stock. The company's shares ended the day in contrast to the slight gains seen in the broader S&P index but mirrored the downward trend observed in the Dow Jones Industrial Average.

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