Key Takeaway: Citizens Bank does not offer a stock investing app that is natively integrated into its online banking platform. This means that customers will need to sign up to a FINRA-licensed stock broker and deposit USD from their Citizens Bank account to invest in stocks & ETFs.
If you are looking to get started quickly, we recommend a trusted multi-asset broker like eToro that gives investors access to thousands of Stocks, ETFs, Commodities and even cryptocurrencies.
How to Buy Stocks with First Citizens Bank
The best way to invest in stocks and other securities with a Citizens Bank account is through a stock broker that is licensed by the Financial Industry Regulatory Authority. With this method, investors can deposit US Dollars (USD) via an ACH Transfer from their Citizens Bank account to invest in financial assets.
You can get started in 4 simple steps with a trusted platform like eToro:
- Create Account: Register to the eToro trading platform.
- Deposit USD: Find the Deposit Funds button and transfer USD from your Citizens Bank account.
- Find Asset: Find the Stock, ETF, or another asset you want to buy on the eToro platform.
- Buy Stock: Input the USD amount you want to invest and execute your trade.
Can I buy Citizens Bank Stocks?
Yes, Citizens Bank is a publicly listed company on the New York Stock Exchange under the ticker Citizens Financial Group Inc (NYSE: CFG). As such, you can use a Citizens Bank account to invest in the company by signing up with an online broker and following the steps above.
The bank is well-regarded by value investors that track bank stocks with a relatively low PE Ratio of 9.49 and a forward dividend yield of 4.56%.
Best Citizens Bank (CFG) ETFs
The following exchange-traded funds (ETFs) offer broad exposure to Citizens Financial Group Inc if you are looking to get diversified bank exposure:
- iShares US Regional Banks ETF (IAT)
- SPDR S&P Regional Banking ETF (KRE)
- VanEck Vectors Regional Bank ETF (KRU)
- Invesco KBW Bank ETF (KBWB)
- First Trust Nasdaq Bank ETF (FTXO)
These are just a few of the dozens of exchange-traded funds that offer exposure to bank stocks including Citizens Financial Group Inc.
About Citizens Bank
Citizens Bank is one of the oldest and largest banks in the United States. Founded in 1812, it has over $200 billion in assets and operates in more than 1,200 branches across 27 states. It offers a full range of banking products and services, including savings and checking accounts, loans, and credit cards. It also has a strong online and mobile presence, with an easy-to-use app and website that offer 24/7 access to account information and banking services.
The bank has a long history of serving the needs of its customers and communities. It was one of the first banks to offer free checking accounts and ATM cards to its customers. It also pioneered online banking and was one of the first banks to offer mobile banking. Today, it continues to innovate, with new products and services that make it easier for customers to manage their finances and reach their financial goals.
First Citizens Bank is a trusted name in banking, and its customer service is top-notch. If you're looking for a bank that offers a full range of products and services, convenient access, and great customer service, Citizens Bank is a good option.