Citizens

Company history

Citizens traces its origins to High Street Bank, founded in Providence in 1828. Royal Bank of Scotland owned it from 1988 until a 2014 New York Stock Exchange IPO and full separation in 2015. In November 2021 Citizens acquired JMP Group, a San Francisco investment bank founded in 1999 by former Montgomery Securities professionals, for about $149 million; JMP Securities became Citizens JMP Securities.

1. 1828High Street Bank founded in Providence, Rhode Island
2. 1988Acquired by Royal Bank of Scotland
3. 1999JMP founded in San Francisco
4. 2014Citizens Financial Group lists on the NYSE
5. 2015Fully separated from Royal Bank of Scotland
6. 2021Acquires JMP Group for about $149 million

Research

Citizens covers more than 400 publicly traded companies across seven focus industries (technology, healthcare, financial services, real estate, consumer, industrials and digital infrastructure) for US institutional clients as of 2026. It keeps JMP's Market Outperform, Market Perform and Market Underperform labels; its disclosures define buy, neutral and sell categories by forecast 12-month total return, with buy at +10% or more and sell at -10% or worse.

Coverage12M

Stocks

330

Ratings

712

Price targets

0

Upgrades

36

Downgrades

43

Initiations

0

Reiterations

633

Activity24M

Most covered24M

Stock	Rating	Target	Actions	Last action
AMZNAmazon.com, Inc.	Market Outperform	—	9	Jul 31
FLUTFlutter Entertainment plc	Market Outperform	—	9	Jul 8
HOODRobinhood Markets, Inc.	Market Outperform	—	8	Sep 11
MIRMMirum Pharmaceuticals, Inc.	Market Outperform	—	8	Aug 27
CRMSalesforce, Inc.	Market Outperform	—	7	Sep 18
CRNXCrinetics Pharmaceuticals, Inc.	Market Outperform	—	7	Jun 11
DKNGDraftKings Inc.	Market Outperform	—	7	Sep 8
GOOGLAlphabet Inc.	Market Outperform	—	7	Jul 22
HGHamilton Insurance Group, Ltd.	Market Outperform	—	7	Aug 7
ROKURoku, Inc.	Market Perform	—	7	Jun 16

Recent actions

Stock	Rating action	Rating	Date
RSRush Street Interactive, Inc.RSI	Reiterate	Market Outperform	Sep 22
Paramount Skydance Corporation Class B Common StockPSKY	Reiterate	Market Outperform	Sep 22
QNQuince Therapeutics, Inc.QNCX	Upgrade	Market Perform →Market Outperform	Sep 22
XMXometry, Inc.XMTR	Reiterate	Market Outperform	Sep 21
CXSprinklr, Inc.CXM	Reiterate	Market Outperform	Sep 21
Airbnb, Inc.ABNB	Reiterate	Market Outperform	Sep 18
Salesforce, Inc.CRM	Reiterate	Market Outperform	Sep 18
J.B. Hunt Transport Services, Inc.JBHT	Upgrade	Market Perform →Market Outperform	Sep 17
LELennar CorporationLEN	Reiterate	Market Perform	Sep 17
AFAffirm Holdings, Inc.AFRM	Reiterate	Market Outperform	Sep 16
NUNuvation Bio Inc.NUVB	Reiterate	Market Outperform	Sep 16
Enova International, Inc.ENVA	Reiterate	Market Outperform	Sep 15

Similar coverage12M

• JMP Securities99 shared
• Citigroup248 shared
• BTIG99 shared
• Needham101 shared
• Truist Securities127 shared
• Cantor Fitzgerald96 shared

References

1. Equity Capital Markets - Citizenscitizensbank.com
2. Citizens JMP Securities, LLC Disclosurescitizensbank.com
3. Citizens Financial Group Completes Acquisition of JMP Group (2021)investor.citizensbank.com
4. Our Company - Citizenscitizensbank.com
5. Citizens JMP Securities, LLC - FINRA BrokerCheckbrokercheck.finra.org
6. Citizens Financial Group - Wikipediaen.wikipedia.org