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Citizens Bank has been making notable strides in building its middle-market investment banking (IB) presence, particularly following its acquisition of JMP Securities. Based on previous WSO threads, this move is seen as part of a broader strategy to revamp and expand its IB platform. With significant capital at its disposal, Citizens appears to be positioning itself as a stronger player in the middle-market space, leveraging JMP's expertise in areas like equity capital markets and M&A advisory.

While the acquisition signals growth ambitions, the long-term success will depend on how well Citizens integrates JMP's operations and talent into its broader platform. If you're considering opportunities with Citizens, it could be a promising time to join, especially if you're interested in middle-market IB. However, as with any bank in expansion mode, it's worth keeping an eye on how they execute their strategy and whether they can sustain momentum.

Sources: Citizen’s Bank/JMP IB, Changing face of Investment Banks, Growing/Rising and Shrinking/Falling Banks, Growing/Rising and Shrinking/Falling Banks, Unpacking Corporate Banking at Citi/BAML?

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Their regal and digital infra group actually kill it. Looked them up and they advised on the $3B Bally’s divestiture deal, probably multi-billion deal Keller Williams sale to Stone Point this year, and a few other seemingly marquee M&A deals when regal groups at other large banks just pitch REITs lol

 

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