US market today: Citigroup targets stronger profitability as CEO Fraser drives overhaul
By TodayTelugu Desk1 min read1 views
Citigroup unveiled ambitious profitability targets for 2027-2028, aiming for 11-13% adjusted return on tangible common equity, with further growth expected by 2031. CEO Jane Fraser highlighted a company-wide overhaul and announced a $30 billion share buyback plan, signaling a focus on consistent performance and organic growth, particularly in wealth management.
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