Citi leadership outlines growth strategy at Investor Day
Updated
Updated · Barron's · May 6
Citi leadership outlines growth strategy at Investor Day
11 articles · Updated · Barron's · May 6
At Citi's lower Manhattan headquarters on Thursday, CEO Jane Fraser and business heads face pressure to lift profitability targets, with analysts expecting return on tangible common equity goals above this year's 10%-11%.
Investors will focus on whether Citi can shift from years of remediation to winning market share, especially in wealth management, investment banking and affluent consumer credit cards.
Fraser, five years into the job, has won board backing as shares rose 82% over the past year, but investors want evidence the turnaround can deliver sustainable medium-term returns.
Can Citi's ambitious profit goals survive escalating geopolitical and economic threats?
Is Citi's 'generational restructuring' truly different from its many past failed turnarounds?