Citi CFO Sees 202X Equity Return Above 11 Percent
Citigroup expects its return on tangible common equity to exceed 11 percent this year alongside increased stock buybacks. The bank also plans to accelerate investments and separate its Mexican unit Banamex next year.
Insights:
Citigroup expects a return on tangible common equity slightly above 11% this year, alongside plans to increase stock buybacks from the $13B repurchased in 2025. Chief Financial Officer Gonzalo Luchetti outlined the financial targets during a Monday conference in New York. The guidance highlights the bank's earnings trajectory in the United States as it manages capital returns.
