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Citigroup CEO Jane Fraser has cleaned up some big problems, like a tangled web of risk-management systems and a complex global reporting structure. Many of its businesses have new names and leaders. But when it comes to making money, the bank still has room to catch up to rivals.
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At Citigroup so much is new. Citigroup has succeeded under Chief Executive Jane Fraser in resetting the bar for itself. Citigroup today trades at a roughly 30% premium to tangible book value, recently hitting its highest level since 2008, according to FactSet data.
Chief Executive Jane Fraser says at the bank’s first investor day in four years that Citi has “rebuilt the engine.”
Citigroup unveiled modest new performance targets ahead of an investor day at which the bank’s executives sought to persuade shareholders that...
Don't forget the risks if we get fewer earnings reports.