Citigroup: All About Share Buybacks

Earnings and Share Price Performance - Citigroup reported its fourth-quarter earnings on January 15, with the share price increasing by 6.5% on the same day [1] - The share price rise was somewhat surprising given the revised 2026 ROTCE target of 10% to 11%, down from the prior target of 11% to 12% [1] Analyst's Position and Research Focus - The analyst has a beneficial long position in Citigroup shares through stock ownership, options, or other derivatives [2] - The analyst's independent banking research focuses on financials, deep value, special situations, and financial arbitrage [1] - The research approach is agnostic and apolitical, aiming to identify durable and uncorrelated cash flows that perform well in both inflationary and deflationary settings [1]