Citigroup's Cost-Cutting Drive: A Catalyst for Stronger Returns?

Key Takeaways Citigroup plans to cut 20,000 jobs by 2026 as part of a major cost-cutting transformation. Management targets $2-2.5B in annual savings and expects to see 4-5% revenue CAGR by 2026.C shares have gained 44.3% YTD, and trade below the industry's average P/E. Citigroup, Inc. (C) is in the midst of a sweeping transformation aimed at building a leaner, more efficient banking powerhouse. Pursuant to this, the company changed its operating model and the leadership structure. This resulted in a stream ...