Citi(US:C) Benzinga·2025-11-21 09:36Core Viewpoint - Citigroup Inc. has appointed a new Chief Financial Officer and restructured its U.S. personal banking business, indicating a strategic shift aimed at growth and development [1][5]. Reorganization Across Divisions - Gonzalo Luchetti, currently head of U.S. personal banking, will become CFO in March, while Mark Mason transitions to executive vice chair and senior executive advisor to CEO Jane Fraser [2]. - The bank is merging its retail operations with its wealth business, with Andy Sieg expanding his responsibilities. The new U.S. Retail Banking and Citigold division will be led by Kate Luft [3]. - Citigroup is consolidating its branded cards and retail-services operations into a single unit called U.S. Consumer Cards, overseen by Pam Habner [3]. Analyst Confidence - Following a strong Q3 earnings report with a 9% year-over-year revenue increase, analysts have raised their forecasts for Citigroup, with Keefe, Bruyette & Woods increasing the price target from $112 to $118 while maintaining an Outperform rating [4]. - Citigroup's stock has surged 39.59% year-to-date, although it fell 2.20% to close at $97.63 recently [5].