Citigroup's Strategic Refocus Targets Higher Returns by 2026

Key Takeaways Citigroup is exiting global consumer markets and selling assets to refocus on core businesses.C expects to see 4-5% revenue CAGR by 2026 and $2-2.5B in annualized run-rate savings.C targets 10-11% ROTCE by 2026 after cutting 20,000 jobs and streamlining management.Citigroup Inc.’s (C) CEO Jane Fraser continues to advance the company’s multi-year strategy to streamline operations and focus on its core businesses. Since announcing plans in April 2021 to exit consumer banking in 14 markets across ...