Citigroup is targeting an adjusted return on tangible common equity of 11% to 13% ​for 2027 and 2028, the bank said on Thursday, ‌betting on CEO Jane Fraser's overhaul to drive stronger profitability.

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Reuters Business

Reuters Business

 

Citigroup bets on CEO Fraser's overhaul to aim for 11% to 13% profitability 

 

Papa John's misses quarterly results estimates as living costs soar 

 

Americold forms cold storage joint venture with investment firm EQT 

 

Shake Shack swings to quarterly loss, names new CFO; shares fall 20% 

 

Kenvue beats first-quarter estimates amid pending acquisition by Kimberly-Clark 

 

Amazon to carry Ozempic at US kiosks, offer same-day delivery 

 

EV maker Polestar's quarterly loss widens as tariffs, pricing pressure weigh on margins 

 

McDonald's misses US sales growth target as consumer spending tightens 

 

Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz 

 

Morning Bid: Chip frenzy goes global 

 

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