Citigroup Inc.: Focus remains on regulatory compliance and profitability; weak profitability showing some improvement
ROTCE was 7.0% in Q3, down from 7.2% in Q2 and remaining below its 11-12% 2026 target. However, all 5 non-legacy segments reported positive annual operating leverage, a credit positive.Citigroup is a financial services holding company whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The company operates via two primary business segments: Global Consumer Banking, which provides banking services to retail customers through retail banking, Citi-branded cards and Citi retail services; and Institutional Clients Group, which includes banking and markets and securities services.
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