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Stock impact report

Citigroup: The Turnaround Continues [Seeking Alpha]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: Seeking Alpha
Citigroup: The Turnaround Continues Summary Citigroup reported a return on shareholder's equity of 10.2 percent in the first quarter, bringing its performance within the reaching distance of all the other major banks that have reported. Mr. Corbat, CEO of Citigroup, through shrinkage and cost cutting and restructuring, has accomplished the first stage of the turnaround he began in 2012. Now, moving into a growth mode, Mr. Corbat has proceeded to change management and refocus the bank, along with a very aggressive policy to buy back stock from shareholders. Citigroup, Inc. (NYSE: Michael Corbat, Citigroup CEO since October 2012, is still gaining ground on his goals for the bank, although maybe, over the last 15 months or so, not as rapidly as he would like. In the first quarter of 2019, Citigroup earned a return on shareholder’s equity of 10.2 percent, breaking through the magic 10.0 percent cost of capital number assumed for the largest commercial banks in the United States. Mr. Corba Show less Read more
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