Citigroup unveils 2027 2028 profitability targets and $30 billion buyback push

Published on 7 May 2026

Profit goals rise with a sweeping overhaul plan and buyback

Citigroup is betting on a major turnaround, setting 2027 to 2028 adjusted return on tangible common equity targets of 11 to 13 percent. CEO Jane Fraser tied the goals to a company wide overhaul and announced a $30 billion share buyback, aiming to strengthen consistency and expand organic growth, especially in wealth management.

Citigroup targets 11 to 13 percent adjusted return on tangible common equity by 2027 2028
CEO Jane Fraser points to a company wide overhaul to drive results
A $30 billion share buyback signals a push for shareholder returns
Wealth management is highlighted as a key growth engine

#profitability #wealth management #citigroup #us markets #share buyback

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Citigroup unveils 2027 2028 profitability targets and $30 billion buyback push

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