2/1/2024 0 Comments Citi global markets rank"That business has significant potential going forward," said Ybarra.Ĭitigroup's payments business already leads rivals in catering to global corporations. It requires relatively little capital for the returns it can produce, and can facilitate cross-selling of other services, executives say. Growing the global payments business, known as Treasury and Trade Solutions, is central to Fraser's strategy. That would still trail rivals but would be seen as achievable, he added. "If they could lay out a credible plan, the stock could move up 10% or more," said Kaser.Įxecutives need to show that, in two to three years, Citigroup can produce a 12% to 13% return on equity, said analyst David Konrad of Keefe, Bruyette & Woods. Investors want Fraser to present a viable case that the bank can bring its expenses down, accelerate revenue growth and improve returns.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |