Citigroup Unveils ‘Underwhelming’ New Profitability Target

Citigroup Inc. issued new guidance showing it would take the lender more time than some investors hoped for it to catch up to Wall Street peers, after years of pushing to remedy regulators’ complaints and shed its laggard image.

The bank said it would reach a return on tangible common equity of about 14% to 15% by 2031. That’s below JPMorgan Chase & Co.’s 20% return posted in 2025.