Citi Guides 2026 NII Ex-Markets Up Mid-to-High 6%, Targets 11%+ RoTCE
C sits 40% above its 52-week low of $93.66.
Summary
Citigroup provided detailed forward guidance alongside its Q3 earnings, projecting 2026 net interest income excluding markets to rise in the mid-to-high 6% range. The bank also targets above 11% return on tangible common equity in 2026, with near-term RoTCE of 11-13% excluding notable items and medium-term RoTCE of 14-15%. Near-term revenue growth is expected at a mid-single-digit CAGR excluding legacy franchises and restructuring items, while banking revenues are guided to low-to-mid-single-digit CAGR. The company expects about $9 billion of cumulative translation adjustment losses when Banamex meets held-for-sale criteria, with deconsolidation expected in early 2027. This guidance adds specificity beyond the Q3 earnings beat reported earlier today, giving investors a clearer view of management's profitability targets and the Banamex exit timeline.
At the time of this announcement, C was trading at $131.30 on NYSE in the Finance sector, with a market capitalization of approximately $221.3B. The 52-week trading range was $93.66 to $147.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.