Citigroup Guides for 5-6% NII Growth, Targets 14-15% Medium-Term ROTCE
C sits 62% above its 52-week low of $85.615.
Summary
Citigroup provided detailed forward guidance in an investor presentation, projecting net interest income excluding markets to rise 5-6% this year. The bank also set a medium-term return on tangible common equity target of 14-15%, with a near-term goal of 11-13% and a 2026 target of 10-11%. U.S. cards net credit losses are expected in the 4.0-4.5% range. The outlook follows recent strong Q2 banking revenue and a 12% dividend hike, reinforcing management's confidence in the ongoing strategic repositioning. The higher buyback expectation for 2026 signals continued capital return strength.
At the time of this announcement, C was trading at $138.79 on NYSE in the Finance sector, with a market capitalization of approximately $241.3B. The 52-week trading range was $85.62 to $147.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.