Citi Gets a Tough Wall Street Report Card in Fraser Era

The transcript discusses Citigroup's performance under CEO Jane Frazier since March 2021. Despite a 21% increase in shares, Citigroup lags behind its peers. Frazier has implemented a turnaround plan, focusing on investments and data controls. However, the bank still trails major competitors. Frazier aims for a return on tangible common equity of 11-12% by 2026, but current figures are below expectations. Analysts like Mike Mayo are cautiously optimistic, but emphasize the need for consistent gains. The upcoming board meeting will address these challenges and the bank's future strategy.

What was the percentage increase in Citigroup's shares since Jane Frazier became CEO?

• 30%

• 50%

• 60%

• 21%

By what year does Jane Frazier aim to achieve a return on tangible common equity of 11 to 12%?

• 2024

• 2026

• 2025

• 2027

What is the current outlook for Citigroup's return on tangible common equity for this year?

• 13%

• 7%

• 12%

• 11%

Which analyst is mentioned as being bullish on Citigroup's reorganization efforts?

• Mark Mason

• Mike Mayo

• Todd Gillespie

• Blair Efron

What is the main focus of Citigroup's strategy under Jane Frazier?

• Streamlining operations

• Expanding globally

• Reducing workforce

• Increasing market share