Citi (C) aims for a medium-term return on common equity of 14-15% by 2029-31 and 10-11% return on tangible common equity by 2026, investor day
Citi's medium-term guidance for a 14-15% return on common equity signals a bullish outlook that could attract investor interest, particularly as they plan significant share repurchases totaling $30 billion.
Pakistani sources said US President has demanded Iran's "immediate response" to Washington's peace proposal, and that Tehran will probably provide this response today through Islamabad, Tasnim reports citing Al Arabiya sources
US DoJ investigating a series of suspiciously timed trades in the oil market just ahead of major announcements by President Trump about the war against Iran, via ABC citing sources
Citi (C) aims for a medium-term return on common equity of 14-15% by 2029-31 and 10-11% return on tangible common equity by 2026, investor day
PRIMER - Today’s Fedspeak includes Daly, Kashkari, Hammack, Williams
US BROKER MOVES: AA upgraded Wells Fargo; ORCL upgraded at Arete
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- Anticipates higher share repurchases in 2026 vs. last year.
- Plans to undertake USD 30bln worth of buybacks.
This commitment may enhance earnings per share and drive stock performance, while the elevated buyback activity could imply confidence in their financial position and growth prospects going forward.
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