Citi’s Return Goals Win Investor Backing After CEO Pitch (1)

Citigroup Inc. worked to convince investors of its plans to inch closer to its Wall Street rivals, looking to start a new chapter for the company 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 — a key metric of profitability — of about 14% to 15% by 2031. The numbers, which were received with mixed reactions by investors, are still well below JPMorgan Chase & Co.’s 20% return posted in 2025.

After the new targets were announced early Thursday ahead of Citigroup’s ...