Citigroup CEO states that first-quarter expenses and revenue increased by double digits year-over-year

LootboxPhobia · 2026-03-10T19:30:37+00:00

Citigroup CEO Jane Fraser stated that the bank's investment banking fee income is expected to grow by double digits in the first quarter and expressed confidence in achieving profitability targets. She pointed out that the global economic conditions are favorable, and although some hedge funds experienced losses in interest rate trading, the turbulence in the private credit sector is not systemic.

LootboxPhobia

2026-03-10 19:30:37

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Investing.com – Citigroup (NYSE:C) CEO Jane Fraser said Tuesday that the bank’s investment banking revenue is expected to grow by double digits year-over-year in the first quarter, and she is confident in achieving profitability targets.

Fraser stated during the RBC conference that the bank’s market business also showed double-digit growth compared to the same period last year.

Fraser expressed confidence that Citigroup will achieve a 10% to 11% tangible common equity return on equity (ROE) by the end of 2026.

The CEO described the global economic fundamentals as “quite good.”

Fraser pointed out that the bank has observed some hedge funds suffering significant losses in interest rate trading. She said that recent turbulence in the private credit sector is not a systemic issue.

Fraser also commented on proposed regulatory changes, saying that the Trump administration’s credit card limit policy would “destroy” credit channels.

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