Citigroup's Massive Overhaul Under Jane Fraser Shows Signs Of Paying Off
1. BofA reaffirms Buy rating, raises price target to $100 for Citigroup. 2. All business segments show improved profitability, indicating a turnaround. 3. Citi aims for 15%-20% ROTCE in wealth by 2026, up from ~10% FY25. 4. Share repurchases forecasted at $2.4 billion per quarter from H2 2025. 5. Economic outlook predicts stronger GDP growth, aiding credit cost management.