Reported 3 months ago
Citi has successfully shed its reputation as a 'laughingstock' in the banking sector, outperforming competitors with a 20% increase over Morgan Stanley's price target. Under CEO Jane Fraser's leadership, Citi reported strong earnings results driven by a 6% rise in market revenues and a remarkable 38% growth in investment banking. This turnaround comes as the broader banking sector benefits from a revival in capital markets, highlighting Citi’s shift towards excellence in its strategic execution and diverse business model.
Source: YAHOO