Jane Fraser turned Citigroup inside out. Now comes the hard part.
Citigroup CEO Jane Fraser is working to prove that the bank's recent stock surge and business rebound are sustainable after 12 previous restructuring efforts failed. Fraser aims to show investors a clear path forward, highlighting improvements in return on tangible common equity and progress in addressing regulatory issues.
Citigroup CEO Jane Fraser is tasked with proving that the bank's recent turnaround is sustainable. The bank has undergone its 13th restructuring since the 2008-09 financial crisis, with previous efforts failing. Citi's stock has risen 161% over the past three years, outperforming rivals. Fraser plans to present a clear path forward at the bank's May 7 investor day, highlighting a 13.1% return on tangible common equity in the first quarter. The bank is also nearing completion of regulatory requirements imposed six years ago. Fraser faces tough decisions ahead, including cost-cutting and talent acquisition, to transition from turnaround to growth.
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