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New Citigroup CEO announces profit targets for 2015
March 5, 2013 / 5:36 PM / 5 years ago

New Citigroup CEO announces profit targets for 2015

March 5 (Reuters) - Mike Corbat, the new chief executive officer of Citigroup Inc, said the company’s profit goal for 2015 is earn at least a 10 percent return on the company’s tangible common equity.

The target was posted on the company’s website on Tuesday in slides Corbat planned to use a few minutes later in a speech at an investor conference.

The slides also showed a goal of earning a return on assets of 0.9 percent to 1.1 percent.

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