Four weeks after the Federal Reserve told Citigroup it could begin trimming extra capital it built up following the financial crisis, the fourth-largest U.S. bank is hosting 250 analysts and investors in New York and anyone who wants to listen over the internet.
"Citi's restructuring is over and, given our latest capital plan and improving business performance, this is the right time to talk about our path to growth and higher returns," Citigroup said.
Citi had $1.82 trillion in assets at the end of June, down from $2.2 trillion the last time it had an investor day in May 2008.
CEO Mike Corbat said he'll "go into a lot more detail" at Tuesday's meeting about how the bank will reach its goal of achieving a 10% return on tangible common equity by 2019. Profits for the first half of 2017 were at about a 8.2% return on tangible common equity.
Citi stock traded up over 2% premarket.
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