Citigroup CEO Says Q1 Investment Banking Fees Tracking Mid-Teens Growth
March 10, 2026 11:46 AM
IH Market News
Citigroup Inc. (NYSE:C) Chief Executive Officer Jane Fraser said Tuesday that the bank’s investment banking fees are on track to rise by a mid-teens percentage in the first quarter compared with the same period last year.
Speaking at an RBC conference, Fraser added that Citigroup’s markets division is also expected to post growth in the mid-teens range year over year for the quarter.
Fraser said she remains confident that the bank will achieve its goal of generating a return on tangible common equity of 10% to 11% by the end of 2026.
The CEO characterized the global economic environment as doing “just fine,” suggesting underlying economic conditions remain relatively stable.
Fraser also noted that some hedge funds have recently experienced significant losses tied to interest rate positions, though she said turmoil in the private credit market does not represent a systemic risk.
Commenting on potential regulatory changes, Fraser warned that a proposed credit card cap under a Trump administration would “crush” access to credit.
Citigroup stock price
Original: Citigroup CEO Says Q1 Investment Banking Fees Tracking Mid-Teens Growth
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