Citigroup Warns on Rising Costs, Stock Drops, ROTAE Target in Question

Reuters reported July 15 that Citigroup flagged higher expenses, sending its stock down and prompting analyst revisions. The warning complicates Citi's 11–13% return on tangible assets target — a profitability benchmark set at its May 2026 investor day. The bank didn't retract the range, but the cost flag questions the trajectory's credibility.