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Citigroup executives see better growth ahead, but not yet

Reuters 

By Sweta Singh and David Henry(Reuters) - Citigroup Inc is still on track to hit its goals for efficiency and revenue growth, executives said on Friday, as analysts pressed them to explain how those expectations line up with second-quarter results.Although Citigroup beat Wall Street profit expectations, its revenue fell short of forecasts and businesses like branded credit cards and retail banking in Mexico are not yet generating the kind of revenue investors want to see.During a conference call, Chief Executive Officer Michael Corbat touted progress Citigroup has made toward goals he set ...

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First Published: Sat, July 14 2018. 02:41 IST
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