• 05 Mar 2013 at 1:41 PM

Mike Corbat Has A Dream

By

Mike Corbat, the new chief executive officer of Citigroup, 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. In 2012, the company earned 7.9 percent on tangible common equity and 0.91 percent on assets, after adjustments for items. [Reuters]

Comments (6)

  1. 1
    Posted by asdf | March 5, 2013 at 2:13 PM

    Is Citi equity a positive number yet?

  2. 2
    Posted by UBS Research | March 5, 2013 at 2:19 PM

    Can someone explain what #DIV/0! means in Excel?

  3. 3
    Posted by Take that Michael | March 5, 2013 at 2:46 PM

    I had a dream too. It was a wet one and it took me 2 months to accomplish, not 2 years.

  4. 4
    Posted by Hismommacallhimclay | March 5, 2013 at 3:46 PM

    You don't know no Martin Luther the king

  5. 5
    Posted by Guestido | March 5, 2013 at 4:17 PM

    And I want a toilet seat made out of solid gold, but that's just not in the cards now is it?

  6. 6
    Posted by quant me maybe... | March 5, 2013 at 6:02 PM

    Means layoffs a 'comin, kids.