Citi's 2026 Investor Day held at the bank's New York headquarters on May 7 outlined a clear path to stronger, more durable returns. According to reports from ET Now, the investor day was led by Jane Fraser, Chair and Chief Executive Officer, along with leaders of Citi's five businesses and the bank's Chief Financial Officer. The bank established new near term and medium term RoTCE targets to achieve these growth objectives, with the bank today being more resilient, more disciplined and focused on where we have the right to win. As reported by Citi, this foundation positions the bank to drive the next phase of growth and returns.
Citi's international network remains a core and increasing competitive advantage amid macro and global volatility, as highlighted during the investor day. As reported by ET Now, the bank supports 80% of US and Global Fortune 500 companies worldwide. The network serves 3,800 unique cross-border corridors for Banking clients and 42% of revenues in 2025 came from non-G10 countries in the Markets business. Asia Pacific accounts for 30% of Wealth revenues, demonstrating the bank's global reach and resilience across different market environments. The network will be the driving force for further growth ahead, as highlighted by Citi, positioning the bank to capitalize on international opportunities.
The investor day followed robust first quarter earnings on April 14, with revenues of US$24 billion, up 14% year on year, and net income of US$5.8 billion, up 42% year on year. According to ET Now, this strong performance has been reflected in the bank's share price, which has more than doubled since the bank's last investor day in March 2022. The bank's progress in reshaping operations has been well-received by investors and stakeholders, with the bank demonstrating effective, disciplined management in generating sustainable returns.
K Balasubramanian, Citi India CEO and Cluster Head Banking, Indian Subcontinent, emphasized the bank's global strategy implementation. As reported by ET Now, he stated that Citi India is a great example of the global strategy in motion, with significant progress in deepening the client franchise, supporting cross-border investment and flows, and growing substantially since the consumer divestiture. The bank is focused on leveraging this momentum as a leading contributor to Citi's growth, with the India operations demonstrating the bank's ability to execute its global strategy effectively across different markets.
The investor day highlighted that targets will be achieved by driving client-led growth, including embracing technology further across the bank's five core businesses. According to ET Now, these businesses are increasingly connected and winning share of mind and wallet with key clients. The bank has advised on the three largest M&A deals announced year to date, demonstrating its market leadership and client relationships in the current environment. As reported by Citi, these targets will be achieved through client-led growth and technology integration, with the bank's businesses increasingly connected and winning share of mind and wallet with key clients.
