Citi Raises 2026 RoTCE Outlook Above 11% With Efficiency Target

Citi raised its 2026 return on tangible common equity (RoTCE) outlook to above 11%, while maintaining expectations for an efficiency ratio below 60% and net credit card losses of about 4%. The updated outlook came as the bank reported third-quarter net income of $5.2 billion and earnings per share of $2.85. RoTCE was 11.5% for the quarter, lower than in the second quarter. Citi also pointed to strong revenue growth in its Services and Wealth businesses. The results add to the bank’s focus on improving returns while keeping operating efficiency below its 60% target.

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