MAAT INDEX

CLAIM #12639 · C (C) · 2024Q1 earnings call · Apr 12, 2024 · due Apr 12, 2026

USPB getting that back to the mid-teens and then moving on to the high teens in the medium-term.

Jane Fraser · CEO

PENDING
graded after results covering Apr 12, 2026 are reported

In context

hink you'll drive that growth from this baseline where we're at now? And if you want, you can totally use my second question in there and tell us what good things you're doing inside the Investment Banking line to help tease out one of the [industry] (ph)? Jane Fraser: It's not that one in, Glenn. So I'll kick off with some of this, pass it to Mark and then I'll come back to banking. So look, we are laser focused on the growth and improving the returns of these businesses to where they should and will be in the medium-term. And it's not just the growth story, but let me anchor it in those medium-term return targets. In services, we want to continue around the mid-20s in RoTCE. Banking should be getting to around 15%. Markets 10% to 13%. So we'd like to see at the higher end of that range. USPB getting that back to the mid-teens and then moving on to the high teens in the medium-term. And then lastly, as Andy and Mark have talked about getting wealth to a 15% to 20% return in the medium-term, but the goals to the mid-20s in the longer-term here. And we're confident that our strategy is going to drive the revenue growth of 4% to 5% CAGR in the medium-term. And that's a combination of maintaining our leadership in certain businesses, gaining shares in others. We have good client growth. Look at our win rate for example in TTS at over 80%. We've got our commercial bank also bringing in new clients in the mid-market and helping them accelerate their growth and success around the world. But Mark, let me pass it over to you. Mark Mason: Sure. And good morning, Glenn. And we appreciate the acknowledgement around the expenses. As you know, we've been quite focused on that and

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SEC filings for C · Claim quote is verbatim from the 2024Q1 earnings call.