Citigroup Inc. (C) Emerges Victorious: JPMorgan Chase & Co. (JPM), Goldman Sachs Group, Inc. (GS)

What’s next for Citi?
Corbat has already announced where he wants to take Citigroup Inc. (NYSE:C), underlining the fact that the bank must make it or break it in over 20 markets within the next two years. He plans to improve return on assets from 0.6% in 2012 to at least 0.9% by 2015, as well as a minimum 10% return on tangible common equity by that year, as well.

Much like Bank of America’s Project New BAC, Corbat will trim the bank holding company by selling off much of its Citi Holdings, which has been a drag on the bottom line.

With such a plan in place, Citigroup Inc. (NYSE:C) should be on its way. Investors are rallying, having pushed the share price to a $45 closing yesterday — something the bank hasn’t seen in a while. Is Corbat the one that will turn Citi around? It’s looking good so far.

The article Citi Emerges Victorious originally appeared on Fool.com and is written by Amanda Alix.

Fool contributor Amanda Alix has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, Fifth Third Bancorp, JPMorgan Chase, and Wells Fargo.

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