Citigroup's CEO says the company is still spending a lot on AI even with rising interest rates.

Oct 14, 2026, 6:56 AM ETResultsRead the original at Benzinga

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Citigroup raised its full-year return target after profit and sales grew, with cost savings and gains across key businesses. A seasonal 20% Markets drop next quarter and an expected $9 billion Banamex accounting loss are risks, but the higher target and broader gains still lead.

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The higher target points to better returns, backed by stronger sales and growth in Services and Wealth. AI has also cut costs and sped up product launches. A seasonal trading drop next quarter and a future Banamex accounting loss remain risks. The improved business results and higher target lead the story.

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