WSJ: Citigroup expects to miss earnings metric


Citigroup (C) has warned investors that it will miss its goal of increasing its adjusted return on tangible common equity to 10% or higher by 2015, the WSJ reports.

Shareholders use the figure, which was 8.2% last year, to compare banks' profitability.

Citigroup's warning comes after the Fed last week rejected the firm's plans to raise its dividend and stock repurchases. If the bank was able to return more money to shareholders, its return-on-common-equity percentage would grow.

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