Mmastodon BusinessBanking first seen 17 h ago, last 43 min ago, peak #3
Citi doubles asset inflows as wealth unit nears profit goals
Original: Citi doubles asset inflows, edging closer to profit goals Its haul for net new assets rose by 105% year over year to $38
Citigroup's wealth division reported net new assets of $38 billion in the third quarter, a 105% increase year over year, putting the bank closer to its profitability targets for the unit. Wealth head Andy Sieg has described asset inflows as the division's 'North Star' metric, and the doubling of the haul is being read as evidence his turnaround strategy is gaining traction.
Why now: The sharp jump in asset inflows signals Citi's wealth turnaround under Andy Sieg is delivering measurable progress toward profit targets.
Rank over time, top of the chart is #1. 25 snapshots from 17 h ago to 43 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2268778