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Citigroup, Inc. (C) will transition its chief financial officer (CFO) role, as current CFO Mark Mason is set to step down in early March 2026. Gonzalo Luchetti, who has led U.S. Personal Banking since 2021, will succeed Mason, who will take on the role of executive vice chair and senior executive adviser to CEO Jane Fraser.
Under Luchetti’s leadership, U.S. Personal Banking achieved 12 consecutive quarters of positive operating leverage and more than doubled its return on tangible common equity year-to-date compared to the previous year. Additionally, Citigroup will integrate its Retail Banking division into its Wealth business, aiming for streamlined operations and enhanced customer experience while focusing on high-margin services.
Citigroup’s shares have increased by 44.1% year-to-date, outperforming the industry’s growth of 27.1%. The bank trades at a forward price-to-earnings (P/E) ratio of 10.13, below the industry average of 13.93, with Zacks Consensus Estimates forecasting a year-over-year earnings increase of 27.6% for 2025 and 31.2% for 2026.
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