Corbat For Internet Internet

“We’ve repaired a lot of relationships,” Corbat told “Mad Money” host Jim Cramer on Wednesday.
Following Citigroup’s first investor day since the 2008 recession, CEO Michael Corbat said his bank has been primarily focused on positioning itself to take advantage of a changing industry.
“On top of that, Corbat said the bank aims to return at least $20 billion in capital to its shareholders via dividend increases and share buybacks in the next two years.
Now, as financial companies from PayPal to Goldman Sachs race to capitalize on digital payment methods, Corbat finds Citigroup in a good spot to seize on those developments.
“Think about it: the world’s largest mover of money, the world’s biggest payment company.

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