Fraser, who started as CEO of Citigroup a year ago, held her inaugural investor conference on Wednesday.
a success despite lingering skepticism and an underwhelming reaction from analysts covering the bank.
Fraser told CNBC's David Faber on Thursday in an interview that while it will"take a few years" to achieve her targets for returns, investors will see revenue growth from her efforts"sooner rather than later.
But some analysts were disappointed that Fraser set a medium-term return target of 11% to 12%, arguing that it is hard to recommend Citigroup's stock because it will take several years to even accomplish that modest level. Two analysts"The uninspiring medium-term ROTCE target of 11-12% is simply not high enough to merit an Overweight recommendation in the near term," Atlantic Equities' John Heagerty said in a note Thursday.
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