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Here's Why Citigroup Fell 24% in the First Half of 2022

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Shares of Citigroup (NYSE: C) fell nearly 24% during the first six months of 2022, according to data provided by S&P Global Market Intelligence. Since Jane Fraser took over as CEO of Citigroup in early 2021, the bank has been working on a multiyear transformation plan to correct regulatory issues, modernize parts of the bank, and try to boost returns, which have disappointed for years. While exiting its consumer-banking operations in many international markets, Citigroup has had to take write-downs.