The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Stephen Gandel

NEW YORK, May 6 (Reuters Breakingviews) - Boss Jane Fraser plans to lift profit targets, which may help narrow the sharp valuation discount to rivals. Its near-fiascoes, however, are a stubborn drag for the $220 bln lender. Regularly disclosing such errors, which it tracks, and lessons learned would reassure investors.

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CONTEXT NEWS

At a planned investor day on May 7, Citigroup will lay out new return targets and lift them beyond the bank's 2026 goals, Chief Executive Jane Fraser told Reuters in an interview published on May 5.