Wells Fargo analyst Mike Mayo said in a Monday research note that 11 of 15 board members at Citigroup Inc. should be replaced, as he cut his earnings outlook for the company. "We forecast much lower-than-expected 2022-2023 earnings as Citi must repair prior underinvesting in a period of rising wage and other costs," Mayo said. "Citi's board should have known about the degree of legacy issues and, in our view, have treated shareholders as a low priority." Mayo cut his 2022 earnings estimate for Citi to $6 a share from $6.70 a share... Читать дальше...