Memories of the most recent financial crisis seem to have been subdued by Wall Street, with the focus being put back on high profits. However, the financial services conglomerate Citigroup is struggling to keep up with its peers, with its stock price stuck more than 90 percent under its all-time high.

While the company is profitable, it recently reported underwhelming Q3 earnings that missed analyst estimates. The lower earnings can be attributed to a suffering fixed-income business, with bond trading down 25%, in addition to declines in mortgage revenue, and a weaker consumer banking unit.

Citigroup, which retains the title of being the third-largest U.S. bank, is looking to trim over $900 million in costs this year through shutting down branches, tackling inefficiencies among its various divisions and focusing on its core markets.