Citigroup CEO Jane Fraser ranks No. 1 on Fortune's 2026 list of the Most Powerful Women in Business.
This marks her first time in the top spot. The ranking comes five years after Fraser became the first woman to lead a major Wall Street bank.
Fortune cited Fraser's successful turnaround of the bank as the key factor for her position. Fraser assumed the CEO role in 2021.
Since her appointment, Citigroup stock has risen over 90%. The bank's profitability now approaches that of its rivals.
The annual list recognizes 100 influential female leaders globally across various industries.