Track market-moving stories before they get noisy

I'm rating Citigroup a Strong Buy with a $186 price target, implying 36% upside from $137, driven by robust earnings and improving efficiency. C reported Q2 2026 revenue of $24.8B, net income of $5.8B, EPS of $3.15, and RoTCE of 13%, with the efficiency ratio improving to 57.4%. C trades at a 0.51x FWD non-GAAP PEG—54% below the sector median—while delivering superior EPS growth, and a conservative re-rating underpins the upside.

Compass Financial Management LLC acquired a new position in Citigroup Inc. (NYSE:C – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,531 shares of the company’s stock, valued at approximately $898,000.

Several other large investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Citigroup by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock worth $5,036,712,000 after purchasing an additional 189,548 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Citigroup by 4.0% during the 4th quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after purchasing an additional 1,326,224 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after purchasing an additional 846,772 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Citigroup by 2.8% in the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after purchasing an additional 728,043 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Citigroup in the 4th quarter worth $2,800,944,000. Institutional investors own 71.72% of the company’s stock.

Citigroup Stock Performance Shares of C stock opened at $137.80 on Monday. The firm has a market capitalization of $235.03 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.12. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.99 and a quick ratio of 0.99. The business has a fifty day moving average of $135.26 and a 200 day moving average of $127.55. Citigroup Inc. has a 1 year low of $93.66 and a 1 year high of $147.96.

Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The business had revenue of $24.77 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. As a group, research analysts expect that Citigroup Inc. will post 11.21 earnings per share for the current year. Citigroup Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, August 3rd. Citigroup’s dividend payout ratio is presently 28.94%.

Key Citigroup News Here are the key news stories impacting Citigroup this week:

Positive Sentiment: China brokerage expansion: Citi expects Beijing approval for its wholly owned China brokerage business as soon as this month and plans to add several dozen employees. The license could strengthen Citi’s presence in China’s capital-markets and wealth businesses. Citi eyes China brokerage unit licence as soon as this month Positive Sentiment: Wealth-management hiring: Citi’s wealth unit added senior executives from Apollo and Bank of America as the division extends its growth streak. The appointments signal continued investment in a business that can generate fee income and diversify results beyond traditional lending. Citi wealth unit adds Apollo, Bank of America alums Positive Sentiment: Capital returns remain a support: Analysts highlighted Citi’s aggressive buyback and dividend strategy, supported by stronger earnings, excess capital and business simplification. Continued returns could improve per-share earnings and investor sentiment, although they depend on sustained profitability and regulatory approval. Can Citigroup Sustain Its Aggressive Capital Return Strategy? Neutral Sentiment: Rate outlook reset: Citi economists moved their forecast for Federal Reserve rate cuts to 2027 after a stronger U.S. jobs report. Delayed easing could support Citi’s net interest income, but it also raises borrowing costs for consumers and businesses and may pressure credit quality and deal activity. Citigroup delays Fed rate-cut forecast to 2027 Negative Sentiment: Sanctions-related regulatory risk: A UK regulator reportedly fined a Citi unit over breaches involving Russia sanctions. The financial impact may be manageable, but the incident adds compliance costs and reputational risk as investors monitor Citi’s ongoing control improvements. UK fines Citigroup unit over Russia sanctions breaches Wall Street Analyst Weigh In Several brokerages recently weighed in on C. Wall Street Zen downgraded Citigroup from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Evercore set a $143.00 price target on Citigroup in a report on Monday, July 6th. Zacks Research upgraded Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. UBS Group cut their price objective on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Oppenheimer lowered shares of Citigroup from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 30th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Check Out Our Latest Research Report on Citigroup

Citigroup Profile (Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Further Reading Five stocks we like better than Citigroup AI Token Costs Are Changing the Hardware vs. Software Debate 3 ETFs That Could Move as Rate Expectations Shift 3 Stocks With September Catalysts Investors Shouldn’t Ignore Ollie’s Bargain Outlet Stock Falls on Weak Comps Despite Margin Gains Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Allen Mooney & Barnes Investment Advisors LLC cut its position in Citigroup Inc. (NYSE:C – Free Report) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 83,365 shares of the company’s stock after selling 5,926 shares during the quarter. Citigroup makes up about 1.8% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 25th biggest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Citigroup were worth $11,668,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Citigroup during the 4th quarter valued at about $2,800,944,000. Bank of New York Mellon Corp bought a new stake in shares of Citigroup during the second quarter valued at approximately $3,244,602,000. Nykredit A S bought a new stake in shares of Citigroup during the second quarter valued at approximately $458,275,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Citigroup in the fourth quarter valued at approximately $298,082,000. Finally, SEB Asset Management AB acquired a new stake in shares of Citigroup in the first quarter valued at approximately $252,972,000. Institutional investors and hedge funds own 71.72% of the company’s stock.

Wall Street Analyst Weigh In Several research firms have issued reports on C. Weiss Ratings raised Citigroup from a “buy (b)” rating to a “buy (b+)” rating in a report on Monday, August 24th. Keefe, Bruyette & Woods lifted their target price on Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Morgan Stanley boosted their target price on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Wells Fargo & Company upped their price target on Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, June 18th. Finally, UBS Group cut their price target on Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

Get Our Latest Research Report on Citigroup Citigroup Stock Performance C stock opened at $138.10 on Friday. Citigroup Inc. has a 1-year low of $93.66 and a 1-year high of $147.96. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The firm has a market cap of $235.54 billion, a PE ratio of 14.91, a P/E/G ratio of 0.60 and a beta of 1.12. The business’s 50-day moving average price is $135.33 and its two-hundred day moving average price is $127.36.

Citigroup (NYSE:C – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $0.41. Citigroup had a return on equity of 10.15% and a net margin of 10.23%.The company had revenue of $24.77 billion during the quarter, compared to the consensus estimate of $23.74 billion. During the same period in the prior year, the company earned $1.96 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that Citigroup Inc. will post 11.21 earnings per share for the current year.

Citigroup Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 3rd were paid a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is currently 28.94%.

Citigroup declared that its board has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $30.00 billion in shares. This repurchase authorization authorizes the company to buy up to 13.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Key Citigroup News Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Buybacks and dividends support the stock: Citigroup is accelerating share repurchases and dividend payments as stronger earnings, excess capital and business simplification improve its ability to return money to shareholders. The strategy could enhance per-share earnings and reinforce confidence in management’s turnaround plan. Can Citigroup Sustain Its Aggressive Capital Return Strategy? Positive Sentiment: Blockchain payments provide a growth catalyst: Citi’s Services business processed live transactions on Swift’s blockchain-based ledger, making it the first U.S. bank to conduct native ledger transactions through the initiative. The move strengthens Citi’s positioning in always-on, cross-border payments and could create longer-term revenue opportunities with institutional clients. Citi’s Services Business Pioneers Live Transactions on Swift’s Ledger Positive Sentiment: AI-driven expense controls may improve profitability: Citi is using artificial intelligence to review and renegotiate outside law-firm billing. Although the savings potential was not quantified, lower legal expenses could support operating efficiency across capital-markets, compliance and banking operations. Citigroup Uses AI To Push Law Firms On Fees Neutral Sentiment: Currency view signals a changing rate outlook: Citi recommended shorting the U.S. dollar against the Canadian dollar, anticipating that stretched U.S.-Canada interest-rate differentials will reverse. The call highlights potential shifts in Federal Reserve expectations but has limited direct impact on Citigroup’s fundamental earnings. Citi goes short USD/CAD Negative Sentiment: UK sanctions-related penalty remains a reputational and compliance risk: Citi was fined £4.7 million for historical breaches of Russian sanctions at its London branch. The financial cost is modest relative to Citi’s size, but the action underscores ongoing regulatory and control risks. Citigroup Fined £4.7 Million in UK for Russia Sanctions Breaches Citigroup Profile (Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

See Also Five stocks we like better than Citigroup The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now Dropping the Dough: Yum! Brands Strategically Trims the Fat These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways Citigroup returned $12.4B to shareholders in H1'26, including $10.3B in buybacks.C has $26B left under its repurchase authorization and expects 2026 buybacks to exceed the 2025 levels.Citigroup's 12.8% CET1 ratio and potential $5B Banamex capital release support continued payouts. Citigroup, Inc. (C - Free Report) has stepped up capital distributions in 2026, supported by stronger earnings, excess regulatory capital, improving operating efficiency and progress in simplifying its business. The bank returned $12.4 billion to common shareholders in the first half of 2026, including $10.3 billion through share repurchases. In the second quarter alone, capital returns totaled nearly $5 billion. 

The centerpiece of Citigroup’s capital return strategy is its $30-billion common share repurchase program. The company repurchased $4 billion in shares during the second quarter and expects 2026 buybacks to exceed the 2025 level. As of June 30, around $26 billion remained under the authorization, providing substantial capacity for continued repurchases. 

Alongside buybacks, Citigroup continues to deliver consistent dividend payouts. Post-clearing the 2026 Fed stress test, the company hiked its dividend 12% to 67cents per share. In the past five years, C raised its dividends four times. It currently has a payout ratio of 23% and a dividend yield of 2.02%.

A comfortable capital cushion is enabling these distributions. C ended the second quarter with a CET1 ratio of 12.8%, roughly 120 basis points above its current regulatory requirement. Liquidity also remains supportive. As of the end of June 30, 2026, the bank had $487.6 billion in cash and investments compared with $402.7 billion in total debt, providing another layer of financial flexibility.

Meanwhile, C’s ongoing simplification efforts should provide additional flexibility. International consumer exits have reduced complexity and freed capital for deployment into its five core businesses. The remaining Banamex divestiture is particularly important, with management expecting its deconsolidation and planned IPO to release about $5 billion of capital.

Overall, improving earnings, excess capital, business simplification and prospective capital releases provide a solid foundation for Citigroup’s aggressive shareholder distributions. Earnings are projected to rise 41% in 2026 and another 16% in 2027, which should strengthen internal capital generation and provide additional flexibility to sustain sizable share repurchases and dividend payouts while maintaining healthy regulatory capital levels.

How Do C Peers Maintain Disciplined Capital Distribution?Similar to Citigroup, its peers PNC Financial (PNC - Free Report) and Wells Fargo (WFC - Free Report) have impressive capital distribution plans.

After clearing the 2026 stress test, PNC Financial increased its quarterly common stock dividend 18% to $2 per share.  Apart from regular dividend hikes, the company also has a share repurchase program in place. As of June 30, 2026, 28.8 million shares remained available for repurchase under the share repurchase program. Given its earnings and liquidity strength, PNC Financial’s capital-distribution activities seem sustainable.

Similarly, following the successful completion of the 2026 stress test, Wells Fargo increased its third-quarter 2026 common stock dividend by 11% to 50 cents per share. The company also has a share repurchase program in place. As of June 30, 2026, Wells Fargo had remaining authority to repurchase up to $22.7 billion of common stock. Given its robust capital position and ample liquidity, Wells Fargo’s capital-deployment activities seem sustainable.

C’s Price Performance, Valuation & EstimatesShares of Citigroup have surged 38.4% in the past year compared with the industry’s growth of 20.9%.

Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, C trades at a forward price-to-earnings (P/E) ratio of 10.85X, below the industry’s average of 13.9X.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for C’s 2026 and 2027 earnings implies year-over-year rallies of 40.7% and 15.5%, respectively. Estimates for both years have been revised upward over the past 30 days.

Estimate Revision Trend

Image Source: Zacks Investment Research

Citigroup currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Citigroup has surged over 40% in the past year yet remains attractively valued versus peers on forward P/E and tangible book metrics. Loan and deposit growth are robust, with nine consecutive quarters of loan growth and a conservative 52% loan-to-deposit ratio supporting earnings momentum. C's net interest margin has reached a post-pandemic high of 2.54%, driven by falling borrowing costs and strong deposit growth.

Citigroup Inc. (NYSE:C) experienced a surge of unusual options activity during the Friday, Aug. 21, session, capped off by a massive $223 million block trade executed after hours.

According to Benzinga Pro, on Friday at 04:56 p.m. ET, market data captured a massive order for Citigroup shares.

The block trade comprising 1.7 million shares was priced directly above the asking price of $131.62 apiece at $131.65 per share, resulting in an aggregate transaction value of roughly $223.8 million.

Aggressive LEAPS Call SweepsThe after-hours trade followed a series of heavy bullish sweeps in the options market throughout the day. Institutional buyers demonstrated strong long-term conviction in call options expiring years out:

January 2027 Calls: A single sweep generated $981,000 in trade value for $77.50 strike in-the-money (ITM) calls expiring Jan. 15, 2027.

December 2026 Calls: A major order spent $814,625 on $70 strike ITM calls expiring Dec. 18, 2026.

December 2028 Calls: Buyers hit out-of-the-money (OTM) $140 strike calls, including a single trade valued at $403,837 expiring Dec. 15, 2028.

Read Next

Low Short InterestThe aggressive buying points to genuine institutional accumulation rather than a short squeeze.

Exchange data for the July 31 settlement date shows Citigroup’s short interest stood at just 1.47% of float, with 24,686,076 shorted shares and a days-to-cover ratio of 2.14.

Recent Strategic ExpansionsAdding to the bullish sentiment, Citi announced key strategic developments this month. On Aug. 14, Citi participated in a $4.6 billion syndicated loan for Japan-U.S. energy infrastructure. Robert Nakamura, Citi Country Officer and Head of Banking for Japan, noted, “The investment in energy infrastructure supports growth driven by AI and digitalization.”

Trending

Get a 1% Match on Your First Deposit of $1,000+

On Aug. 18, the bank unveiled Custody+, a real-time suite utilizing “Single Event Processing technology” to process over 80% of total event volume in real-time. Amit Agarwal, Head of Custody at Citi Investor Services, stated the platform was designed to help clients move “away from legacy to next-generation architecture.”

Finally, on Aug. 21, Citi became the Depositary Bank for Agilyx ASA‘s new American Depositary Receipt program, trading OTC under the symbol “AGYXY.”

How Has Citigroup Performed in 2026?C shares rose 12.82% year-to-date, advanced by 42.19% over the last year, and rose 13.49% over the last six months. It closed 1.53% higher at $131.65 per share on Friday, and it was 0.17% higher in premarket trading on Monday.

Benzinga’s Edge Stock Rankings indicate that BABA maintains a strong price trend in the long term but a weak trend in the short and medium terms, with a moderate growth score.

Read Next

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image via Shutterstock

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advisors Capital Management LLC trimmed its position in Citigroup Inc. (NYSE:C – Free Report) by 26.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 852,020 shares of the company’s stock after selling 306,616 shares during the period. Citigroup comprises about 1.3% of Advisors Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Advisors Capital Management LLC’s holdings in Citigroup were worth $119,249,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of C. Vanguard Group Inc. lifted its stake in shares of Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after purchasing an additional 4,938,923 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Citigroup by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 43,252,372 shares of the company’s stock valued at $5,036,712,000 after buying an additional 189,548 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Citigroup by 4.0% in the fourth quarter. Franklin Resources Inc. now owns 34,196,783 shares of the company’s stock valued at $3,990,422,000 after buying an additional 1,326,224 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Citigroup by 2.6% during the 4th quarter. Fisher Asset Management LLC now owns 33,887,285 shares of the company’s stock valued at $3,954,307,000 after buying an additional 846,772 shares during the period. Finally, Bank of America Corp DE lifted its position in Citigroup by 2.8% during the 1st quarter. Bank of America Corp DE now owns 26,869,012 shares of the company’s stock worth $3,047,215,000 after acquiring an additional 728,043 shares in the last quarter. 71.72% of the stock is currently owned by hedge funds and other institutional investors.

Citigroup Stock Performance Shares of C opened at $129.92 on Friday. The firm has a market cap of $221.59 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.60 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The business’s 50 day moving average is $137.37 and its two-hundred day moving average is $126.25. Citigroup Inc. has a 52-week low of $91.46 and a 52-week high of $147.96.

Citigroup (NYSE:C – Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The business had revenue of $24.77 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share. Analysts forecast that Citigroup Inc. will post 11.2 EPS for the current fiscal year. Citigroup declared that its Board of Directors has approved a stock repurchase program on Thursday, May 7th that authorizes the company to buyback $30.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Citigroup Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 3rd will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.1%. This is an increase from Citigroup’s previous quarterly dividend of $0.60. Citigroup’s dividend payout ratio (DPR) is 28.94%.

Citigroup News Summary Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Potential lead-bank role in Anthropic IPO: Citigroup is reportedly set to join the top-tier banks working on Anthropic’s anticipated mega-listing. If the IPO proceeds, Citi could benefit from underwriting fees, advisory revenue and increased visibility in the fast-growing artificial-intelligence sector. The timing and final banking syndicate remain subject to change. Anthropic Set to Add Citigroup to Top IPO Banks on Mega-Listing Positive Sentiment: Digital-asset custody expansion: Recent coverage highlights Citi’s new custody platform, which is designed to connect traditional asset custody with digital assets, tokenized payments and institutional services. The initiative could create new transaction and custody revenue streams as institutional adoption grows, although the financial impact is still unproven. Can C Capitalize on Digital Asset Growth With New Custody Platform? Neutral Sentiment: Dividend-growth appeal: A market commentary is presenting Citigroup as a possible high-growth dividend stock, potentially supporting income-oriented investor interest. However, the article does not announce a new dividend increase or provide a material change to Citi’s capital-return plans. Are You Looking for a High-Growth Dividend Stock? Negative Sentiment: Card delinquencies edged higher: Citi’s July card delinquency rate increased modestly, renewing concerns about consumer credit quality and potential future provisions. Lower charge-offs provided some reassurance, but investors remain focused on whether weakening household finances could pressure earnings. C’s July Card Delinquencies Tick Up: Will This Impact Asset Quality? Negative Sentiment: Recent selling momentum persists: Citigroup recently declined even as the broader market advanced, indicating company-specific or sector-related selling rather than simply market weakness. The stock is trading below its 50-day moving average, which may reinforce short-term technical pressure. This follows a strong earnings report in July, when Citi exceeded consensus EPS and revenue estimates, suggesting the current weakness is more tied to sentiment and credit concerns than to the latest reported quarter. Analyst Upgrades and Downgrades C has been the subject of a number of analyst reports. Wall Street Zen cut Citigroup from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Morgan Stanley lifted their price objective on shares of Citigroup from $154.00 to $164.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. UBS Group reduced their target price on shares of Citigroup from $150.00 to $142.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Keefe, Bruyette & Woods upped their target price on shares of Citigroup from $140.00 to $153.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company raised their price target on shares of Citigroup from $162.00 to $165.00 and gave the company an “overweight” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.22.

Check Out Our Latest Stock Report on C

Citigroup Company Profile (Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Recommended Stories Five stocks we like better than Citigroup 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

Key Takeaways Citigroup's new Custody platform adds faster settlement, FX, liquidity and planned digital asset custody.Services revenues rose 17%, while assets under custody or administration climbed 22% to $35 trillion.C is combining tokenized payments, custody and securities services to deepen institutional relationships. Citigroup Inc. (C - Free Report) has been steadily building its digital asset capabilities as institutional adoption of tokenized assets, blockchain-based payments and crypto-related services expands. Rather than focusing on a single product, the bank has been developing broader digital infrastructure across payments, custody, liquidity and securities servicing, which could strengthen its Services franchise over time.

The recent launch of new Custody platform, Custody+ adds another layer to this strategy. The platform brings together faster settlement, real-time asset servicing, foreign exchange, liquidity management, data capabilities and planned digital asset custody. Its significance goes beyond custody, as it fits into Citigroup’s wider effort to modernize infrastructure for institutional clients across traditional and digital markets.

Custody+ strengthens Citigroup’s broader digital-asset strategy alongside Citi Token Services, which enables 24/7 transfers of tokenized commercial-bank deposits in select markets. With digital-asset custody capabilities also under development and an initial Bitcoin offering expected later in 2026, C could combine tokenized payments, custody and traditional securities services to deepen institutional relationships and capture more transaction flows.

The opportunity is particularly relevant for the Services segment, which continues to show strong momentum. In the first half of 2026, Services revenues rose 17% year over year. Assets under custody and/or administration increased 22% to about $35 trillion, Securities Services average deposits climbed 15% to $165 billion, and cross-border transaction value in Treasury and Trade Solutions grew 13%. Citigroup’s scale and existing client base provide a solid foundation for further expansion of its digital-asset offerings.

The bank is also modernizing its traditional infrastructure through real-time processing, automation and AI. With more than $2 billion invested annually in its Services platform strategy, digital assets represent an extension of an already large institutional franchise.

While the near-term revenue contribution from digital assets push may remain modest and depend on institutional adoption and regulation, Citigroup’s expanding capabilities across tokenized payments, custody, liquidity and blockchain-based infrastructure could deepen client relationships, capture greater transaction activity, and create revenue opportunities for the company.

Other Firms Push Into Digital AssetsMorgan Stanley’s (MS - Free Report) launch of the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust marks a meaningful expansion of its digital-asset product strategy. The push into crypto fits with Morgan Stanley’s broader effort to strengthen its wealth and asset management businesses, and reduce its dependence on more cyclical capital-markets activities. 

Likewise, Invesco (IVZ - Free Report) has expanded its digital-asset lineup through its partnership with Galaxy, including the Invesco Galaxy Solana ETF. Invesco’s broader digital-asset offering also includes Bitcoin and Ethereum products, reflecting how competition is increasingly moving toward a multi-asset crypto platform rather than individual cryptocurrency funds.

C’s Price Performance, Valuation & EstimatesShares of Citigroup have jumped 50.9% in the past year compared with the industry’s growth of 29.6%.

Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, C trades at a forward price-to-earnings (P/E) ratio of 11.19X, below the industry’s average of 14.17X.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for C’s 2026 and 2027 earnings implies year-over-year rallies of 40.5% and 15.5%, respectively. Estimates for both years have been revised upward over the past month.

Estimate Revision Trend

Image Source: Zacks Investment Research

Citigroup currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways C agreed to acquire Kard to strengthen personalized rewards and merchant-funded offers for card customers. Kard's technology could deepen customer engagement and help C build a more integrated commerce ecosystem.C targets mid-single-digit USCC loan and revenue growth, with RoTCE in the low 20s by 2027-2028.
Citigroup, Inc. (C - Free Report) has been sharpening its focus on strengthening its U.S. consumer banking franchise, with credit cards remaining one of the company’s most important customer businesses. As competition in cards increasingly shifts toward personalized rewards, digital engagement and merchant-funded offers, C has been looking for ways to make its card ecosystem more relevant to both consumers and brands. Expanding its commerce media capabilities fits directly into that strategy by helping the bank use transaction data to deliver more targeted offers and deepen cardholder engagement.

Against this backdrop, Citigroup has agreed to acquire Kard Financial, a commerce media and rewards technology company, in a move designed to enhance its customer engagement and personalized rewards capabilities. The deal will combine C’s scale and payments expertise with Kard’s technology and merchant relationships to deliver more personalized rewards and offers to card customers while creating new engagement opportunities for merchants.

For Citigroup, the acquisition could strengthen an already sizable cards franchise. Its portfolio spans general-purpose cards, private-label credit cards and installment lending, primarily in the United States. In the first half of 2026, U.S. Consumer Cards (USCC) revenues rose 2.7% to $9.3 billion, accounting for 18.8% of C’s total revenues. Integrating Kard’s capabilities across this customer base could give C additional opportunities to increase engagement and make its rewards offerings more differentiated.

The move follows Citigroup’s restructuring of its U.S. consumer operations to establish USCC as a standalone core business. In November 2025, C announced plans to combine its Branded Cards and Retail Services businesses into USCC, while moving Retail Banking into Wealth. At its 2026 Investor Day, the company further outlined its ambitions for USCC, targeting mid-single-digit near-term growth in loans and revenues, along with return on tangible common equity (RoTCE) in the low 20s by 2027-2028.

Overall, the Kard acquisition represents a strategic extension of C’s cards rather than simply a technology addition. By combining its large customer base and payments infrastructure with Kard’s personalization capabilities, Citigroup is aiming to strengthen loyalty, increase engagement and build a more integrated commerce ecosystem around its card franchise.

Card Business Expansion at Other Major BanksJPMorgan Chase (JPM - Free Report) has expanded its card franchise through Chase Media Solutions, launched in 2024 after integrating Figg (acquired in 2022). The platform uses first-party transaction data to connect brands with 80 million U.S. customers through personalized offers and cash-back rewards.

In 2025, JPM’s card services and auto segment’s net revenues increased 10.7% year over year, with growth continuing in the first half of 2026. The initiative also strengthens customer engagement and merchant sales.

Capital One Financial (COF - Free Report) has also strengthened its position in the U.S. credit card market following the completion of its Discover Financial acquisition in May 2025.

In 2025, the credit card segment’s net revenues increased 40.5% year over year, with the growth trend continuing in the first half of 2026. The deal significantly expanded COF’s card scale, while its data-driven underwriting and heavy-spender franchise supported purchase volume and loan growth.

C’s Price Performance & Zacks RankShares of Citigroup have gained 48% over the past year compared with the industry’s growth of 28.2%.

Image Source: Zacks Investment Research

Currently, C sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

By PYMNTS  |  August 13, 2026

 | 

Citi’s U.S. Consumer Cards business plans to expand its customer engagement and commerce media capabilities by acquiring Kard Financial, a commerce media and rewards platform for banks and FinTechs, Citi said in a Thursday (Aug. 13) press release.

The transaction is subject to customary closing conditions, and the companies will continue to operate as independent organizations until the transaction closes, according to the release.

The proposed transaction will combine Citi’s scale and payments expertise with Kard’s technology, talent and merchant relationships, enabling the bank to offer more personalized rewards and create new opportunities to connect customers, merchants and brands, the release said.

Abhinav Anand, Citi’s head of value cards, lending and commerce, said in the release that Citi aims to help customers get more value from their everyday spending and that Kard’s capabilities complement the bank’s vision.

“With this acquisition, we believe we can work with Kard to accelerate innovation and deliver more personalized experiences for customers while creating new opportunities for brands and merchants to reach, engage and reward consumers in more meaningful ways,” Anand said.

PYMNTS reported in May that during the bank’s Investor Day, Citi executives highlighted recently expanded partnerships and said the goal is to bring more spending into the bank’s travel, dining and rewards ecosystem.

Pam Habner, head of U.S. consumer cards, described the strategy as a “virtuous cycle of growth” fueled by partnerships, loyalty and digital engagement.

Kard announced the proposed transaction and linked to Citi’s press release in a Thursday post on LinkedIn, saying it’s a big day for the team and what they get to build next.

“Citi’s scale, relationships and resources will allow us to bring new merchants and brands into the Kard ecosystem, invest more deeply in our products, and accelerate the features and functionality we can deliver across our platform,” Kard said in the post.

“For merchants, that means the opportunity to reach Citi’s scale of cardmembers, alongside our FinTech and neobanking partners’ unique demographic,” Kard said.

Kard secured $15 million in growth capital in October from alternative asset manager Trinity Capital, according to a press release issued by Trinity Capital at the time.

The release said that Kard had partnered with leading institutions across the United States and was reaching tens of millions of consumers and processing over $10 billion in transactions each month.

Kard CEO Ben Mackinnon said in the release: “With spend data aggregated across debit, credit, receipts and other sources, we can see how consumers actually spend—and, more importantly, what motivates them to switch. That insight lets us create measurable, incremental value for both financial institutions and merchants.”

NEW YORK--(BUSINESS WIRE)--Citi’s U.S. Consumer Cards business today announced that it has entered into an agreement to acquire Kard Financial, Inc. (Kard), a company that operates a commerce media and rewards platform that helps banks and fintechs deepen customer engagement through personalized offers.

With billions of transactions and a network of leading fintechs, banks and neobanks, Kard provides an innovative commerce media platform that connects financial institutions and merchants through verified transaction data and merchant-funded rewards. Its embedded, machine learning-powered personalization and matching capabilities simplify rewards for issuers, deliver meaningful value to customers and help brands reach high-intent consumers with measurable outcomes.

By combining Citi’s scale and payments expertise with Kard’s technology, talent and merchant relationships, the proposed acquisition will strengthen Citi’s commerce ecosystem, enabling more personalized rewards and offers while creating new opportunities to connect customers, merchants and brands.

“We’re focused on helping customers get more value from their everyday spending,” said Abhinav Anand, Citi’s Head of Value Cards, Lending and Commerce. “Kard has built advanced capabilities that complement our vision for the future of commerce and loyalty. With this acquisition, we believe we can work with Kard to accelerate innovation and deliver more personalized experiences for customers while creating new opportunities for brands and merchants to reach, engage and reward consumers in more meaningful ways.”

“Joining forces with Citi marks an exciting new chapter for Kard, our team and our customers,” said Ben Mackinnon, Kard’s Founder and Chief Executive Officer. “I started Kard with the goal of building more rewarding experiences for consumers. Now being able to do that for Citi’s 70 million cardmembers1, on top of the millions we support today, accelerates that original vision towards building the future of commerce.”

Terms of the transaction were not disclosed and are not material to Citi’s financial results. The transaction is subject to satisfaction of customary closing conditions. Until the transaction closes, Citi and Kard will continue to operate as independent organizations. Keefe, Bruyette & Woods, A Stifel Company, acted as exclusive financial advisor to Kard in connection with the transaction. Sullivan & Cromwell LLP acted as counsel to Citi and Latham & Watkins LLP acted as counsel to Kard.

1 As of December 31, 2025. Includes General Purpose and Private Label Credit Cards and Installment Lending, primarily in the U.S.

About Citi
Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi | YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

About Kard
Kard is the leading rewards infrastructure powering next-generation personalized rewards through a commerce media network. Using predictive AI and first-party transaction data, Kard helps financial institutions, fintechs, and brands understand and influence real consumer spend. Its flexible, API-driven platform enables partners to deliver personalized, data-driven rewards that deepen engagement, build loyalty, and turn rewards into revenue-generating marketing channels. Kard is backed by leading investors including Underscore Ventures, Fin Capital, and Tiger Global.

Certain statements in this release are “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results may differ materially from those included in these statements due to a variety of factors. These factors include, among others, satisfaction of the closing conditions to the transaction, including required regulatory approvals; and the precautionary statements included in this release. These factors also consist of those contained in Citi’s filings with the U.S. Securities and Exchange Commission, including, without limitation, the “Risk Factors” section of Citi’s 2025 Form 10-K. Any forward-looking statements made by or on behalf of Citi speak only as to the date they are made, and Citi does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Posted by Defense World Staff on Aug 10th, 2026

Contravisory Investment Management Inc. raised its stake in Citigroup Inc. (NYSE:C – Free Report) by 6,204.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,700 shares of the company’s stock after buying an additional 8,562 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Citigroup were worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in C. Mcguire Capital Advisors Inc. purchased a new position in Citigroup in the fourth quarter valued at about $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Citigroup during the 1st quarter worth about $25,000. Richards Merrill & Peterson Inc. purchased a new stake in shares of Citigroup during the 4th quarter worth about $28,000. TD Capital Management LLC acquired a new stake in shares of Citigroup during the 4th quarter valued at about $28,000. Finally, IMG Wealth Management Inc. lifted its holdings in shares of Citigroup by 197.6% during the 1st quarter. IMG Wealth Management Inc. now owns 244 shares of the company’s stock valued at $28,000 after buying an additional 162 shares during the last quarter. Hedge funds and other institutional investors own 71.72% of the company’s stock.

Analysts Set New Price Targets A number of research firms recently commented on C. Morgan Stanley increased their price objective on Citigroup from $154.00 to $164.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Oppenheimer cut shares of Citigroup from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 30th. Evercore set a $143.00 target price on shares of Citigroup in a research report on Monday, July 6th. Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Finally, Truist Financial cut their price target on shares of Citigroup from $158.00 to $154.00 and set a “buy” rating on the stock in a report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Citigroup presently has an average rating of “Moderate Buy” and a consensus price target of $145.22.

View Our Latest Analysis on Citigroup

Citigroup News Roundup Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Brokerages collectively assign Citigroup an average “Moderate Buy” rating, reinforcing the bullish case for the common stock. The rating should be viewed cautiously because analyst recommendations can be systematically optimistic. Citigroup Receives Average Rating of Moderate Buy Positive Sentiment: Citi raised its third-quarter 2026 Brent crude forecast to $80 per barrel. A higher oil-price outlook could support trading activity and commodities-related client demand, although the unchanged longer-term forecasts suggest the adjustment is limited rather than a major change in strategy. Citi Raises Q3 2026 Brent Crude Oil Forecast Neutral Sentiment: Citigroup’s investment-banking and research operations remain active, with the bank maintaining a Buy rating on Micron while lowering its price target because memory-price momentum may peak in 2027. The development does not directly change Citi’s fundamentals but highlights potential market-cycle and client-exposure risks. Micron Stock Slips as Citi Cuts Target Negative Sentiment: Citigroup’s preferred shares have recently declined as investors speculate that the bank could redeem the issue. A redemption could eliminate the preferred security’s roughly 10% yield, creating uncertainty for income investors, though the issue is distinct from Citigroup’s common stock. Why Citigroup Preferred’s 10% Yield May Not Last Citigroup Stock Down 0.0% Shares of Citigroup stock opened at $134.95 on Monday. Citigroup Inc. has a 12-month low of $90.68 and a 12-month high of $147.96. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The stock has a 50 day moving average price of $136.81 and a two-hundred day moving average price of $124.88. The stock has a market capitalization of $230.17 billion, a P/E ratio of 14.57, a PEG ratio of 0.61 and a beta of 1.12.

Citigroup (NYSE:C – Get Free Report) last released its quarterly earnings results on Tuesday, July 14th. The company reported $3.15 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $0.41. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company had revenue of $24.77 billion for the quarter, compared to analyst estimates of $23.74 billion. During the same quarter last year, the firm posted $1.96 earnings per share. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. Equities analysts expect that Citigroup Inc. will post 11.2 earnings per share for the current year.

Citigroup Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 3rd will be issued a $0.67 dividend. This is a boost from Citigroup’s previous quarterly dividend of $0.60. The ex-dividend date is Monday, August 3rd. This represents a $2.68 annualized dividend and a yield of 2.0%. Citigroup’s payout ratio is 28.94%.

Citigroup announced that its Board of Directors has initiated a stock buyback plan on Thursday, May 7th that allows the company to repurchase $30.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

About Citigroup (Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Featured Articles Five stocks we like better than Citigroup Albemarle’s Blowout Quarter Shows Why Lithium Still Matters Can DICK’S Turn Foot Locker Into a Winner? Why Dutch Bros Plunged Despite a Q2 Earnings Beat and Record Revenue Take-Two’s Q1 Results Leave GTA 6 Bulls Stuck in the Fog of War Want to see what other hedge funds are holding C? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Citigroup Inc. (NYSE:C – Free Report).

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEEmpowered Funds LLC Has $861,000 Stake in The J. M. Smucker Company $SJM

NEXT HEADLINE »Contravisory Investment Management Inc. Acquires New Holdings in Roku, Inc. $ROKU

Key Takeaways C posted its highest quarterly revenues in a decade, rising 14% y/y on broad-based growth.C's Banking revenues climbed 34% as IB revenues surged 44% despite weaker advisory fees.C expects revenues to grow at a 4-5% compound annual rate through 2026, backed by restructuring efforts. Citigroup Inc. (C - Free Report) delivered its strongest quarterly revenue performance in a decade in the second quarter of 2026, reflecting broad-based growth across its major businesses and improved operating efficiency. Citigroup generated revenues of $24.76 billion, which jumped 14% year over year.

A key factor behind the turnaround was growth across Citigroup’s five interconnected businesses: Services, Markets, Banking, Wealth and U.S. Consumer Cards. Services revenues rose 18%, supported by higher deposit balances, increased cross-border transaction activity and continued fee momentum. Markets revenues increased 17%, with Equity Markets recording particularly strong growth as client activity in derivatives and prime services improved.

Banking was another major contributor. Its revenues advanced 34% year over year, mainly because investment-banking revenues increased 44%. Debt and equity underwriting activity strengthened considerably, although advisory revenues declined. Wealth revenues grew 13%, supported by higher deposit spreads, rising investment-fee revenues and continued inflows into client investment assets.

Five Interconnected Businesses Drive Strong Performance

Image Source: Citigroup, Inc.

C also benefited from strong net interest income. Company-wide net interest income rose 13% to $17.1 billion, driven by growth in loans and deposits across several businesses. Non-interest revenues increased 18%, reflecting stronger results in Banking, Services and Wealth. Overall, earnings before tax jumped 54%, demonstrating that revenue growth was translating effectively into profitability. 

At the same time, Citigroup has continued to make meaningful progress on its transformation strategy. The company has been simplifying its structure, exiting non-core markets and driving greater efficiency across the organization.  Cost discipline further supported the improvement. Although expenses rose 5% to $14.2 billion, they grew much more slowly than revenues. As a result, Citi’s efficiency ratio improved to 57.4%, approximately 530 basis points better than a year earlier.

To further strengthen its competitive position, the bank is also increasing its use of artificial intelligence (AI) and automation to streamline workflows and reduce costs. In addition, it is expanding in private markets and wealth management through targeted partnerships, helping diversify revenue streams and deepen client engagement.

The blockbuster second-quarter results suggest that Citigroup’s turnaround is becoming more visible in its financial performance. With continued momentum in core businesses, rising NII and fee income, and ongoing restructuring efforts, the company appears well-positioned to sustain revenue growth. Citigroup expects revenues to see a 4-5% compound annual growth rate through 2026.

How Are Other Banks Performing in Terms of Revenues?Wells Fargo (WFC - Free Report) : In the second quarter of 2026, Wells Fargo’s revenues rose 8.6% year over year, driven by a 5.2% rise in NII and 13.1% growth in non-interest income. 

Going forward, NII growth, driven by a favorable loan and deposit mix and continued fixed-asset repricing, along with Wells Fargo’s investments in expanding its fee-based businesses, is expected to support top-line growth.

PNC Financial (PNC - Free Report) : In the first quarter of 2026, PNC Financial reported total revenues of $6.9 billion, up 21.4% year over year. The increase was driven by growth in non-interest income and NII.

PNC Financial expects total revenues to increase 13% year over year in 2026 (revised from the earlier mentioned 11% growth).

C’s Price Performance, Valuation & EstimatesShares of Citigroup have soared 51.5% in the past year compared with the industry’s growth of 30.2%.

Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, C trades at a forward price-to-earnings (P/E) ratio of 11.19X, below the industry’s average of 14.12X.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for C’s 2026 and 2027 earnings implies year-over-year rallies of 40.5% and 15.6%, respectively. Estimates for both years have been revised upward over the past 30 days.

Estimate Revision Trend

Image Source: Zacks Investment Research

Citigroup currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The U.S. Treasury on Thursday said the director of ​its anti-money laundering Financial Crimes Enforcement Network, Andrea Gacki, was ‌stepping down to join Citigroup as the bank's global head of sanctions.

Key Takeaways Citigroup posted record Q2 revenue and earnings growth, beating estimates. C is advancing its restructuring, targeting higher returns, cost savings and revenue growth through 2028.Citigroup pairs dividend growth, buybacks and a below-industry forward P/E with favorable analyst sentiment. Citigroup, Inc. (C - Free Report) delivered an impressive second-quarter performance, easily surpassing the Zacks Consensus Estimate, with strong growth in revenues and earnings. Other major banks, including Bank of America (BAC - Free Report) and Wells Fargo (WFC - Free Report) , also came out with solid quarterly results.

Citigroup generated its highest quarterly revenues of $24.76 billion in a decade, which jumped 14% year over year and topped Zacks Consensus Estimates by more than 4%. More impressively, second-quarter adjusted net income surged 45% on a year over year basis to $5.8 billion. This translated into adjusted earnings per share of $3.15, which crushed the Zacks Consensus Estimate by nearly 16% and climbed more than 60% from the prior year quarter.

Growth was broad-based across the franchise, with investment banking, markets, wealth management, services and consumer banking all contributing to the strong quarter. Citigroup also generated positive operating leverage as revenue growth significantly outpaced expense growth, highlighting that CEO Jane Fraser's multi-year restructuring efforts continue to improve the firm's operating efficiency.

C shares are also experiencing significant momentum, rising 14.4% year to date and outperforming the industry’s growth of 11.6%. Bank of America’s shares have risen 14% while Wells Fargo shares declined 6.4% over the same period.

Price Performance

Image Source: Zacks Investment Research

Most important for investors, significant progress in the ongoing overhaul plan and impressive earnings beat over the past four trailing quarters have prompted analysts to raise their earnings outlook, leading to favorable estimate revisions. Notably, for 2026 and 2027, earnings estimates rose 3.1% and 2.5%, respectively, in the last 30 days, respectively.

Estimate Revision Trend

Image Source: Zacks Investment Research

Citigroup is expected to post 40.8% year-over-year earnings growth this year, followed by a 15% rise in 2027.

Following the blockbuster second-quarter report, a sharp run-up in share price and upward estimate trend, does Citigroup’s stock still offers meaningful upside or if much of the optimism is already reflected in the stock price? To answer this, let us delve deeper and assess C’s investment potential in more detail.

Citigroup’s Performance CatalystsStrategic Transformation:  Citigroup has moved closer to completing its multi-year exit from non-core international consumer banking. The sale of the Polish consumer business in June 2026 marked the final international consumer divestiture apart from remaining wind-downs of Banamex. The company also sold an additional 22.6% stake in Banamex in the second quarter after selling 25% in late 2025. The remaining Banamex deconsolidation and IPO are planned for early 2027, with management expecting the transaction to free up $5 billion in capital.

These transactions follow the completed Russia exit and divestures of consumer franchises across Asia and EMEA. The simpler structure reduces operational complexity, releases capital and allows management to direct resources toward Services, Markets, Banking, Wealth and U.S. Consumer Cards. As the remaining divestitures and wind-downs conclude, lower stranded costs and a more focused allocation of capital should support the path toward higher sustainable returns.

Backed by these initiatives, Citigroup expects revenues, excluding Legacy Franchises and reconciling items, to see a mid-single-digit CAGR from 2025 through 2028. It also aims to achieve a return on tangible common equity (ROTCE) of 10-11% by 2026. C expects to reach 11-13% RoTCE, excluding notable items in 2027 and 2028, and then move toward 14-15% RoTCE over the medium term. This outlook reflects management’s belief that C’s business model is becoming simpler, more efficient and better able to translate revenue growth into shareholder value.

Cost-Optimization Initiatives: The company continues to execute its multi-year cost optimization strategy, centered on workforce rationalization, process simplification, automation and technology investments aimed at enhancing long-term productivity and profitability.

As part of its restructuring program, the company remains on track to eliminate 20,000 positions by the end of 2026. Its total headcount declined to 219,000 as of June 30, 2026, from 230,000 a year earlier. In the first half of 2026, the bank incurred more than $800 million in severance costs, reflecting upfront investments to achieve sustainable operating efficiencies.

Beyond workforce optimization, management is driving efficiency through process simplification, platform consolidation and increased automation, reducing manual touchpoints across operations. At the same time, the company continues to invest in technology and artificial intelligence to strengthen operational resilience, improve productivity and support future revenue growth. To accelerate these initiatives, Citigroup plans to invest an incremental $5 billion between 2026 and 2028, with spending focused on technology modernization, marketing, front-office talent and branch renovations.

Management expects workforce optimization, organizational simplification and technology investments to generate $2-$2.5 billion of annualized cost savings by 2026. The company continues to target a full-year efficiency ratio of 60%. While a portion of these savings will enhance profitability, management intends to reinvest part of the benefits into technology, talent and strategic growth initiatives to support sustainable long-term returns.

Interest Rate Outlook Remains Supportive:  NII has been a key contributor to Citigroup’s earnings power and management expects growth to continue amid a shifting rate environment. NII witnessed a three-year CAGR of 6.2% (ended 2025). The uptrend continued in the first half of 2026. Also, the company has been witnessing solid growth in loans and deposit balances.

Though the Federal Reserve is expected to hike the interest rates later this year, Citigroup’s NII will continue to grow, given stabilizing funding/deposit costs and solid loan demand. Management expects NII, excluding Markets, to increase 5-6% in 2026, supported by loan growth and stabilizing funding dynamics.

Liquidity Strength Powers Shareholder Payouts: C enjoys a strong liquidity position. As of June 30, 2026, Citigroup’s cash and due from banks and total investments aggregated to $449.4 billion, lower than its total debt (short-term and long-term borrowing) of $373.3 billion. 

Post-clearing the 2026 stress test, the company hiked its dividend 11.7% to 67 cents per share. In the past five years, it has raised its dividends four times. By comparison, Wells Fargo and Bank of America have raised their dividends six and five times, respectively, during the past five years. 

Coming back to Citigroup, it maintains a modest payout ratio of 23%, indicating adequate scope to sustain distributions. The company’s annual dividend yield of 1.82% is higher than the industry average, providing investors with a steady income stream while management continues to execute its turnaround strategy.

Citigroup has also remained active in repurchasing shares. The board authorized a $30-billion buyback commitment in June 2026, with no expiry date.  

Including dividends, C’s total return over the past three years has been nearly 208% compared with the industry’s average of 136.9%. Thus, the combination of potential capital appreciation, dependable dividend income and continued share repurchases enhances the stock’s total-return prospects. Supported by Citigroup’s robust liquidity and capital levels, its shareholder payout activities appear sustainable.

Total Return Performance

Image Source: Zacks Investment Research

Final View on CitigroupC’s multi-year transformation is beginning to translate into a stronger earnings profile. The bank’s divestitures, expense-control measures, AI-driven productivity initiatives and increasing focus on higher-return businesses should support revenue growth, operating efficiency and profitability over time. Its solid liquidity position, dividend growth and planned share repurchase further strengthen the investment case.

Wall Street sentiment also remains favorable. Citigroup has an average brokerage recommendation of 1.76 on a scale of 1 to 5, wherein 1 represents Strong Buy and 5 represents Strong Sell. Of the 25 brokerage recommendations, 15 are Strong Buy and three are Buy, representing 60% and 12% of the total, respectively. Check price target & stock forecast for Citigroup here>>>

Brokerage Rating Breakdown for C

Image Source: Zacks Investment Research

Valuation remains another key positive. Citigroup trades at a forward P/E multiple of 10.86X, below the industry average of 14.06X and its peers Bank of America and Wells Fargo’s multiples of 12.44X and 11.32X, respectively. Citigroup’s discounted valuation despite a sharp increase in share price indicates that the market is still pricing in relatively cautious expectations for its long-term earnings potential.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

This leaves scope for further upside. If management continues to improve returns, control costs and narrow the profitability gap with peers, Citigroup could benefit from both earnings growth and valuation-multiple expansion.

As such, supported by improving fundamentals, disciplined capital returns and favorable analyst sentiment, Citigroup offers an attractive combination of value and growth potential.

Citigroup currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Citigroup said on Wednesday it has hired five managing ​directors for its technology ‌investment banking in the U.S. from Bank of America, JPMorgan Chase and UBS.

Posted by Defense World Staff on Jul 21st, 2026

Baader Bank Aktiengesellschaft grew its stake in shares of Citigroup Inc. (NYSE:C – Free Report) by 62.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,737 shares of the company’s stock after acquiring an additional 4,529 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Citigroup were worth $1,328,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in C. Norges Bank bought a new position in Citigroup during the 4th quarter worth $2,800,944,000. Vanguard Group Inc. lifted its holdings in shares of Citigroup by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 163,239,926 shares of the company’s stock worth $19,048,467,000 after buying an additional 4,938,923 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Citigroup in the fourth quarter valued at about $298,082,000. SEB Asset Management AB bought a new stake in shares of Citigroup in the first quarter valued at about $252,972,000. Finally, SG Americas Securities LLC grew its stake in shares of Citigroup by 291.4% in the fourth quarter. SG Americas Securities LLC now owns 1,319,549 shares of the company’s stock valued at $153,978,000 after acquiring an additional 2,008,946 shares in the last quarter. Institutional investors own 71.72% of the company’s stock.

Citigroup Trading Down 0.5% C opened at $128.73 on Tuesday. The company has a market cap of $219.56 billion, a P/E ratio of 13.90, a PEG ratio of 0.59 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.71. The company’s 50 day moving average is $134.40 and its 200-day moving average is $123.45. Citigroup Inc. has a 1-year low of $87.94 and a 1-year high of $147.96.

Citigroup (NYSE:C – Get Free Report) last posted its earnings results on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.74 by $0.41. The firm had revenue of $24.75 billion for the quarter, compared to analysts’ expectations of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Equities research analysts predict that Citigroup Inc. will post 11.15 earnings per share for the current fiscal year.

Citigroup announced that its board has authorized a share buyback program on Thursday, May 7th that allows the company to buyback $30.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 13.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Citigroup In other news, Director John Cunningham Dugan sold 2,117 shares of Citigroup stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the sale, the director directly owned 12,194 shares of the company’s stock, valued at approximately $1,527,908.20. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Trending Headlines about Citigroup Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citigroup was highlighted by Zacks as a “Bull of the Day” after its strong second-quarter results, rising earnings estimates, and still-reasonable valuation reinforced the case for the stock. Citigroup and J&J Snack have been highlighted as Zacks Bull and Bear of the Day Positive Sentiment: Analysts continued to raise estimates for Citigroup, including an FY2026 EPS increase from Erste Group Bank, which supports the view that earnings momentum remains constructive. Citigroup FY2026 EPS Estimate Increased by Erste Group Bank Positive Sentiment: Citi’s own research said the bank can reach its medium-term ROTCE target by expanding higher-return businesses, cutting costs, and deploying capital more efficiently, a reminder of management’s profitability roadmap. How Does Citigroup Plan to Achieve Its Medium-Term ROTCE Target? Neutral Sentiment: Citigroup is leading a bank group arranging a $1.5 billion leveraged loan for Veritas Capital’s BGIS acquisition, which shows continued deal activity but is unlikely to materially move the stock on its own. Citigroup-Led Bank Group Plans Debt Deal for Veritas’ BGIS Buy Neutral Sentiment: Citi also drew attention for a market strategy note saying the “Magnificent Seven” no longer fully explains the AI trade, reflecting broader Street positioning rather than a direct bank-specific catalyst. No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues Negative Sentiment: Citigroup’s stock was noted as the lone major U.S. bank trading below its 50-day moving average, a technical signal that may reinforce short-term caution. Citigroup lone major US bank below 50-day moving average Negative Sentiment: Broader risk sentiment worsened after news that the Trump administration plans 50% tariffs on some Canadian goods, which could raise trade-war concerns and weigh on financial stocks. US Sets 50% Tariff on Some Canadian Goods Over Retaliation Claim Negative Sentiment: Citigroup also downgraded South Korea to neutral amid AI-chip volatility, underscoring a more cautious tone around parts of the global growth and tech cycle. Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts Analysts Set New Price Targets Several analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Citigroup from $140.00 to $153.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Citigroup in a report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $150.00 price target on shares of Citigroup in a research report on Wednesday, July 15th. Barclays boosted their price target on Citigroup from $146.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, April 15th. Finally, The Goldman Sachs Group increased their price target on Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.67.

View Our Latest Stock Analysis on C

Citigroup Company Profile (Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Featured Stories Five stocks we like better than Citigroup The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEBaader Bank Aktiengesellschaft Trims Position in ResMed Inc. $RMD

NEXT HEADLINE »Bank of New York Mellon Corp Has $116.47 Million Position in Nextpower Inc. $NXT

Posted by Defense World Staff on Jul 21st, 2026

Andra AP fonden cut its holdings in Citigroup Inc. (NYSE:C – Free Report) by 21.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 224,500 shares of the company’s stock after selling 60,900 shares during the period. Andra AP fonden’s holdings in Citigroup were worth $25,461,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in Citigroup by 166.9% in the fourth quarter. Brighton Jones LLC now owns 19,990 shares of the company’s stock worth $1,407,000 after buying an additional 12,499 shares during the period. Sivia Capital Partners LLC lifted its position in Citigroup by 20.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 9,805 shares of the company’s stock valued at $835,000 after purchasing an additional 1,669 shares during the last quarter. United Bank acquired a new position in Citigroup during the 2nd quarter valued at about $972,000. Osterweis Capital Management Inc. grew its position in Citigroup by 3,016.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 935 shares of the company’s stock worth $80,000 after purchasing an additional 905 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in shares of Citigroup by 26.9% in the second quarter. HUB Investment Partners LLC now owns 15,287 shares of the company’s stock valued at $1,301,000 after purchasing an additional 3,238 shares during the period. Institutional investors own 71.72% of the company’s stock.

Wall Street Analyst Weigh In Several research firms recently commented on C. Piper Sandler restated an “overweight” rating and issued a $145.00 target price (up from $125.00) on shares of Citigroup in a research report on Wednesday, April 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Citigroup in a research report on Friday. Jefferies Financial Group initiated coverage on shares of Citigroup in a research note on Thursday, March 26th. They set a “buy” rating and a $135.00 price objective on the stock. The Goldman Sachs Group upped their price objective on shares of Citigroup from $137.00 to $151.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Finally, Zacks Research upgraded shares of Citigroup from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.67.

Get Our Latest Stock Analysis on Citigroup

Citigroup News Summary Here are the key news stories impacting Citigroup this week:

Positive Sentiment: Citigroup was highlighted by Zacks as a “Bull of the Day” after its strong second-quarter results, rising earnings estimates, and still-reasonable valuation reinforced the case for the stock. Citigroup and J&J Snack have been highlighted as Zacks Bull and Bear of the Day Positive Sentiment: Analysts continued to raise estimates for Citigroup, including an FY2026 EPS increase from Erste Group Bank, which supports the view that earnings momentum remains constructive. Citigroup FY2026 EPS Estimate Increased by Erste Group Bank Positive Sentiment: Citi’s own research said the bank can reach its medium-term ROTCE target by expanding higher-return businesses, cutting costs, and deploying capital more efficiently, a reminder of management’s profitability roadmap. How Does Citigroup Plan to Achieve Its Medium-Term ROTCE Target? Neutral Sentiment: Citigroup is leading a bank group arranging a $1.5 billion leveraged loan for Veritas Capital’s BGIS acquisition, which shows continued deal activity but is unlikely to materially move the stock on its own. Citigroup-Led Bank Group Plans Debt Deal for Veritas’ BGIS Buy Neutral Sentiment: Citi also drew attention for a market strategy note saying the “Magnificent Seven” no longer fully explains the AI trade, reflecting broader Street positioning rather than a direct bank-specific catalyst. No one talks about FAANG anymore. Now, it’s time to retire Magnificent Seven as well, Citigroup argues Negative Sentiment: Citigroup’s stock was noted as the lone major U.S. bank trading below its 50-day moving average, a technical signal that may reinforce short-term caution. Citigroup lone major US bank below 50-day moving average Negative Sentiment: Broader risk sentiment worsened after news that the Trump administration plans 50% tariffs on some Canadian goods, which could raise trade-war concerns and weigh on financial stocks. US Sets 50% Tariff on Some Canadian Goods Over Retaliation Claim Negative Sentiment: Citigroup also downgraded South Korea to neutral amid AI-chip volatility, underscoring a more cautious tone around parts of the global growth and tech cycle. Global Market: Citi downgrades South Korea to neutral as AI chip volatility mounts Citigroup Price Performance NYSE:C opened at $128.73 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.71. The business’s 50-day moving average price is $134.40 and its 200 day moving average price is $123.45. Citigroup Inc. has a 52-week low of $87.94 and a 52-week high of $147.96. The firm has a market cap of $219.56 billion, a P/E ratio of 13.90, a PEG ratio of 0.59 and a beta of 1.11.

Citigroup (NYSE:C – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The company reported $3.15 earnings per share for the quarter, beating the consensus estimate of $2.74 by $0.41. The company had revenue of $24.75 billion during the quarter, compared to analyst estimates of $23.74 billion. Citigroup had a net margin of 10.23% and a return on equity of 10.15%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.96 EPS. As a group, sell-side analysts predict that Citigroup Inc. will post 11.15 earnings per share for the current fiscal year.

Citigroup announced that its Board of Directors has approved a stock buyback program on Thursday, May 7th that allows the company to repurchase $30.00 billion in shares. This repurchase authorization allows the company to buy up to 13.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling In other news, Director John Cunningham Dugan sold 2,117 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.30, for a total transaction of $265,260.10. Following the completion of the sale, the director directly owned 12,194 shares of the company’s stock, valued at $1,527,908.20. This trade represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

About Citigroup (Free Report)

Citigroup Inc is a global financial services company headquartered in New York City with roots tracing back to the City Bank of New York, founded in 1812. The modern Citigroup was created through the 1998 merger of Citicorp and Travelers Group and has since operated as a diversified bank holding company that provides a broad range of banking and financial products and services to consumers, corporations, governments and institutions worldwide.

Citi’s principal businesses include retail and commercial banking, credit card and consumer lending products, wealth management and private banking, and a full suite of institutional services.

Featured Articles Five stocks we like better than Citigroup The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story

Receive News & Ratings for Citigroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Citigroup and related companies with MarketBeat.com's FREE daily email newsletter.

« PREVIOUS HEADLINEAndra AP fonden Has $25.74 Million Holdings in AppLovin Corporation $APP

NEXT HEADLINE »Andra AP fonden Lowers Stock Position in Uber Technologies, Inc. $UBER

HomeMarketsJust as FAANG is no longer discussed, so too should be the Apple- and Microsoft-led grouping, say Citi strategistsUpdated July 20, 2026, 6:02 a.m. ET

It's time to usher the phrase "Magnificent Seven" into retirement, argue Citi strategists. Photo: Getty ImagesMagnificent Seven as a group is underperforming the broader market this year, but strategists at Citi argue it no longer makes sense to even think about them as a grouping.

“In our view, the Mag 7 is dead as a construct for assessing large-cap growth dynamics, and it has been for some time,” say strategists at Citi, led by Scott Chronert. The grouping comprised Apple AAPL, Microsoft MSFT, Alphabet GOOGL, Amazon.com AMZN, Meta Platforms META, Nvidia NVDA and Tesla TSLA.

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of 1,500,000 Depositary Shares each representing a 1/25th interest in its 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T (the “Preferred Stock”). The redemption date is August 15, 2026 for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on Augu.

Key Takeaways Citi posted Q2 revenue of $24.77B and EPS of $3.15, both ahead of consensus estimates.C kept its 2026 RoTCE target unchanged, prioritizing investment flexibility over a near-term goal.Citi raised its dividend 12%, launched a $30B buyback and highlighted record Services revenue. Citigroup Inc. (C - Free Report) used its second-quarter call to make a broader point than the headline beat. Management framed the quarter as evidence that the bank’s multiyear rebuild is producing stronger earnings power, while also creating room to invest more aggressively for future returns.

That message mattered because analysts pressed hard on why Citi kept its full-year return target unchanged despite a strong first half. Management’s answer was clear: it wants flexibility to accelerate organic investments, structural efficiency moves and funding actions rather than optimize for a single near-term waypoint.

Citi Ties the Quarter to a Stronger FranchiseChair and CEO Jane Fraser said the quarter marked Citi’s best quarterly revenue in a decade, with double-digit growth for the firm and in four of five businesses. She emphasized that the result was not just market-driven, but tied to prior investments, tighter execution and a more durable earnings profile.

Citi reported revenue of $24.77 billion and EPS of $3.15, both ahead of the Zacks Consensus Estimate of $23.68 billion and $2.72, respectively. 

Fraser also pointed to capital return as a sign of confidence. Citi plans to raise its dividend by 12% and launched a $30 billion common stock repurchase program, with $4 billion bought back during the quarter and about $5 billion returned through buybacks and dividends overall.

C Benefits From More Than One EngineManagement highlighted that Services posted its highest quarterly revenue ever, with revenue up 18% and RoTCE above 30%. Fraser and CFO Gonzalo Luchetti both tied that performance to deeper client relationships, operating deposit growth and continued demand for cross-border capabilities.

Markets also remained a major contributor. Revenue rose 17%, with Equities up 45% and prime balances up nearly 60%, while Fixed Income benefited from strength in foreign exchange, spread products and commodities.
Banking and Wealth added to the breadth story. Banking revenue climbed 34%, helped by a 44% jump in investment banking revenue, while Wealth revenue rose 13% for a ninth straight quarter as client investment assets grew 14% and net new investment assets strengthened.

Citi Defends Its Full-Year Return TargetThe central tension in the Q&A was Citi’s decision to keep its full-year 2026 RoTCE target at 10% to 11% even after generating 13.1% year to date. Luchetti said management wanted to preserve room for second-half seasonality, especially in Markets, and for a range of macro outcomes.

He also reaffirmed the full-year efficiency ratio target of around 60%, NII excluding Markets growth of about 5% to 6%, and a total U.S. credit card net credit loss rate of 4% to 4.5%.

What changed on the call was the emphasis. Fraser repeatedly told analysts Citi was focused on its near-term and medium-term return targets, not on maximizing a 2026 waypoint, and said a constructive environment would be used to pull forward investments that can support higher sustainable returns.

C Pushes Harder in Consumer CardsU.S. Consumer Cards was the clearest example of that strategy. Revenue rose just 1%, but management said the business absorbed deliberate investment in products, partnerships and customer acquisition, including the onboarding of an additional American Airlines co-branded portfolio with more than $6 billion in loans and over 2 million accounts.

Luchetti said expenses are expected to grow faster than revenue for the next few quarters as Citi invests in engagement and acquisitions. He stressed that the bank is comfortable doing so because Cards is a high-returning business, with second-quarter RoTCE at 22%.

Management also sounded constructive on credit. Luchetti said the U.S. consumer remains resilient, with card delinquencies and net credit losses down year over year and performance running in line with or better than expectations.

Citi Sees More Room on Efficiency and CapitalAnother important theme was self-help. Citi reduced headcount to 219,000 and incurred more than $800 million of severance year to date, as management continues to remove stranded costs, lower temporary transformation expenses and push productivity gains through technology and AI.

Fraser said much of the remediation work tied to Citi’s consent orders has now passed internal audit validation and can be handed to regulators. She added that Citi is already reducing related expenses as bodies of work are completed, rather than waiting for formal closure.

On capital, Citi ended the quarter with a 12.8% CET1 ratio, about 120 basis points above its current regulatory minimum. Luchetti also pointed to improving stress test results and a $500 million year-to-date reduction in disallowed deferred tax assets as evidence that the balance sheet story is improving alongside earnings.

C Keeps Playing the Long GameThe clearest takeaway from the call was tone. Citi did not argue that the second half must weaken. Instead, management argued that stronger operating momentum gives it more choices on where to invest and how quickly to execute structural actions.

That made the Q&A less about whether Citi could exceed its full-year target and more about whether it should optimize for that number. Fraser’s answer was that the bank is now in a position to think more about durability, market share and medium-term returns than about managing to a single annual figure.

What Zacks Signals Say on CC carries a Zacks Rank #3 (Hold), along with a Value Score of D, Growth Score of C, Momentum Score of A and VGM Score of C. Under Zacks’ framework, the Rank is the first screen because it reflects earnings estimate revisions, while Style Scores serve as complementary indicators over a similar one- to three-month horizon. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

That combination points to stronger momentum characteristics than value or broad style appeal right now. Zacks also notes that stocks with the most favorable return profiles typically pair a Zacks Rank #1 or #2 (Buy) with Style Scores of A or B, while a Zacks Rank #3 can still be held with attention to the score hierarchy. The Zacks Rank can change as analysts revise estimates after the quarter.

Few signals across financial services are delivered as clearly and collectively as the ones on what’s become Wall Street’s own “Super Tuesday” for bank earnings.

Five of Wall Street’s largest banks reported record revenues Tuesday (July 14). JPMorganChase, Goldman Sachs, Bank of America and others reported to their investors that, for the most part, equity markets were active, underwriting volumes had recovered, prime balances were expanding, and credit remained benign.

All of that is to banking’s benefit. Citigroup, for example, delivered second-quarter revenue reaching $24.8 billion, the highest quarterly total in a decade. Net income rose 45% to $5.8 billion, and investment banking revenue climbed 44%.

Then the stock fell more than 4% in after-earnings trading as investors reacted to the unchanged full-year return targets and plans for higher upcoming expenses related to business transformation. Management said Citi could use favorable conditions to accelerate investments, restructuring actions and severance rather than maximize the current year’s earnings.

But the less cyclical signal didn’t come from Citi’s record equities quarter, nor from the market’s narrowly focused reaction. It came from the less glamorous business responsible for moving, holding and administering corporate money, Citi’s treasury services and payments business.

Read also: Earnings Show Banks Turning Transaction Banking Into a Platform Business

Citi’s Most Durable Signal for the Quarter Was in Its Services Division Citi’s numbers for the most recent quarter showed that, inside its Services business, revenue rose 18%, average deposits increased 19% to approximately $1 trillion and cross-border transaction value climbed 13%. The division generated a 30.9% return on tangible common equity—more than twice the firm-wide level—and recorded growth across both net interest and fee revenue. Commercial card spending advanced 12%, and assets under custody and administration rose 22%.

The composition was as important as the growth. Net interest income increased 18%, helped by deposits, but noninterest revenue also rose 16%. Within Treasury and Trade Solutions, fee and other noninterest revenue increased 13%, while U.S. dollar clearing volume grew 5%.

Those numbers suggest something more consequential than another strong period for transaction banking. Citi is benefiting from an increase in the amount of financial coordination required to operate an international company. Global commerce is not simply expanding or contracting. It is becoming harder to organize.

Companies are shifting suppliers, duplicating production capacity, creating regional legal entities and redirecting trade around tariffs, sanctions, energy constraints and geopolitical risk. Artificial intelligence infrastructure investment is adding another layer of cross-border capital expenditure involving semiconductor production, data centers, power generation, equipment purchases and specialized supply chains.

The commercial opportunity is not just processing more payments. It is managing the complexity surrounding them.

Supply chains are becoming more distributed, which turns treasury into an orchestration function. Companies do not merely need faster execution. They need someone—or increasingly, a combination of bank infrastructure and software—to determine how accounts, balances, payment rails, currencies and financing should work together.

See also: Banks Bet Big on Tokenized Deposits to Power Real-Time Treasury

Payment Relationships Can Feed the Rest of Citi A bank processing a company’s daily cash flows can see when receivables change, balances accumulate, currency exposures emerge or working capital requirements increase. Those signals can create demand for foreign exchange, short-term lending, trade finance, debt issuance, hedging and other capital markets services.

The opportunity is to make the treasury relationship the institutional franchise’s distribution layer.

Citi’s quarter contained signs of that broader network effect. Average Services loans rose 10%, driven partly by working capital and export agency financing. Foreign exchange performance helped offset weaker rates trading. Banking benefited from debt and equity issuance by companies financing strategic investment and infrastructure.

Citi’s Services deposit growth was driven by operating deposits connected to clients’ underlying transaction activity, rather than by indiscriminately paying the highest rate for funds. Management said the bank was deepening existing relationships and adding clients across North America and international markets.

Read also: Citi’s Blowout Quarter Signals Whoever Owns the System Owns the Customer

The difficulty is ensuring that Citi can recognize and capture the value of that relationship across internal product lines. A global payment mandate does not automatically become a financing or capital markets relationship. The bank must connect client information, incentives, coverage and decision-making across businesses without creating conflicts or weakening risk discipline.

That makes Citi’s own remediation and technology work directly relevant to the Services strategy. The bank has spent years standardizing data, processes and controls. Management said completed remediation work is beginning to release expenses, and Citi is applying lessons from the transformation to AI and process automation. Nearly 90% of employees are using the bank’s AI tools, while more than 100 processes are being evaluated for further automation.

For Citi, the opportunity is to make the world’s financial complexity feel simpler to its clients. The risk is that the bank must first prove it can do the same for itself.

Citigroup Inc (NYSE:C) on Tuesday reported second-quarter revenue that topped Wall Street estimates, fueled by strength in fixed income trading and investment banking.

The bank posted revenue of $24.77 billion for the quarter, ahead of analysts' average estimate of $23.74 billion, according to the data provided. Earnings per share came in at $3.15.

Fixed income markets revenue reached $4.71 billion, while equity markets revenue totaled $2.3 billion. Investment banking revenue was $1.55 billion.

Net interest income for the quarter was $17.13 billion.

Citigroup's provision for credit losses was $2.52 billion. The bank's Common Equity Tier 1 capital ratio stood at 12.8%, and return on tangible common equity was 13%.

Analysts at Jefferies said the standout points in the results were net interest income and markets performance, both of which came in well above their forecasts and the broader consensus. Investment banking revenue also beat their expectations, helped by equity and debt underwriting activity. The brokerage noted that expenses of $14.2 billion matched its own forecast but ran higher than the Street had expected, largely because of increased compensation, servicing and deposit insurance costs.

Citigroup management kept its full-year 2026 targets unchanged, according to Jefferies, including net interest income growth excluding markets of 5% to 6%, an efficiency ratio of 60%, a U.S. cards net charge-off range of 4.0% to 4.5%, and a return on tangible common equity goal of 10% to 11%. The bank also said it expects share buybacks this year to exceed 2025 levels under its $30 billion repurchase authorization.

Shares of Citigroup were up 2% Tuesday morning.

Citigroup Inc. delivered robust Q2 results, with revenues up 14% YoY and broad-based segment strength, especially in Banking and Services. The efficiency ratio improved to 57.4%, driving a 61% YoY surge in diluted EPS and strong ROE/ROTCE expansion. Capital returns remain compelling: a 12% dividend hike and a $30 billion buyback program signal confidence in sustained profitability.

Citigroup Inc (NYSE:C) on Tuesday reported second-quarter revenue that topped Wall Street estimates, fueled by strength in fixed income trading and investment banking.

The bank posted revenue of $24.77 billion for the quarter, ahead of analysts' average estimate of $23.74 billion, according to the data provided. Earnings per share came in at $3.15.

Fixed income markets revenue reached $4.71 billion, while equity markets revenue totaled $2.3 billion. Investment banking revenue was $1.55 billion.

Net interest income for the quarter was $17.13 billion.

Citigroup's provision for credit losses was $2.52 billion. The bank's Common Equity Tier 1 capital ratio stood at 12.8%, and return on tangible common equity was 13%.

Analysts at Jefferies said the standout points in the results were net interest income and markets performance, both of which came in well above their forecasts and the broader consensus. Investment banking revenue also beat their expectations, helped by equity and debt underwriting activity. The brokerage noted that expenses of $14.2 billion matched its own forecast but ran higher than the Street had expected, largely because of increased compensation, servicing and deposit insurance costs.

Citigroup management kept its full-year 2026 targets unchanged, according to Jefferies, including net interest income growth excluding markets of 5% to 6%, an efficiency ratio of 60%, a U.S. cards net charge-off range of 4.0% to 4.5%, and a return on tangible common equity goal of 10% to 11%. The bank also said it expects share buybacks this year to exceed 2025 levels under its $30 billion repurchase authorization.

Shares of Citigroup were up 2% Tuesday morning.