Citigroup Stock Jumps on Strong Q2 Earnings
Citigroup's stock rose by 1.65 percent to $134.28 on September 25, 2026, following a strong Q2 earnings report.
The bank reported net income of $5.8 billion and earnings per share of $3.15 for the quarter, with revenue increasing by 14 percent year-over-year to $24.8 billion.
Citigroup's expenses rose 5 percent to $14.2 billion, but the company still managed a positive operating leverage and an efficiency ratio below 58 percent.
Goldman Sachs had previously reduced its price target for Citigroup from $175 to $169 while maintaining a Buy rating.