Citigroup stock rises 1.65 percent on stronger Q2 earnings

Published on 09/28/2026 at 12:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citigroup stock delivered USD 24.8 billion of second-quarter revenue and USD 3.15 adjusted EPS on September 2, 2026. Goldman Sachs targets USD 169 after cutting from USD 175.

Fotorealistisches Luftbild des New Yorker Finanzviertels bei Sonnenaufgang — Citigroup Inc. zeigt globales Bankenzentrum Manhattan Skyline bei goldenem Sonnenaufgang über dem Finanzdistrikt US1729674242, Illustration mit AI erstellt.

Citigroup stock (ISIN US1729674242) rose 1.65 percent to USD 134.28 on the NYSE on September 25, 2026, after the bank reported second-quarter net income of USD 5.8 billion and earnings per share of USD 3.15. The earnings profile gives the recent share move a firm operating backdrop, even as Goldman Sachs reduced its price target.

Revenue climbed 14 percent

Citigroup generated USD 24.8 billion of revenue in Q2/2026, up 14 percent year over year, according to AlphaStreet on September 2, 2026. Net income increased 45 percent to USD 5.8 billion, while return on tangible common equity reached 13 percent, compared with 8.7 percent in the year-earlier quarter.

The comparison matters because revenue growth exceeded expense growth in the quarter. Citigroup said expenses rose 5 percent to USD 14.2 billion, producing positive operating leverage and an efficiency ratio below 58 percent, according to AlphaStreet.

Goldman Sachs lowers target

On September 16, 2026, Goldman Sachs cut its Citigroup price target from USD 175 to USD 169 while keeping a Buy rating, as reported by MarketScreener. The revised target stands 25.85 percent above the September 25 price of USD 134.28, leaving the analyst view focused on continued earnings delivery rather than a single-quarter result.

The bank also reported a 12.8 percent CET1 ratio in Q2/2026, 120 basis points above its 11.6 percent regulatory requirement. Management said the quarterly common stock dividend was planned to increase by 12 percent beginning in the third quarter, subject to board approval.

Next results arrive October 13

Barchart lists October 13, 2026, before the market opens, as Citigroup's next earnings date. That report will test whether the bank can extend the Q2 combination of 14 percent revenue growth, 45 percent net-income growth and a 13 percent return on tangible common equity.

Stock remains below yearly high

Citigroup stock was at USD 134.28 on the NYSE on September 25, 2026, with a 52-week range of USD 93.66 to USD 147.96. The price stood 9.25 percent below the 52-week high, while market capitalization was USD 230.3 billion and session volume was 8,001,301 shares.