RBC cuts Citigroup stock target from USD 150.00 to USD 135.00

Published on 10/16/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi posted USD 23.85 billion revenue in the third quarter, up 8.00 percent. Citigroup stock costs EUR 109.66 on October 16, 2026.

Target revisions and quarterly scale

RBC Capital lowered its Citigroup target from USD 150.00 to USD 135.00 on October 14, 2026.
Third-quarter revenue reached USD 23.85 billion, an 8.00 percent year-over-year increase.
Citigroup stock was trading at EUR 109.66 at 10:41 a.m. CEST at Lang & Schwarz on October 16, 2026.

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Citigroup stock is trading at EUR 109.66 at Lang & Schwarz on October 16, 2026, while analysts have revised their targets after the bank's third-quarter results. According to Benzinga on October 14, 2026, RBC Capital analyst Gerard Cassidy kept an Outperform rating but lowered the target from USD 150.00 to USD 135.00.

Third-quarter results reset expectations

Citigroup reported USD 23.85 billion of revenue for the third quarter of 2026, up 8.00 percent from the same quarter a year earlier. Earnings per share came to USD 2.85, while net income reached USD 5.20 billion, according to Yahoo Finance on October 13, 2026.

The results showed growth across four of Citi's five businesses, with revenue increasing 8.00 percent year over year. Return on tangible common equity reached 11.50 percent, up 180 basis points from a year earlier, according to the same earnings-call record.

What changed across three dated events?

On October 2, 2026, Citigroup announced that it would release third-quarter results on October 13, 2026, with an 11:00 a.m. ET earnings call. On October 13, 2026, revenue reached USD 23.85 billion and earnings per share reached USD 2.85. On October 14, 2026, RBC Capital lowered its target to USD 135.00 from USD 150.00.

Why the target cut matters

The target revision contrasts with the quarter's 8.00 percent revenue growth and USD 2.85 earnings per share. The lower valuation marker suggests that analysts are weighing the earnings improvement against factors affecting the bank's future return profile. Citi's third-quarter return on tangible common equity of 11.50 percent provides the clearest operating measure for that debate.

Euro quote and market value

Citigroup's primary listing is on the NYSE under ticker C. The latest primary-market context showed a USD 206.6 billion market capitalization and a USD 95.00 to USD 147.96 52-week range as of October 15, 2026. In Germany, the Lang & Schwarz quote was EUR 109.66 on October 16, 2026 at 10:41 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Citigroup stock.