TD Cowen resumes Buy coverage of Citigroup stock

Published on 10/12/2026 at 12:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

TD Cowen set a USD 150.00 target on October 8, 2026. Citigroup stock trades at EUR 116.28 on October 12, 2026 before results.

Key points in brief

TD Cowen resumed coverage with a Buy rating and a USD 150.00 price target on October 8, 2026.
Citigroup stock was trading at EUR 116.28 at Lang & Schwarz on October 12, 2026 at 12:04 p.m. CEST.
Citigroup reported adjusted earnings per share of USD 3.15 and revenue of USD 24.77 billion for the second quarter of 2026.
Third-quarter 2026 results are scheduled for October 13, 2026, before the U.S. market opens.

Editorial-Foto des NYSE-Handelsparkets mit Bildschirmcharts und Händlern in blauer Jacke — Citigroup Inc. NYSE-Börsensaal Editorial-Fotografie mit großen Kursbildschirmen Händlern und Flaggen US1729674242 Finanzmarkt, Illustration mit AI erstellt.

Citigroup Inc. (ISIN US1729674242) was trading at EUR 116.28 at Lang & Schwarz on October 12, 2026 at 12:04 p.m. CEST. On October 8, 2026, TD Cowen resumed coverage with a Buy rating and a USD 150.00 price target, according to MarketBeat.

Three dated signals for Citi

On July 14, 2026, Citigroup reported adjusted earnings per share of USD 3.15 and revenue of USD 24.77 billion for the second quarter of 2026, according to MarketBeat. Adjusted earnings per share exceeded the USD 2.74 consensus by USD 0.41, while revenue increased 14.5 percent from the year-earlier quarter.

On October 2, 2026, Citigroup said it would release third-quarter results at approximately 8:00 a.m. ET on October 13, followed by a webcast and conference call at 11:00 a.m. ET. The timing was published in the company's Citigroup release.

What does the target mean for valuation?

TD Cowen's USD 150.00 target stands above the USD 129.64 last price on the New York Stock Exchange on October 9, 2026. The reference is separate from the euro quotation used in this article and does not create a combined daily return figure.

The scheduled report gives investors a defined catalyst: the market will compare third-quarter revenue, earnings per share, net interest income and credit quality with expectations. The second-quarter comparison offers a concrete benchmark, with revenue of USD 24.77 billion and adjusted earnings per share of USD 3.15 already established in the company's latest reported quarter.

Results arrive on October 13

Citigroup's third-quarter results are due on October 13, 2026 at approximately 8:00 a.m. ET, with management's webcast at 11:00 a.m. ET. The bank's official release identifies Citigroup as listed on the New York Stock Exchange under ticker C and describes its businesses as serving institutional clients, wealth-management customers and consumers in more than 180 countries and jurisdictions.

For market context, Citigroup had a market capitalization of USD 222.3 billion and a 52-week range of USD 93.66 to USD 147.96 as of October 9, 2026. The range places the October 9 U.S. close below the yearly high, while the new TD Cowen target provides a separate analyst reference ahead of the report.

Trading reference for German investors

The Lang & Schwarz quote was EUR 116.28 on October 12, 2026 at 12:04 p.m. CEST. The Xetra closing reference required for a percentage comparison was not used, so this article states the live euro price without a daily change.

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