Citigroup stock rises 3% as earnings hangover fades and price targets climb
Citigroup shares rose 3.3% to $116.11 Thursday after fourth-quarter net income hit $2.5 billion on $19.9 billion revenue, including a $1.2 billion Russia-related loss. Investment banking fees jumped 35%. CEO Jane Fraser warned a proposed U.S. credit-card rate cap could limit credit access. Investors await Citi’s next earnings call on April 14.