New York, January 5, 2026, 19:21 ET — After-hours
- Citigroup shares closed up nearly 4% at a new 52-week high as bank stocks led Wall Street higher.
- Barclays lifted its Citi price target as analysts recalibrated big-bank outlooks for 2026.
- Traders now eye U.S. jobs and inflation data before Citi reports quarterly results next week.
Citigroup Inc (C.N) shares rose 3.9% to close at $123.30 on Monday and were last little changed in after-hours trading. The move set a new 52-week high, topping the prior peak of $122.84 set on Dec. 24. JPMorgan Chase (JPM.N) gained 2.6%, Bank of America (BAC.N) rose 1.7% and Wells Fargo (WFC.N) added 1.2%, while Citi’s trading volume of 17.8 million shares topped its 50-day average of 12.4 million. Marketwatch
The bank’s push to a fresh high comes as investors rotate toward financials ahead of a busy stretch of quarterly reports. For Citi, the rally raises the stakes for any update on margins, credit trends and cost discipline.
The S&P 500 financials index jumped 2.2% on Monday, and analysts on average expect financial companies in the index to grow earnings 6.7% from a year earlier in the December quarter. “The mood has been favoring financial stocks in recent days,” said Steve Sosnick, chief market analyst at Interactive Brokers. Wall Street’s broader rally was helped by a risk-on shift after a U.S. military strike captured Venezuelan President Nicolas Maduro, while markets are pricing about 60 basis points of Federal Reserve easing this year, according to LSEG — a basis point is one hundredth of a percentage point. Reuters
Analyst calls also turned more supportive. Barclays analyst Jason Goldberg raised the firm’s price target on Citi to $146 from $115 and kept an “Overweight” rating — a call that the stock should outperform its sector — according to TheFly. Tipranks
Citi said it will release fourth-quarter results at about 8 a.m. ET on Wednesday, Jan. 14, followed by a webcast and conference call at 11 a.m. ET. Citigroup
Investors will be listening for detail on net interest income — the gap between what a bank earns on loans and pays on deposits — as rate expectations shift and competition for deposits stays in focus. They will also be watching credit-loss provisions, investment-banking fee trends and any signal on capital returns.
Rate-cut bets are a double-edged driver for big banks. They can narrow lending spreads over time, but they can also lower funding costs and influence markets activity and dealmaking, which feed into trading and advisory revenue.
But the rally leaves less room for disappointment. Any sign of softer loan demand, a turn in consumer credit performance, or a stickier expense base could trigger profit-taking after the run to a new high.
Next up is Friday’s U.S. nonfarm payrolls report (Jan. 9), followed by the December consumer price index on Jan. 13, before Citi’s earnings on Jan. 14. Bls
