New York, January 6, 2026, 11:48 EST — Regular session
Citigroup (C.N) shares were up 0.1% at $123.42 in late-morning trade on Tuesday, after moving between $122.25 and $124.09 earlier in the session. Barclays analyst Jason Goldberg raised his price target on Citi — a forecast for the share price — to $146 from $115 and kept an Overweight rating, writing that “the trends that drove double-digit earnings growth” should carry into 2026. TipRanks
The stock’s pause comes as Wall Street extends a new-year rally and investors pivot to this week’s U.S. data and the start of quarterly reports for large banks. Shifts in rate expectations can quickly change how investors value lenders. Reuters
Friday’s U.S. Employment Situation report is due at 8:30 a.m. ET, according to the Labor Department. Traders have leaned more dovish after Minneapolis Fed President Neel Kashkari pointed to easing inflation and a possible rise in unemployment as reasons to cut rates, with markets pricing at least two cuts this year. Bureau of Labor Statistics
Citi jumped 3.88% on Monday to close at $123.30, marking a second straight gain and a new 52-week high. JPMorgan rose 2.63%, Bank of America gained 1.68% and Wells Fargo added 1.24%, while Citi’s volume hit 17.8 million shares, above its 50-day average of 12.4 million. Marketwatch
In a separate regulatory filing on Tuesday, Citigroup Global Markets Holdings filed a prospectus supplement for a structured note offering backed by Citigroup, SEC records show. SEC
Analysts expect Citi to earn about $1.77 per share on revenue of roughly $21.0 billion in the fourth quarter, according to MarketBeat estimates. Investors will also watch the bank’s capital position and any change to its targets for 2026. MarketBeat
Focus is likely to fall on trading and investment-banking fees as well as expenses, after the lender’s reorganization. Net interest income, the spread between what a bank earns on loans and pays on deposits, can swing with rate moves.
But one-offs could muddy the picture: in late December, Citi said the planned sale of its remaining Russia operations would result in a pre-tax loss on sale for the fourth quarter, largely tied to currency translation adjustments — an accounting effect from converting foreign assets into dollars. Citi said the loss would be capital neutral to its common equity tier 1 ratio, a key measure of capital strength. Citi
Bank earnings season begins next week, with JPMorgan Chase slated to report on Jan. 13 before other large lenders follow. Traders often use the early read on loan growth, credit costs and trading revenue to reset expectations for the group. Yahoo Finance
Citi said it will release its fourth-quarter results at about 8 a.m. ET on Wednesday, Jan. 14, and hold a webcast and conference call at 11 a.m. ET. The update is the next catalyst for Citi shares, with investors looking for guidance on expenses and the rate backdrop. Citi
