Truist Securities Reiterates Buy Rating on Citigroup Inc.
Truist Securities maintains its buy rating for Citigroup with a $158 price target, a 12.89% upside from the current price.
Key Points
- Truist Securities reiterated its buy rating on Citigroup Inc. (NYSE:C) with a $158 price target on June 26, 2026.
- Truist Securities's $158 price target implies 12.89% upside from Citigroup Inc.'s ($C) current $139.96 share price.
- Shares of Citigroup traded near $144.98 on Friday, with a market cap of $247.3 billion and a P/E ratio of 17.9.
- Insiders at Citigroup have been active, with recent sales from key officers and a few small purchases.
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Truist Securities reiterated its buy rating on Citigroup Inc. (NYSE:C) on June 26, 2026, setting a price target of $158. Analyst John McDonald maintained the positive outlook, suggesting confidence in the financial giant's prospects.
Truist Securities vs. the S&P 500
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Citigroup Inc. Stock Up 5.3%
Shares of NYSE:C traded near $144.98 on Friday. Citigroup has a market cap of about $247.3 billion and a P/E ratio of 17.9. The stock has seen a 52-week low of $82.67 and a high of $147.96. Its 50-day moving average stands at $131.06, while the 200-day moving average is $114.29. The company has a beta of 1.115, indicating moderate volatility compared to the market.
$C price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Citigroup reported revenue of $78.73 billion, with a revenue growth of 15.9%. The company achieved a net margin of 20.4% and a return on equity of 7.6%. Earnings per share were $8.09. The next earnings report is scheduled for July 14, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 13.3%. Revenue beat estimates by 83.8%.
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Profit surprise
Operating income missed by 20 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
10 target raises.
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Earnings quality
Gross margin up 3.5 points. Operating margin up 3.8 points. Positive free cash flow.
Earnings Call Summary
Citigroup reported strong first quarter results with 14 percent revenue growth, reaching $44.1 billion, and earnings per share of $3.06 well above the $2.64 consensus. Services business revenues jumped 17 percent and Markets surpassed $7 billion in quarterly revenues for the first time in ten years, with equities up nearly 40 percent. Management stressed the bank is only pursuing organic growth and has no interest in acquisitions, and said 90 percent of their regulatory transformation work is now complete or near completion.
Guidance Management reaffirmed their target of 10 to 11 percent return on equity for the full year 2026. They expect net interest income to grow 5 to 6 percent, and said they will share more detail on capital plans and buybacks at an investor meeting in May.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
The company offers a dividend rate of $2.40, yielding 1.66% with a payout ratio of 29.17%. This provides investors with a steady income stream alongside potential stock appreciation.
Insider Buying and Selling at Citigroup Inc.
Insider activity at Citigroup has been notable. On May 8, 2026, John Cunningham Dugan sold 2,117 shares at an average price of $125.30. Earlier, on April 20, 2026, Chief Client Officer David Livingstone sold 85,180 shares at $132.18. On April 15, 2026, Chief Accounting Officer Nicole Giles and Edward Skyler, Head of Enterprise Services & Public Affairs, sold 12,732 and 25,000 shares respectively. On April 1, 2026, Grace Dailey and Gary Reiner purchased small amounts of shares at $110.99.
Analysts Set New Price Targets
On June 26, 2026, Truist Securities maintained its buy rating on Citigroup with a $158 price target. Wells Fargo also maintained its buy rating, targeting $165 on June 18, 2026. Keefe, Bruyette & Woods held a buy rating with a $153 target on May 8, 2026. Overall, the consensus among 21 analysts is a buy, with a mean target price of $148.02.
About Citigroup Inc.
Citigroup Inc. is a leading financial services company based in New York, NY. It offers a wide range of financial products and services, including consumer banking, corporate and investment banking, and wealth management. The company operates through segments such as Services, Markets, Banking, U.S. Personal Banking, and Wealth, serving clients globally. Under CEO Jane Fraser, Citigroup employs approximately 224,000 people worldwide.
Bottom Line
Truist Securities' reiterated buy rating reflects ongoing confidence in Citigroup's financial health and strategic position. With a strong market presence and diversified offerings, Citigroup remains a key player in the financial services industry. Investors will be watching closely as the company approaches its next earnings release on July 14, 2026.
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