Citigroup (C) News Today

Below is a summary of recent Citigroup Inc. (NYSE: C) developments that may be influencing its stock price moves today:

• Positive Sentiment: Analysts at Wells Fargo & Company raised their price target on Citigroup from $115 to $125 and maintained an “overweight” rating, implying roughly 24% upside from current levels. Benzinga The Fly
• Positive Sentiment: Zacks highlighted Citigroup’s ongoing cost-cutting drive—spanning automation initiatives and a streamlined structure—as a catalyst for stronger, more sustainable returns. Zacks – Cost-Cutting Drive
• Positive Sentiment: Citigroup touched a new 52-week high of $99.70 before closing near $99.44, underscoring bullish momentum. Zacks – 52-Week High
• Positive Sentiment: August credit card delinquencies at Citigroup declined, pointing to improved borrower quality. Zacks – Card Delinquencies
• Neutral Sentiment: Citigroup plans to invest $1.5 billion to revamp its Canary Wharf tower in London as part of a broader office modernization effort. Economic Times – Canary Wharf Investment
• Neutral Sentiment: Citigroup named Lee Lung Nien as its Singapore Country Officer and Banking Head, filling a key leadership role in Asia. Bloomberg – Singapore Country Head
• Neutral Sentiment: Zacks compared Citigroup’s year-to-date performance against its finance peers, providing context but no clear directional signal. Zacks – Sector Comparison
• Neutral Sentiment: Citigroup’s research team set a year-end Ethereum price target of $4,300, citing growing institutional demand for Ethereum use cases. Reuters – Ethereum Forecast
• Neutral Sentiment: Another Citigroup report painted a more cautious ether outlook, predicting a potential drop to $2,200 by year-end based on market sentiment. CoinGape – Ether Crash Prediction
• Negative Sentiment: While delinquencies fell, Citigroup saw an uptick in credit card charge-offs in August, which could weigh on losses and provisions. Zacks – Charge-Offs Increase