Citigroup (C) News Today

Citigroup Inc. (NYSE:C) shares have moved higher today, driven by several bullish analyst actions and strong trading signals, while mixed corporate developments added further context.

• Bank of America raised its price target on Citigroup from $89 to $100 and assigned a “buy” rating, implying roughly 18% upside.
• A BofA analyst highlighted that CEO Jane Fraser’s restructuring is paying off, boosting the bank’s competitiveness.
• Citigroup stock hit a new 12-month high after an analyst upgrade, underscoring improving market sentiment.
• Unusual options activity—122,419 call options traded (26% above average)—points to bullish investor bets on the shares.
• A Morgan Stanley analyst reiterated that Citigroup’s stock price is expected to rise, reinforcing the positive outlook.
• Under Jane Fraser’s leadership, Citigroup’s massive overhaul shows signs of paying off, with higher profit targets and an accelerated share-buyback program.

• Citigroup was named one of six lead book-runners for SBI’s ₹25,000 crore share sale, reflecting its strong investment-banking franchise in India.
• Citi joined Morgan Stanley and others to purchase a 1.6% stake in logistics firm Delhivery for ₹461 crore, highlighting its strategic investing in high-growth markets.
• The firm initiated coverage of Waystar Holding with a buy recommendation, expanding its equity research offerings.
• A Federal Reserve proposal to ease capital requirements for large banks could enhance Citi’s capital flexibility, although this remains an industry-wide development.
• Citi UK’s CEO urged regulators not to push crypto into the shadow banking sector, signaling the bank’s stance on digital-asset policy.

• Wells Fargo hired Citigroup’s Justin Paterson to lead its activism defense practice, marking a notable talent departure for Citi.