Citigroup shares outperform down market after Trump endorsement
The Citibank logo is displayed on a sign at one of its branches in Encinitas, CA, on November 7, 2025.
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citigroup It outperformed the stock market and other major bank stocks on Wednesday after President Donald Trump praised the bank and its CEO, Jane Fraser, in a social media post.
Trump at 9:30 ET Praises Citigroup on Truth Socialwrites: “Wow! CITI ranked No. 1 at the top of the M&A Advisory Market for Value in Q1. Congratulations to Jane F and ALL of her wonderful staff. They worked really hard! HUGE turnaround for CITI!!! Chairman DONALD J. TRUMP”
The chairman’s mandate rose as the stock market opened, and at one point Citigroup shares rose almost 1.8% to $137.12. However, by the end of the day, Citi was down 1%. JPMorgan And Goldman Sachs And S&P 500.
It was not immediately clear which investment banking league ranking President Trump was referring to. So far in 2026, for example, Goldman Sachs, JPMorgan, Morgan Stanley and BofA Securities ahead of Citigroup in latest ranking Global M&A Advisor Rankings On Dealogic, a leading financial analytics platform.
This year, Goldman Sachs was the lead advisor for 196 deals worth a total of $992.3 billion, while Citi was in charge of 97 deals worth $285.3 billion.
In fact, Citigroup has fallen from No. 4 in 2025 to No. 5 in 2026 among leading M&A advisors, according to Dealogic.
Leon Kalvaria, Citigroup’s head of global banking, appeared on Fox Business News earlier Wednesday and was asked about Citi’s position as a lead advisor on energy industry deals. Citi has advised on four deals worth a total of $41.4 billion in the energy sector so far in 2026, according to the Global Data Financial Deals Database.
What’s clear is that Citigroup shares have outperformed the S&P 500 this year, rising 14.3% versus the S&P 500’s gain of 6.2%, according to FactSet data. Against this, Wells Fargo down 12.1%, JPMorgan down 4.1% and Bank of America It decreased by 1% in 2026. Goldman is 13.9% higher and trails Citi as well.
Citigroup is in the midst of a multi-year transformation under Fraser that includes modernizing business units, layoffs and a focus on high-margin markets and services. The stock has risen for three consecutive years after rising more than 70 percent in 2025, nearly 42 percent in 2024 and more than 19 percent in 2023.
