On June 10, 2026, Citigroup's shares experienced a notable uptick after President Trump praised the bank and its CEO Jane Fraser on social media, highlighting its performance in the M&A advisory market. At one point, Citigroup shares reached a high of $137.12, reflecting a nearly 1.8% increase.
However, by the end of the trading day, the stock closed down 1%, still outperforming competitors like JPMorgan and Goldman Sachs, as well as the S&P 500. The president's comments referenced an unspecified ranking, as current data from Dealogic indicates that Citigroup ranks fifth in M&A advisory for 2026, trailing behind Goldman Sachs, JPMorgan, Morgan Stanley, and BofA Securities.
Citigroup has advised on 97 deals worth $285.3 billion this year, while Goldman Sachs led with 196 deals totaling $992.3 billion. Despite this, Citigroup's stock has shown strong performance this year, rising 14.3%, compared to the S&P 500's 6.2% gain.
The bank is undergoing a significant turnaround strategy under Fraser, focusing on streamlining operations and targeting high-margin sectors, which has contributed to its stock price increase over the past three years, including a remarkable 70% rise in 2025 alone