President Donald Trump’s endorsement of Citigroup and its CEO boosted the stock briefly, though it closed lower than its intraday high.
Citigroup shares climbed as much as 1.8% to $137.12 in early trading Wednesday after President Donald Trump praised the bank and CEO Jane Fraser on Truth Social. The post highlighted Citigroup’s ranking in M&A advisory by value for Q1, though specifics were unclear.
Despite the endorsement, Citigroup finished the day down 1%, outperforming peers like JPMorgan and Goldman Sachs. Data from Dealogic shows Citigroup ranked fifth in global M&A advisory for 2026, down from fourth in 2025, with $285.3 billion in deal value compared to Goldman Sachs’ $992.3 billion.
The stock’s initial rally faded by market close, reflecting broader sector trends and the bank’s mixed performance in league tables.