Citigroup shares outperform down market after Trump endorsement
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- President Trump posted on Truth Social praising Citigroup and CEO Jane Fraser, calling the bank a “BIG comeback” and noting a #1 M&A advisory ranking in Q1.
- Citigroup shares rose to $137.12, up nearly 1.8% after the post, but closed the day down 1%, still outperforming peers and the S&P 500.
- Dealogic ranking shows Citigroup fell to #5 among M&A advisors in 2026, down from #4 in 2025, contradicting Trump’s #1 claim.
- Goldman Sachs led 196 deals worth $992.3 billion in 2026, while Citigroup led 97 deals worth $285.3 billion, highlighting a gap in deal volume.
- Leon Kalvaria (Citi’s global chair for banking) told Fox Business the bank advised on four power‑sector deals totaling $41.4 billion in 2026.
- Citigroup stock is up 14.3% YTD, outpacing the S&P 500’s 6.2% gain, continuing a three‑year upward trend under CEO Jane Fraser’s turnaround plan.
Why it matters: The endorsement gave Citi a short‑term price boost, reinforcing its outperformance against the S&P 500 and rivals, while the discrepancy between Trump’s #1 ranking claim and Dealogic’s #5 placement reveals a perception gap that influences future market narratives for investors and analysts.
