Citigroup shares outperform down market after Trump endorsement
Citigroup, one of the major players in the banking industry, saw a boost in its stock performance following a social media shoutout from President Donald Trump. In a post on Truth Social, Trump praised Citigroup for being ranked number one in topping M&A Advisory Market by Value in Q1. The president specifically congratulated Citigroup’s CEO Jane Fraser and the entire team for their hard work, dubbing it a “BIG comeback for CITI.”
The timing of Trump’s post coincided with the opening of the stock market, leading to a spike in Citigroup shares, reaching a high of $137.12, up almost 1.8%. However, by the end of the day, Citigroup saw a 1% decrease in its stock value, still outperforming competitors like JPMorgan, Goldman Sachs, and the S&P 500.
While it wasn’t immediately clear which specific investment banking league rankings Trump was referring to, data from Dealogic, a leading financial analytical platform, showed that Citigroup has fallen to number 5 among leading mergers and acquisitions advisors in 2026, down from number 4 in 2025. Despite this, Citigroup has managed to outperform the S&P 500 this year, with a 14.3% increase in stock value compared to the S&P 500’s 6.2% gain.
Under the leadership of CEO Jane Fraser, Citigroup has been undergoing a multiyear turnaround strategy, which includes streamlining business units, job cuts, and a focus on high-margin markets and services. This strategic approach has led to a consistent rise in the stock value of Citigroup over the past three years, with significant increases in 2025, 2024, and 2023.
In a recent interview on Fox Business News, Citigroup’s global chair for banking, Leon Kalvaria, highlighted the bank’s position as the leading advisor on power sector deals, with Citigroup advising on four deals worth a combined $41.4 billion in the energy industry so far in 2026.
Overall, Citigroup’s performance in the stock market and its strategic initiatives under Jane Fraser’s leadership position the bank for continued success in the competitive banking industry.
