On November 7, 2025, the Citibank logo appears on a branch sign in Encinitas, California.
Kevin Carter | Getty Images
Citigroup, along with other big bank stocks, outperformed the broader market on Wednesday after President Donald Trump praised the company and its CEO Jane Fraser in a social media post.
At 9:30 a.m. ET, President Trump praised Citigroup on Truth Social, writing, “Wow! CITI was ranked #1 by value in the M&A advisory market in the first quarter. Congratulations to Jane F. and all her wonderful people. They did a great job! Big turnaround for CITI!!! President Donald J. Trump.”
The president’s post rose just as the stock market opened, with Citigroup shares at one point up nearly 1.8% to a high of $137.12. But by the end of the day, Citi’s decline was only 1%, still lower than JPMorgan, Goldman Sachs, and the S&P 500.
It was not immediately clear which investment banking league ranking Trump was referring to. For example, so far in 2026, Goldman Sachs, JPMorgan, Morgan Stanley, and BofA Securities all rank higher than Citigroup in the latest global M&A advisor rankings from leading financial analytics platform Dealogic.
This year, Goldman Sachs was the lead advisor on 196 transactions worth a total of $992.3 billion, while Citi was the lead advisor on 97 transactions worth $285.3 billion.
In fact, Citigroup fell from fourth place in 2025 to fifth place among major M&A advisors in 2026, according to Dealogic.
Citigroup Banking Global Chair Leon Calvaria appeared on FOX Business News early Wednesday morning and was asked about Citi’s position as a lead advisor on power sector transactions. According to the Global Data Financial Deals Database, Citi has advised on four transactions worth a total of $41.4 billion in the energy industry through 2026.
What’s clear is that Citigroup stock has outperformed the S&P 500 index this year, rising 14.3% versus the S&P 500’s 6.2% gain, according to FactSet data. In comparison, Wells Fargo is down 12.1%, JPMorgan is down 4.1% and Bank of America is down 1% in 2026. Goldman rose 13.9%, again lagging Citi.
Under Fraser, Citigroup is in the midst of a multi-year restructuring that includes streamlining business units, cutting jobs and focusing on higher-margin markets and services. After soaring more than 70% in 2025, the stock price has risen for three consecutive years, rising by about 42% in 2024 and 19% in 2023.
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