A Citibank emblem is displayed on an indication at certainly one of their branches on Nov. 7, 2025 in Encinitas, CA.
Kevin Carter | Getty Photographs
Citigroup outperformed the broad market in addition to another main financial institution shares Wednesday after President Donald Trump lauded the financial institution and its CEO Jane Fraser in a social media submit.
At 9:30 a.m. ET, Trump praised Citigroup on Fact Social, writing: “Wow! CITI was ranked #1 in topping M&A Advisory Market by Worth in Q1. Congratulations to Jane F and ALL of her nice individuals. They’ve labored actually laborious! BIG comeback for CITI!!! President DONALD J. TRUMP”
The president’s submit went up simply because the inventory market was opening, and at one level Citigroup shares touched a excessive of $137.12, up virtually 1.8%. By the tip of the day, nonetheless, Citi fell 1%, nonetheless lower than JPMorgan and Goldman Sachs and the S&P 500.
It wasn’t instantly clear which funding banking league rankings President Trump was referring to. To date in 2026, for instance, Goldman Sachs, JPMorgan, Morgan Stanley and BofA Securities all rank forward of Citigroup within the newest International M&A Advisor Rating on Dealogic, a number one monetary analytical platform.
Whereas Goldman Sachs was the lead advisor on 196 offers value a mixed $992.3 billion this yr, Citi was the lead on 97 offers value $285.3 billion.
The truth is, in line with Dealogic, Citigroup has fallen to quantity 5 amongst main mergers and acquisitions advisors in 2026, down from quantity 4 in 2025.
Leon Kalvaria, Citigroup’s world chair for banking, appeared on Fox Enterprise Information early Wednesday, the place he was requested about Citi’s place because the main advisor on energy sector offers. Citi suggested on 4 offers value a mixed $41.4 billion within the power trade to date in 2026, in line with International Information Monetary Offers Database.
What is obvious is that Citigroup inventory has outperformed the S&P 500 this yr, climbing 14.3% towards an S&P 500 achieve of 6.2%, in line with FactSet knowledge. In contrast, Wells Fargo is down 12.1%, JPMorgan is decrease by 4.1% and Financial institution of America is off 1% in 2026. Goldman is 13.9% larger, additionally trailing Citi.
Citigroup is within the midst of a multiyear turnaround beneath Fraser, involving streamlining enterprise models, chopping jobs and specializing in high-margin markets and companies. The inventory has risen for 3 straight years after leaping greater than 70% in 2025, virtually 42% in 2024 and 19% in 2023.