WS Investor
18 Jun 2026, 09:14
Citigroup Shares Edge Higher After Wells Fargo Sets $165 Price Target
Citigroup (NYSE: C) shares rose about 1% in premarket trading after Wells Fargo analyst Mike Mayo established a $165 price target and maintained an Overweight rating on the banking giant.
The positive analyst action comes as large U.S. banks continue to benefit from resilient economic conditions, healthy consumer spending, and improving capital market activity. Investors have increasingly focused on the sector's earnings potential as concerns about a sharp economic slowdown have eased in recent months.
Citigroup has been executing a multi-year restructuring strategy aimed at simplifying its global operations, improving profitability, and enhancing shareholder returns. The company has made progress streamlining non-core businesses while focusing resources on higher-return segments, including institutional banking, wealth management, and core consumer operations.
Citigroup (NYSE: C) shares rose about 1% in premarket trading after Wells Fargo analyst Mike Mayo established a $165 price target and maintained an Overweight rating on the banking giant.
The positive analyst action comes as large U.S. banks continue to benefit from resilient economic conditions, healthy consumer spending, and improving capital market activity. Investors have increasingly focused on the sector's earnings potential as concerns about a sharp economic slowdown have eased in recent months.
Citigroup has been executing a multi-year restructuring strategy aimed at simplifying its global operations, improving profitability, and enhancing shareholder returns. The company has made progress streamlining non-core businesses while focusing resources on higher-return segments, including institutional banking, wealth management, and core consumer operations.