Citigroup

C

Market cap $221B

Citigroup (C) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

P, UI, JPM, GS and C have been added to the Zacks Rank #1 (Strong Buy) List on July 17, 2026.

So far in the Q2 cycle, several companies, including Micron and Citigroup, have been standouts, whereas preliminary results from IBM have been disappointing.

NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is redeeming, in whole, all $1.5 billion aggregate liquidation preference of 1,500,000 Depositary Shares each representing a 1/25th interest in its 6.250% Fixed Rate/Floating Rate Noncumulative Preferred Stock, Series T (the “Preferred Stock”). The redemption date is August 15, 2026 for the Preferred Stock and related Depositary Shares (the “Redemption Date”). The cash redemption price for each Depositary Share will equal $1,000 and will be paid on Augu.

Do C's strong momentum, restructuring progress and lower valuation make it stand out over WFC after strong Q2 results? Let us find out.

As always, the quarterly earnings were kicked off by the major large-cap money center banks, and as expected they all delivered solid earnings reports.

NEW YORK--(BUSINESS WIRE)--Today, as part of its five-year Blueprint for Housing Opportunity initiative, the Citi Impact Fund announced that it will invest $25 million in companies propelling innovative solutions for housing access, supply and affordability in communities nationwide. These investments will support entrepreneurs and leaders at the forefront of this work, who are leveraging technology to drive innovation across the housing ecosystem — from AI-enabled platforms that help contracto.

US banks look like they are trying to move to the upside, but this is a market that has a lot of external influences.

Wall Street's biggest banks found few reasons to complain this earnings season. Investment bankers were busier than they have been in years, trading desks thrived on volatility and resilient consumers ​kept lending businesses humming.

While we are still in the opening stages of the Q2 reporting cycle, the early results strongly reinforce the robust corporate earnings trend we've been seeing, with the big banks starting off the Q2 earnings season with remarkable momentum.