Citigroup Shares Hit $137.12 After Trump Praises Jane Fraser, Then Close Down 1%
Updated
Updated · CNBC · Jun 10
Citigroup Shares Hit $137.12 After Trump Praises Jane Fraser, Then Close Down 1%
2 articles · Updated · CNBC · Jun 10
Summary
Citigroup briefly rose as much as 1.8% to $137.12 after Donald Trump praised the bank and CEO Jane Fraser on Truth Social at the market open, though the stock finished Wednesday down 1%.
That decline still beat JPMorgan, Goldman Sachs and the S&P 500 for the day, extending Citi’s stronger 2026 run with shares up 14.3% versus the index’s 6.2% gain.
Trump cited Citi as No. 1 in Q1 M&A advisory by value, but the ranking was unclear; Dealogic’s 2026 global table places Citi fifth, with 97 deals worth $285.3 billion.
Jane Fraser’s multiyear overhaul — cutting jobs, simplifying businesses and focusing on higher-margin markets — has helped drive three straight annual gains, including a more than 70% jump in 2025.