Citigroup shares rise after Trump praises the bank
Citigroup shares jumped after Trump praised Jane Fraser and the bank’s turnaround See why Citi is outperforming peers as investors watch its M&A momentum
Citigroup shares moved higher on Wednesday after President Donald Trump publicly praised the bank and CEO Jane Fraser in a Truth Social post. The stock briefly reached an intraday high before ending the session lower, though it still held up better than some peers and the broader market.
Trump’s comments highlighted Citi’s recent ranking in M&A advisory by value, but the specific league table he referenced was not immediately clear. Available industry data shows several rivals, including Goldman Sachs and JPMorgan Chase, ahead of Citigroup in 2026 deal rankings.
The bank has outperformed the S&P 500 this year and remains in the middle of a multiyear turnaround under Fraser. That effort has included restructuring the business, reducing costs, and focusing on highermargin operations and services.