JPMorgan cuts Citigroup stock target to USD 147 from USD 149

Published on 10/05/2026 at 11:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 earnings per share hit USD 3.15 versus USD 2.74. Citigroup stock stands at EUR 114.54 on October 5, 2026 after EUR 114.19, plus 0.31 percent.

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Citigroup (ISIN US1729674242) is trading at EUR 114.54 at Lang & Schwarz on October 5, 2026 at 11:34 a.m. CEST, plus 0.31 percent versus the EUR 114.19 prior close. The latest analyst action came on October 2, 2026, when JPMorgan cut its Citigroup price target from USD 149.00 to USD 147.00 while keeping an Overweight rating, according to Markets Insider.

JPMorgan trims target before results

The target reduction came as part of JPMorgan's third-quarter earnings preview. The USD 147.00 target remains above the Lang & Schwarz euro quote, but the currencies and venues are different, so the two prices are not combined into a return calculation.

The company has scheduled its third-quarter 2026 results for October 13, 2026, with the release planned for 8 a.m. ET and the webcast at 11 a.m. ET, according to Citigroup. That date gives the JPMorgan target change a near-term test: the next report will show whether the bank's earnings momentum can support the revised valuation.

Second-quarter figures set the baseline

Citigroup reported USD 3.15 in earnings per share for the second quarter of 2026, above the USD 2.74 consensus estimate, according to MarketBeat. The comparison amounts to a USD 0.41 per-share beat, while second-quarter revenue reached USD 24.77 billion against a USD 23.74 billion consensus estimate.

Revenue was 14.50 percent higher than in the same quarter of the prior year, when earnings per share were USD 1.96, the same MarketBeat report states. For investors, the key question is whether that growth rate carries into the third quarter rather than whether the target cut alone changes the earnings story.

Stock remains below its yearly high

Citigroup's primary listing is the New York Stock Exchange under ticker C. The finance quote shows a USD 93.66 to USD 147.96 52-week range as of October 2, 2026, with a USD 220.4 billion market capitalization. The Lang & Schwarz quote is a separate euro reference for German-market readers.

October 13 is the next test

Citigroup stock was trading at EUR 114.54 at Lang & Schwarz on October 5, 2026 at 11:34 a.m. CEST, up 0.31 percent from the EUR 114.19 prior close. The further course of trading is shown by the continuously updated real-time quote of Citigroup stock.