JPMorgan cuts target for Citigroup stock from USD 149.00 to USD 147.00

Published on 10/06/2026 at 12:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan kept an overweight rating on October 2, 2026. Citigroup stock costs EUR 114.89 after EUR 114.61, plus 0.24 percent on October 6, 2026.

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Citigroup Inc. (ISIN US1729674242) was trading at EUR 114.89 at Lang & Schwarz on October 6, 2026 at 12:01 p.m. CEST, up 0.24 percent from the prior close of EUR 114.61. JPMorgan cut its Citigroup price target from USD 149.00 to USD 147.00 while keeping an overweight rating in a research note dated October 2, 2026, according to Aktiencheck.

JPMorgan trims its target

The target reduction leaves JPMorgan's USD 147.00 view 1.37 percent above the Lang & Schwarz price when compared across currencies only as separate market context, so the distance is not used as a return calculation. The rating change matters more than the small euro-session move because it gives investors a dated benchmark ahead of Citigroup's next results.

The report said large-bank shares were trading about 15 percent below their 52-week highs amid concerns about inflation and the effect of artificial intelligence tools on deposit costs. That sector context frames the target cut, but it does not change Citigroup's own euro reference price.

Second-quarter figures set the bar

Citigroup generated USD 24.77 billion in revenue during the second quarter of 2026, up 14.50 percent from the same period a year earlier, while adjusted earnings per share reached USD 3.15. Investing.com reported that the earnings figure exceeded its forecast of USD 2.73 and that revenue topped its forecast of USD 23.66 billion.

Net income reached USD 5.80 billion in the second quarter of 2026, while return on tangible common equity was 13.00 percent, according to the same earnings summary. The combination of revenue growth and profitability gives the October report a clear comparison point against the USD 2.65 earnings-per-share consensus and USD 23.70 billion revenue estimate cited for the third quarter.

Results date sets the next test

Citigroup is projected to release its third-quarter 2026 results before the market opens on October 13, 2026, with a conference call scheduled for 11:00 a.m. ET, according to MarketBeat. The estimates place the emphasis on whether revenue can remain above USD 23.70 billion while earnings per share stays near USD 2.65.

Citigroup's market capitalization was USD 220.5 billion as of October 5, 2026, and its 52-week range was USD 93.66 to USD 147.96. The Lang & Schwarz price therefore stood 22.35 percent below the documented 52-week high, using the separate USD range only as an exchange-specific reference.

Citigroup stock stays below its high

Citigroup's reference price was EUR 114.89 at Lang & Schwarz on October 6, 2026 at 12:01 p.m. CEST, compared with a prior close of EUR 114.61 and a daily gain of 0.24 percent. The further course of trading is shown by the continuously updated real-time quote of Citigroup stock.