• Wells Fargo has upgraded Citigroup (NYSE:C) to "Sector Perform," indicating a hold recommendation for investors.
• Citigroup's adjusted EPS rose to $2.24, a 48.3% increase year-over-year, beating the Zacks Consensus Estimate by 17.3%.
• The stock has shown resilience amidst volatility, currently trading at $100.55, with a year's trading range between $55.51 and $105.59.

On October 15, 2025, Wells Fargo updated its grade for Citigroup (NYSE:C) to "Sector Perform," recommending investors to hold the stock. At the time, Citigroup's stock price was $99.84. Citigroup is a major player in the financial services industry, offering a wide range of services including investment banking, consumer banking, and wealth management. It competes with other financial giants like Goldman Sachs and JPMorgan.

Citigroup's recent financial performance has been strong, as highlighted by Business Insider. The company exceeded third-quarter earnings expectations for 2025, driven by significant growth in net interest income and investment banking. The adjusted earnings per share (EPS) rose to $2.24, a 48.3% increase from the previous year, surpassing the Zacks Consensus Estimate by 17.3%. This impressive performance led to a roughly 1% rise in Citigroup's stock during pre-market trading.

The resurgence in dealmaking has positively impacted Citigroup's earnings, as noted by CNBC's Leslie Picker. The bank saw a 17% year-over-year increase in investment banking revenues, particularly in Advisory and Equity Capital Markets. This increase in mergers and acquisitions activity has been a significant factor in the improved financial performance of banks, including Citigroup, during this period.

Despite the positive earnings, Citigroup faced challenges with an 8.7% rise in expenses and a weaker capital position. However, the stock price has shown resilience, currently trading at $100.55, reflecting an increase of approximately 0.71%. The stock has fluctuated between a low of $95.37 and a high of $102.15 during the trading day, with a market capitalization of approximately $185.1 billion.

Citigroup's stock has experienced significant volatility over the past year, reaching a high of $105.59 and a low of $55.51. The trading volume for the day is 2,693,434 shares. As the financial sector continues to benefit from increased dealmaking activity, Citigroup remains a key player in the industry, navigating both opportunities and challenges.