Citigroup Shares Soar 4.84% on Strong Earnings

Citigroup (C) shares surged 4.84% today, reaching their highest level since March 2025, with an intraday gain of 5.88%.

The strategy of buying C shares after they reach a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 17.84%, which is in line with the market performance. However, the strategy underperformed the market in terms of overall return, with a 2.7% difference over the 5-year period. This suggests that while the strategy provided some growth, it may not have been the most optimal approach for maximizing returns in this time frame.

Citigroup's stock price increase can be attributed to several key factors. The company reported earnings per share (EPS) of $1.96 for the previous quarter, surpassing analysts' consensus estimate of $1.84. This strong earnings performance likely boosted investor sentiment and contributed to the stock price increase.

Additionally, Citigroup has received strong buy recommendations from analysts, with an average price target of $88.27. This suggests a potential upside of 23.54% from the current price, further enhancing investor confidence and driving the stock price higher.