Citigroup's Breakout Above $80: A Good Buy According to Jim Cramer

Jim Cramer recommends buying Citigroup Inc. (NYSE:C) as it has broken above previous resistance at $80. Cramer prefers Wells Fargo, but believes Citi is a good buy due to its performance. Since Cramer's comment, Citi's stock has risen nearly 39%.

Citigroup Inc. (NYSE:C) has been a subject of interest for investors and analysts alike, with recent developments suggesting a strong performance and positive outlook. Jim Cramer, a prominent financial analyst, recently recommended buying Citigroup stock, citing its break above previous resistance at $80. Since Cramer's comment, Citigroup's stock has risen by nearly 39%.

The primary driver behind Citigroup's recent performance is the dovish commentary from the Federal Reserve and robust fundamentals, as reported by Wellington Management Group LLP and other institutional investors. Wellington Management Group LLP significantly reduced its stake in Citigroup by 66.9%, selling nearly 30,000 shares and holding 14,718 shares valued at approximately $1,045,000 [1]. This reduction, however, is part of a broader trend where institutional investors have been buying and selling shares of Citigroup, with several hedge funds and wealth management firms increasing their positions in the company's stock [1].

Analysts have also been bullish on Citigroup, with several research reports and target price adjustments reflecting this optimism. Piper Sandler, Bank of America, and Wells Fargo & Company have all raised their target prices on Citigroup, with Wells Fargo lifting its target price from $110.00 to $115.00 [1]. Additionally, Citigroup has been the subject of several recent research reports, with analysts giving the stock an "overweight" or "buy" rating [1].

Citigroup's financial performance has been strong, with the company reporting $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.35. The company also announced a quarterly dividend of $0.60 per share, representing a $2.40 annualized dividend and a dividend yield of 2.5% [1]. These financial results, coupled with the positive analyst sentiment, have contributed to Citigroup's stock performance.

In conclusion, Citigroup Inc. (NYSE:C) has shown strong performance and positive analyst sentiment, with Jim Cramer's recommendation and subsequent stock price increase being notable developments. Investors should continue to monitor Citigroup's financial performance and analyst reports for further insights.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-citigroup-inc-c-shares-sold-by-wellington-management-group-llp-2025-09-01/