Citigroup shares have risen about 2% since the bank reported second-quarter 2026 earnings a month ago, underperforming the S&P 500. The company posted earnings per share of $3.15, beating the Zacks Consensus Estimate of $2.72, with net income of $5.8 billion, up 45.1% year over year. Revenues net of interest expenses rose 14.3% to $24.8 billion, driven by a 12.8% increase in net interest income to $17.1 billion and a 17.7% rise in non-interest revenues to $7.6 billion. Management expects net interest income excluding Markets to increase 5-6% in 2026 and targets a return on tangible common equity of 10-11%. The stock currently carries a Zacks Rank #1 (Strong Buy), with estimates broadly trending upward.
