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Citigroup stock rises after Trump praises CEO Jane Fraser and M&A ranking.

Market News
10 Jun 2026
CNBC
View Source
Bullish
pluang ai news

Citigroup shares initially rose nearly 1.8% after former President Donald Trump praised the bank and CEO Jane Fraser for topping M&A advisory rankings in Q1 on social media. Despite the boost, Citi's stock closed down 1%, though it still outperformed the S&P 500 and some major banks this year with a 14.3% gain. Citi is undergoing a turnaround focusing on high-margin services under Fraser's leadership, with the stock rising steadily over the past three years. However, Citi ranks fifth in M&A deals in 2026, behind Goldman Sachs, JPMorgan, Morgan Stanley, and BofA Securities.

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