Citigroup’s $1.81 Q4 EPS Beats Estimates; Analysts Set $135, $129 Targets
Piper Sandler raised its price target to $135 (23% upside) and kept an Overweight rating after Q4, while Truist Securities maintained a Buy rating with a $129 target. Citigroup reported $1.81 adjusted EPS (12% above consensus) and affirmed a 10–11% ROTCE goal for 2026 with a 60% efficiency ratio.
1. Analyst Ratings and Price Targets
On January 15, Piper Sandler reiterated its Overweight rating on Citigroup and raised the price target from $130 to $135, implying 23% upside. Truist Securities maintained a Buy rating with an unchanged $129 target following the bank’s fourth-quarter report.
2. Q4 Earnings Performance
Citigroup reported GAAP EPS of $1.19 but delivered $1.81 in adjusted earnings, excluding a one-time Russia sale loss, surpassing consensus estimates by 12%. The beat was underpinned by solid provision and pre-provision net revenue performance across its businesses.
3. 2026 Financial Targets and Efficiency
Management reaffirmed a return on tangible common equity target of 10–11% for 2026 and forecasts cost efficiency improvement toward a 60% efficiency ratio. These goals reflect ongoing efforts to enhance profitability and control expenses.