JP Morgan Lifts Citi Target 3.1% to $134 After Q4 Earnings Boost
JP Morgan raised its Citi target price by 3.1% to $134 and kept an Overweight rating following fourth-quarter results. Citi's adjusted net income rose 25.8% to $3.6 billion and EPS climbed 29.1% to $1.73 after excluding a $1.1 billion Russia-unit sale charge.
1. Analyst Upgrade and Target Price Increase
JP Morgan raised its price target on Citi by 3.1% to $134 and maintained an Overweight rating, revising large-cap bank forecasts after reviewing fourth-quarter results.
2. Q4 2025 Adjusted Earnings Results
Excluding a $1.1 billion charge from the Russia-unit sale, Citi’s adjusted net income grew 25.8% year-over-year to $3.6 billion, driving EPS to $1.73, up 29.1%.
3. Loan Growth and Net Interest Income
Gross loans expanded 8.3% to $733.0 billion, with commercial loans up 14% and consumer loans up 3.9%, while net interest income rose 14.1% to $15.7 billion and net interest margin widened 7 basis points to 2.49%.
4. Five Key Bullish Drivers for Bank Stocks
JP Morgan cited five bullish factors for banks: strong economic trends, steady fundamentals, sticky inflation supporting rate stability, a favorable regulatory environment, and increased consolidation within the sector.