Is Citigroup the best big bank stock right now? You could make a case for it.
Is Citigroup the best big bank stock right now?
You could make a case for it.
Investors may be looking at a buy-the-dip moment on Citigroup (C +0.85%) stock after the nation's third-largest bank by total assets posted impressive third-quarter earnings. Despite the blowout results, the stock price dipped in the days following the earnings release. Shares have fallen almost 5% since earnings were released on Oct. 13 to $126 per share, and roughly 13% since their 52-week closing high of $145 per share on June 22.
This presents a buying opportunity for investors, as Citigroup appears to be a good deal for certain types of investors.
All the major banks reported earnings last week, and Citigroup had the best results outside of more investment banking-focused rivals like Goldman Sachs (GS -1.12%).
Citigroup recorded its highest third-quarter revenue in a decade, at $23.8 billion, up 8% year over year. Net interest income rose 14%, offsetting a 4% decline in non-interest fee revenue. It beat estimates of $23.7 billion.
$124.26+$1.05 (+0.85%)
NYSE · As of 4:00 PM ET 10/16/26
Net income increased 37% to $5.2 billion in the third quarter 2026, while earnings per share increased 53% to $2.85 per share. EPS beat estimates of $2.65 per share. On an adjusted basis, excluding a goodwill impairment, EPS was $2.24, up 20%. Earnings were buoyed by sound expense management, as expenses rose just 3%, excluding notable items.
Its efficiency ratio improved to 58.5%, from 64.7% in Q3 2025. Further, its return on tangible common equity (ROTCE) improved 350 basis points year over year to 11.5%. The bank expects to finish the year with ROTCE above its target range and north of 11%.
Averytin News Financial update.