Citigroup Inc. (C) is set to report fourth-quarter earnings before the market opens on Wednesday, Jan. 14, 2025, and Wall Street is expecting solid improvement from the New York-based banking giant.
Analysts are forecasting earnings of $1.62 per share for the quarter, representing a significant jump from the $1.35 per share Citigroup posted in the same period last year. On the revenue side, the consensus estimate sits at $20.45 billion, up from $19.58 billion a year earlier, according to data from market intelligence sources.
The optimism surrounding Citigroup's upcoming results is reflected in recent analyst activity. Several of the most accurate analysts covering the stock have been raising their price targets heading into the earnings call, suggesting growing confidence in the bank's trajectory.
Here's what the top-rated analysts are saying about Citigroup:
Goldman Sachs analyst Richard Ramsden, who maintains a 72% accuracy rate, kept his Buy rating and bumped his price target from $113 to $127 on Jan. 6, 2026. Truist Securities analyst John McDonald, boasting a 78% accuracy rate, also maintained a Buy rating while lifting his target from $123 to $129 on the same day.
Wells Fargo analyst Mike Mayo, with a 73% accuracy rate, maintained an Overweight rating and raised his price target from $125 to $150 on Jan. 5, 2026. That's the most bullish target of the group. Barclays analyst Jason Goldberg, who has a 63% accuracy rate, also maintained an Overweight rating and increased his target from $115 to $146 on Jan. 5, 2026.
Rounding out the recent upgrades, Piper Sandler analyst Scott Siefers maintained an Overweight rating and raised his price target from $120 to $130 on Dec. 30, 2025. Siefers has a 75% accuracy rate.
Beyond earnings expectations, Citigroup recently closed a chapter on its international operations. On Dec. 29, the bank announced that its board approved a plan to sell AO Citibank, completing its exit from remaining operations in Russia. The move marks the final step in unwinding the bank's presence in the country.
Citigroup shares dipped 0.6% to close at $120.60 on Thursday, ahead of next week's earnings release.