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Citi’s Profit Surge Meets Market Skepticism | Raleigh News
Citigroup’s Q2 earnings soared with a 45% jump in net income to $5.8 billion, but the market reacted coolly—stocks dipped as investors eyed looming cash outlays for 2026 investments and severance. Despite holding their full-year ROE target steady, Morgan Stanley argues the market’s overreacting, noting much of the spending was already budgeted for 2027-2028. They keep Citi “Overweight” with a $164 price target, calling it their top bank pick, and believe strategic cost shifts—through automation, marketing, and workforce adjustments—could boost future returns. Listen in comfort:Get a discount…
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