Overview

• Oppenheimer’s Chris Kotowski maintained a Buy on Sept. 23 and trimmed Citigroup’s price target to $123 from $124.
• The case rests on improving loan growth, peaked credit‑card losses, strong capital ratios, rising M&A activity, and resilient trading, supporting low‑teens sector earnings growth in 2026.
• Citigroup ranks among Oppenheimer’s preferred large‑cap commercial banks alongside U.S. Bancorp, PNC, and Bank of America, with investment banks like Goldman Sachs and Morgan Stanley seen as richer.
• Jim Cramer calls Citi the cheapest big bank, noting roughly 10.5 times 2026 earnings estimates and projecting about 28% growth next year.
• Citigroup is slated to report before the open on Oct. 14, with consensus expecting Q3 adjusted EPS of $1.90, up about 26% year over year.