Citigroup Inc. (NYSE:C) is one of the best Goldman Sachs bank stocks. On September 25, Citi shares, valued at $187.7 billion, shot higher after striking a deal to sell a 25% Banamex stake for around $2.3 billion.
TD Cowen reiterated its Hold rating on Citi with a $95 target, noting that the sale is a positive step toward simplifying the company’s model and trimming its worldwide operations.Banamex Stake Sale Pushes Citi (C) Higher, TD Cowen Reiterates Hold Rating
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This sale is part of Citi’s broader push to retreat from legacy international markets, with leadership focusing on its goal of a full Banamex exit.
In spite of the positive momentum, TD Cowen maintains a neutral outlook, cautioning investors that stablecoin adoption under the Genius Act could weigh on Citi’s Services arm.
The bank’s shares have rallied 73.5% in a year, far above the 15% industry median, indicating that recent strength may already factor in good news.
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Banamex Stake Sale Pushes Citi (C) Higher, TD Cowen Reiterates Hold Rating
Published 1 month ago
Oct 1, 2025 at 6:19 PM
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