Citigroup stock forecast for 2030: Banamex sale and Russia exit fuel $180

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Citi Banamex divestiture and progress

Highlights

Citigroup trades near $115, up over 50% in the past 12 months while trading at approximately 1.05x tangible book value.
Citi stock price could reach $180-220 by 2030 if RoTCE reaches 12-13% and consent orders lift fully, closing the discount to peers.
C sold a 24% Banamex stake for $2.5B, completed Russia exit, and posted $21B adjusted revenue, beating estimates.

Once the deal closes, which is anticipated in 2026 and contingent on antitrust approval in Mexico, Citi will have divested 49% of Banamex. Following this announcement, Citigroup's stock rose by 4% on February 25.

Citigroup price update

Citigroup's stock price today is near $116.19, up 1.6%, as buyers step back in above short-term support. Citi stock is holding above the 50 EMA at $113.78 and well above the 100 EMA at $108.92, keeping the broader uptrend intact. The 20 EMA near $115.01 is now immediate support after the price reclaimed it.

Citi price action (Source: TradingView)

However, the Supertrend sits higher at $121.98, capping upside momentum. A sustained break above $118–$120 could reopen the path toward $124 highs. On the downside, a slip below $113.7 would expose $108.9. Overall, Citigroup's stock price remains constructive but needs a decisive push through $122 to confirm fresh bullish continuation.

Russia exit completes as Q4 earnings beat on an adjusted basis

Citigroup sold its Russia-based unit, AO Citibank, to Renaissance Capital in February 2026. This marked the company's full exit from Russia. The company's earnings for the fourth quarter of 2025 included a $1.2 billion loss before taxes because of this exit.

The company has now paid that fee. Citi has now left or is in the final stages of leaving the vast majority of its 14-market consumer divestiture program. This is because it has left Russia, is winding down operations in China and Korea, and is about to sell its consumer banking business in Poland, which is expected to close by mid-2026.

Q4 2025 reported net income fell 13% year over year to $2.47 billion due to the Russia loss. But excluding the charge, adjusted EPS was $1.81, beating the $1.67 consensus. Adjusted revenue was $21.0 billion, above the $20.72 billion estimate. Net interest income rose 14% to $15.67 billion, roughly $815 million above estimates.

American Airlines card deal targets $1.5B earnings contribution

Citigroup secured the exclusive credit card deal with American Airlines starting January 1, 2026, expected to boost annual earnings by $1.5 billion before interest and taxes by the end of the decade. CEO Fraser highlighted the American Airlines renewal on the Q4 call, calling it a source of major excitement for the cards business in 2026.

Management is targeting a 10-11% return on tangible common equity in 2026 and another year of positive operating leverage. Net interest income excluding Markets is expected to grow 5-6%. The efficiency ratio is targeted at approximately 60% for the full year. The bank is targeting 4-5% revenue CAGR through 2026, $2-2.5 billion in annualized expense savings, and further headcount reductions as part of the 20,000-job elimination program.

Over 80% of transformation programs are now at or near the target state. In December, the OCC removed Article 17 of the consent order, which is a remarkable progress. Additionally, CET1 ratio stood at 13.2% post-Q4, supporting further shareholder returns. Citigroup gave back $17.6 billion in capital through dividends and buybacks in 2025.

Recently, Citigroup rallied from $110 to $115 following the $2.5 billion Banamex stake sale announcement as investors evaluated whether 10-11% RoTCE guidance and American Airlines card economics justify closing the discount to peers trading at 1.5-2.5x tangible book.

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