President Donald Trump posted a message on Truth Social at 9:30 a.m. ET on Wednesday, praising Citigroup and its chief executive, Jane Fraser. The post noted the bank's performance in mergers and acquisitions (M&A) advisory in the first quarter.
Trump wrote, "CITI was ranked Number 1 in topping M&A Advisory Market by Value in Q1. Congratulations to Jane F and ALL of her great people. They've worked really hard!" On Wednesday, its shares reached an intraday high of $137.12, but they closed lower by 1 percent. In 2026, the bank ranked fifth among M&A advisors globally, a decrease from its fourth-place position in 2025.
Goldman Sachs, JPMorgan, Morgan Stanley, and BofA Securities were ranked ahead of the bank in the 2026 Global M&A Advisor Ranking. Goldman Sachs acted as the lead advisor on 196 deals, totaling $992.3 billion in value during 2026. The bank served as the lead advisor on 97 deals in the same year, with a total value of $285.3 billion. It advised on four energy industry deals in 2026, collectively valued at $41.4 billion.
The company's stock has gained 14.3 percent year-to-date in 2026, while the S&P 500 index increased by 6.2 percent during the same period. In contrast, Wells Fargo stock declined by 12.1 percent in 2026, JPMorgan stock declined by 4.1 percent, and Bank of America stock declined by 1 percent. Goldman Sachs stock gained 13.9 percent in 2026. Under chief executive Jane Fraser, the company has been implementing a multiyear restructuring strategy focused on streamlining business units, reducing staff, and prioritizing high-margin markets. Shares increased by nearly 42 percent in 2024 and by more than 70 percent in 2025.
No independent assessment was available for this report.