Citigroup is close to selling another 24% of its Mexican retail bank Banamex to investors like Blackstone and Televisa leaders, as billionaire Fernando Chico Pardo leads the business. This helps Citi exit retail banking in Mexico.
Citigroup's (C) Q4 2025 profit fell 13% due to Russia exit loss, but investment banking fees surged 35% and adjusted earnings beat estimates as CEO Fraser's turnaround gains traction.
Financial stocks plunge as Trump proposes 10% credit card interest rate cap. Banks and card issuers face potential profitability concerns under new affordability measure.
JPMorgan upgrades Citi to Overweight, citing strong economy, markets, and improved profitability. Price target raised to $124.
Citigroup crushed revenue estimates in Q3 2025 across all major businesses, despite high costs and a loss on the Banamex sale.
Major banks are competing for lead roles in what could be history's largest IPO as Trump administration plans to take Fannie Mae and Freddie Mac public, with Goldman Sachs, JPMorgan, and others vying for position.
