Citigroup Regulatory Relief Spurs Cautious Optimism as Stock Holds Near $113
Citigroup shares edged 1.2% higher after the OCC terminated a 2024 amendment to its 2020 consent order, signaling regulatory confidence in the bank's improved risk controls. The stock stabilized near $113 in after-hours trading, reflecting measured investor Optimism without immediate aggressive repositioning.
Analysts at Truist and peers raised price targets, with the high-end reaching $123—a bullish signal for Citi's ongoing turnaround. Technical momentum remains positive, though the stock faces resistance NEAR its 52-week highs.
The OCC's decision removes operational constraints imposed during Citi's restructuring phase, effectively reducing a regulatory overhang. Market reaction suggests investors view this as incremental progress rather than a transformative catalyst.
