Citigroup
Upgrade grade
C
Downgrade grade
B
Citigroup traces its origins back to the First National City Bank, founded in 1812, though it took its current form following the 1998 merger of Citicorp and Travelers Group, creating a financial powerhouse that quickly became synonymous with global banking prominence. As one of the largest financial institutions in the world with operations spanning more than 160 countries, Citigroup commands significant influence in equity research through its extensive analyst network that has generated over 20,000 ratings calls on US equities in our database. The firm's research coverage spans virtually every major sector, though it has built particular strength in financial services, technology, healthcare, and energy, leveraging its relationships across its sprawling institutional banking business to maintain deep access to corporate management. What distinguishes Citigroup's research culture is its integration with one of Wall Street's most active trading platforms, giving its analysts real-time market feedback and allowing them to rapidly synthesize client trading activity into actionable insights, an advantage that has made Citi research both influential and closely watched by quantitative investors seeking edge in execution and timing.
Upgrades
1,468
72.21% win rate
· avg +2.31% D1
Downgrades
1,534
74.19% win rate
· avg -2.82% D1
Avg Gap — Upgrades
+2.16%
open vs prev close
Avg Gap — Downgrades
-2.73%
open vs prev close
Performance by Sector
| Sector | ↑ Win% | ↑ D1 | ↓ Win% | ↓ D1 |
|---|---|---|---|---|
| Financial Services | 71.63% (215) | +1.60% | 69.41% (219) | -1.46% |
| Consumer Cyclical | 72.25% (191) | +2.73% | 70.27% (222) | -2.33% |
| Healthcare | 76.76% (185) | +3.98% | 79.60% (201) | -5.64% |
| Technology | 79.55% (176) | +2.56% | 74.49% (196) | -3.88% |
| Energy | 66.67% (132) | +1.34% | 71.62% (148) | -1.86% |
| Basic Materials | 68.75% (128) | +1.97% | 76.43% (140) | -2.22% |
| Industrials | 69.53% (128) | +1.55% | 69.37% (111) | -2.02% |
| Communication Services | 72.73% (88) | +3.80% | 87.50% (96) | -4.24% |
| Consumer Defensive | 78.41% (88) | +1.88% | 81.71% (82) | -2.99% |
| Real Estate | 61.63% (86) | +0.98% | 70.37% (81) | -0.59% |
| Utilities | 72.73% (44) | +2.79% | 66.67% (33) | -1.91% |
Win Rate by Year
| Year | ↑ Win% | ↑ Calls | ↓ Win% | ↓ Calls |
|---|---|---|---|---|
| 2026 | 72.5% | 51 | 78.7% | 61 |
| 2025 | 69.6% | 158 | 75.6% | 131 |
| 2024 | 71.3% | 122 | 76.3% | 139 |
| 2023 | 69.4% | 111 | 75.5% | 110 |
| 2022 | 65.8% | 73 | 77.2% | 127 |
| 2021 | 81.4% | 102 | 82.5% | 80 |
| 2020 | 70.9% | 151 | 60.5% | 114 |
| 2019 | 75.2% | 105 | 73.9% | 138 |
| 2018 | 67.5% | 117 | 78.8% | 85 |
| 2017 | 75.3% | 93 | 77.0% | 87 |
Recent Calls
| Date | Ticker | Company | Sector | Action | Grade Change | PT | Gap | D1 |
|---|---|---|---|---|---|---|---|---|
| May 20, 2026 | OVV | Ovintiv Inc. | Energy | Upgrade | Neutral → Buy | $70 | — | — |
| May 20, 2026 | CRC | California Resources Corporation | Energy | Upgrade | Neutral → Buy | $78 | — | — |
| May 19, 2026 | IONS | Ionis Pharmaceuticals, Inc. | Healthcare | Initiates | Buy | $115 | +0.3% | +1.8% |
| May 19, 2026 | CYTK | Cytokinetics, Incorporated | Healthcare | Initiates | Buy | $99 | +0.6% | +1.7% |
| May 19, 2026 | BBIO | BridgeBio Pharma, Inc. | Healthcare | Initiates | Neutral | $82 | -1.2% | +1.0% |
| May 19, 2026 | BMRN | BioMarin Pharmaceutical Inc. | Healthcare | Initiates | Buy | $75 | +1.2% | +0.3% |
| May 19, 2026 | ASND | Ascendis Pharma A/S | Healthcare | Initiates | Buy | $355 | +0.1% | +0.1% |
| May 19, 2026 | ALNY | Alnylam Pharmaceuticals, Inc. | Healthcare | Initiates | Buy | $380 | +1.0% | +2.8% |
| May 18, 2026 | INTC | Intel Corporation | Technology | Reiterates | Buy | $130 | +4.3% | -0.6% |
| May 18, 2026 | KRRO | Korro Bio, Inc. | Healthcare | Initiates | Buy | $21 | +1.0% | -2.1% |
| May 18, 2026 | REGN | Regeneron Pharmaceuticals, Inc. | Healthcare | Downgrade | Buy → Neutral | $700 | -11.8% | -9.8% |
| May 18, 2026 | PBA | Pembina Pipeline Corporation | Energy | Downgrade | Buy → Neutral | — | -0.8% | +1.0% |
| May 18, 2026 | INTR | Inter & Co, Inc. | Financial Services | Downgrade | Buy → Neutral | $6 | -1.7% | -0.5% |
| May 15, 2026 | STNE | StoneCo Ltd. | Technology | Downgrade | Buy → Neutral | $11 | +2.9% | -0.9% |
| May 15, 2026 | OPTU | Optimum Communications, Inc. | Communication Services | Downgrade | Neutral → Sell | $0 | -2.5% | -8.5% |
| May 15, 2026 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | Upgrade | Neutral → Buy | $199 | +1.9% | +2.4% |
| May 14, 2026 | WIX | Wix.com Ltd. | Technology | Downgrade | Buy → Neutral | $66 | -0.1% | -4.7% |
| May 14, 2026 | P | Everpure, Inc. | Technology | Downgrade | Buy → Neutral | $90 | -1.7% | -0.7% |
| May 13, 2026 | NEXT | NextDecade Corporation | Energy | Initiates | Buy | $11 | +0.0% | +0.5% |
| May 13, 2026 | MELI | MercadoLibre, Inc. | Consumer Cyclical | Downgrade | Buy → Neutral | $1950 | -2.9% | -1.1% |
| May 13, 2026 | VG | Venture Global, Inc. | Energy | Upgrade | Neutral → Buy | $17 | +1.4% | -2.0% |
| May 12, 2026 | LOW | Lowe's Companies, Inc. | Consumer Cyclical | Upgrade | Neutral → Buy | $285 | +1.3% | -0.7% |
| May 11, 2026 | MAIR | Madison Air Solutions Corporation | Industrials | Initiates | Buy | $49 | +4.7% | +0.1% |
| May 11, 2026 | ARXS | Arxis, Inc. Class A Common Stock | Industrials | Initiates | Buy | $42 | +0.9% | +9.9% |
| May 8, 2026 | HUBS | HubSpot, Inc. | Technology | Downgrade | Buy → Neutral | $230 | -23.7% | -19.0% |