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
1,470
72.11% 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 | 65.67% (134) | +1.30% | 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 | 71.4% | 84 | 73.9% | 92 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Aug 18, 2026 | BBWI | Bath & Body Works, Inc. | Consumer Cyclical | Upgrade | Neutral → Buy | $25 | +3.9% | +6.5% |
| Aug 17, 2026 | UMGNF | — | — | Reiterates | Buy | — | +1.6% | -3.1% |
| Aug 17, 2026 | FSS | Federal Signal Corporation | Industrials | Initiates | Buy | $150 | +1.0% | +0.2% |
| Aug 13, 2026 | ESTA | Establishment Labs Holdings Inc. | Healthcare | Upgrade | Neutral → Buy | $92 | +2.6% | +0.0% |
| Aug 13, 2026 | SBSW | Sibanye Stillwater Limited | Basic Materials | Upgrade | Neutral → Buy | $14 | -1.5% | -2.1% |
| Aug 11, 2026 | MBGL | — | — | Initiates | Neutral | $23 | -1.4% | +1.9% |
| Aug 11, 2026 | ALL | The Allstate Corporation | Financial Services | Downgrade | Neutral → Sell | $240 | -1.0% | -2.8% |
| Aug 11, 2026 | ACH | Accendra Health, Inc. | Healthcare | Downgrade | Buy → Neutral | $2 | -1.4% | -10.0% |
| Aug 11, 2026 | EVH | Evolent Health, Inc. | Healthcare | Upgrade | Neutral → Buy | $6 | +5.1% | +4.3% |
| Aug 11, 2026 | P | Everpure, Inc. | Technology | Upgrade | Neutral → Buy | $118 | +7.8% | +11.6% |
| Aug 11, 2026 | AGL | Agilon Health, Inc. | Healthcare | Upgrade | Sell → Neutral | $115 | +3.7% | -10.7% |
| Aug 7, 2026 | JBLU | JetBlue Airways Corporation | Industrials | Downgrade | Neutral → Sell | $5 | -1.8% | -1.9% |
| Aug 7, 2026 | FLUT | Flutter Entertainment plc | Consumer Cyclical | Upgrade | Sell → Neutral | $93 | +1.5% | +1.9% |
| Aug 5, 2026 | PINS | Pinterest, Inc. | Communication Services | Reiterates | Neutral | $27 | -6.3% | -8.7% |
| Aug 3, 2026 | WTW | Willis Towers Watson Public Limited Company | Financial Services | Downgrade | Buy → Neutral | — | +0.1% | +1.7% |
| Jul 31, 2026 | AMZN | Amazon.com, Inc. | Consumer Cyclical | Reiterates | Buy | $350 | +12.5% | +15.3% |
| Jul 31, 2026 | BAX | Baxter International Inc. | Healthcare | Upgrade | Sell → Neutral | $28 | +0.6% | -2.2% |
| Jul 31, 2026 | TBBB | BBB Foods Inc. | Consumer Defensive | Initiates | Buy | $49 | +1.4% | +2.8% |
| Jul 30, 2026 | SBUX | Starbucks Corporation | Consumer Cyclical | Reiterates | Neutral | $112 | +3.0% | +1.6% |
| Jul 29, 2026 | KO | The Coca-Cola Company | Consumer Defensive | Reiterates | Buy | $100 | +0.4% | +0.9% |
| Jul 29, 2026 | BRO | Brown & Brown, Inc. | Financial Services | Downgrade | Buy → Neutral | $79 | -1.6% | +1.7% |
| Jul 29, 2026 | F | Ford Motor Company | Consumer Cyclical | Upgrade | Neutral → Buy | $20 | +4.1% | +2.1% |
| Jul 27, 2026 | SECZ | — | — | Initiates | Buy | $10 | +3.1% | -7.9% |
| Jul 27, 2026 | ITG | — | — | Initiates | Buy | $17 | +4.6% | -3.0% |
| Jul 27, 2026 | ACI | Albertsons Companies, Inc. | Consumer Defensive | Downgrade | Buy → Neutral | $11 | +0.2% | +3.1% |