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 | 73.1% | 67 | 74.0% | 77 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Jul 1, 2026 | LMT | Lockheed Martin Corporation | Industrials | Upgrade | Neutral → Buy | $582 | +1.5% | +2.4% |
| Jun 30, 2026 | TFC | Truist Financial Corporation | Financial Services | Downgrade | Buy → Neutral | $54 | -1.1% | -1.5% |
| Jun 30, 2026 | BKU | BankUnited, Inc. | Financial Services | Downgrade | Neutral → Sell | $45 | -2.0% | +0.1% |
| Jun 30, 2026 | TCBI | Texas Capital Bancshares, Inc. | Financial Services | Upgrade | Sell → Neutral | $105 | +0.9% | +0.5% |
| Jun 29, 2026 | WULF | TeraWulf Inc. | Financial Services | Initiates | Buy | $36 | +2.9% | -1.0% |
| Jun 29, 2026 | SSMR | — | — | Initiates | Buy | $18 | +1.3% | +0.0% |
| Jun 29, 2026 | INIO | — | — | Initiates | Neutral | $42 | +5.3% | +2.8% |
| Jun 26, 2026 | BDC | Belden Inc. | Technology | Initiates | Buy | $150 | -0.1% | -1.5% |
| Jun 26, 2026 | BAK | Braskem S.A. | Basic Materials | Downgrade | Neutral → Sell | — | -6.0% | -7.1% |
| Jun 26, 2026 | ALGT | Allegiant Travel Company | Industrials | Upgrade | Neutral → Buy | $156 | +0.9% | +5.5% |
| Jun 25, 2026 | LRLCY | — | — | Upgrade | Neutral → Buy | — | +0.6% | +0.3% |
| Jun 24, 2026 | ECL | Ecolab Inc. | Basic Materials | Reiterates | Buy | $330 | +1.5% | +2.8% |
| Jun 24, 2026 | MAC | The Macerich Company | Real Estate | Upgrade | Neutral → Buy | $28 | +2.4% | +4.2% |
| Jun 23, 2026 | SBRA | Sabra Health Care REIT, Inc. | Real Estate | Downgrade | Buy → Neutral | $19 | -1.0% | +2.0% |
| Jun 23, 2026 | AHR | American Healthcare REIT, Inc. | Real Estate | Upgrade | Neutral → Buy | $55 | +1.8% | +3.2% |
| Jun 18, 2026 | COST | Costco Wholesale Corporation | Consumer Defensive | Reiterates | Neutral | $1020 | -0.3% | -1.5% |
| Jun 18, 2026 | ALB | Albemarle Corporation | Basic Materials | Upgrade | Neutral → Buy | $225 | +0.6% | -3.7% |
| Jun 17, 2026 | MU | Micron Technology, Inc. | Technology | Reiterates | Buy | $1200 | +4.0% | +2.2% |
| Jun 17, 2026 | FIG | Figma, Inc. | Technology | Initiates | Buy | $36 | +5.4% | +3.7% |
| Jun 15, 2026 | AME | AMETEK, Inc. | Industrials | Initiates | Neutral | $257 | +0.9% | +1.5% |
| Jun 15, 2026 | SAIA | Saia, Inc. | Industrials | Downgrade | Buy → Neutral | $524 | +0.0% | -1.8% |
| Jun 15, 2026 | ODFL | Old Dominion Freight Line, Inc. | Industrials | Downgrade | Neutral → Sell | $228 | -1.0% | -3.4% |
| Jun 15, 2026 | NU | Nu Holdings Ltd. | Financial Services | Downgrade | Buy → Neutral | $13 | +1.2% | +2.0% |
| Jun 15, 2026 | KNX | Knight-Swift Transportation Holdings Inc. | Industrials | Downgrade | Buy → Neutral | $90 | -0.8% | -2.8% |
| Jun 15, 2026 | CHRW | C.H. Robinson Worldwide, Inc. | Industrials | Downgrade | Buy → Neutral | $199 | -0.8% | -1.8% |