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Citigroup stock dove, reversing earlier gains, after the earnings call raised more questions for investors. The bank’s earnings print beat estimates, but during the earnings call Citi maintained its 10% to 11% full-year return on tangible common equity outlook, an important metric for the industry. Citigroup was the worst performing name within the State Street Financial Select Sector ETF, dragging the ETF back to just above the flatline.

US banks could deliver broad earnings beats as strong capital markets activity, resilient economic conditions and improving wealth management flows support second-half 2026 and fiscal 2027 earnings revisions, Bank of America analysts wrote in a note ahead of the sector’s upcoming earnings...

Citi just trimmed its price target on Lucid Group (NASDAQ:LCID) to $14 from $17, while keeping a Buy rating. Analyst Michael Ward cited the company’s Q1 2026 miss and the withdrawal of its 2026 outlook, but argued the medium-term thesis remains intact. For long-term investors, the price target cut reads as a sobering near-term recalibration ... Citi Cuts Lucid Price Target to $14: Q1 Miss, Pulled Guidance Test the Saudi-Backed EV Maker