Banamex Stake Sale Pushes Citi (C) Higher, TD Cowen Reiterates Hold Rating

Citigroup Inc. (NYSE:C) is one of the best Goldman Sachs bank stocks. On September 25, Citi shares, valued at $187.7 billion, shot higher after striking a deal to sell a 25% Banamex stake for around $2.3 billion.

TD Cowen reiterated its Hold rating on Citi with a $95 target, noting that the sale is a positive step toward simplifying the company’s model and trimming its worldwide operations.

This sale is part of Citi’s broader push to retreat from legacy international markets, with leadership focusing on its goal of a full Banamex exit.

In spite of the positive momentum, TD Cowen maintains a neutral outlook, cautioning investors that stablecoin adoption under the Genius Act could weigh on Citi’s Services arm.

The bank’s shares have rallied 73.5% in a year, far above the 15% industry median, indicating that recent strength may already factor in good news.

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