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Citigroup slides after report firm weighing buying US regional bank

ReutersMar 27, 2026 4:28 PM

Wall Street giant Citigroup's C.N shares fall as much as 4.7%; last down 4% at $107.95

Citi executives have held preliminary discussions in recent months about trying to acquire a major US regional lender to dramatically ramp up deposits, Bloomberg News reports, citing people familiar with the matter

The report added that executives broached the possibility of a takeover during a meeting with US regulators this year

"The suggestion that Citi is planning to buy a regional bank, wealth brokerage - or any other financial services firm - is baseless speculation. At this time, we are solely focused on growing organically by executing our strategy and completing our transformation," Citigroup says

Some of the people noted that executives have also discussed pursuing a brokerage, the report added

21 of 25 brokerages rate stock "buy" or higher and four "hold"; median PT $132.50 - data compiled by LSEG

As of last close, Citi stock down 3.7% YTD

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