Citigroup Stock Marks Highest Close in Nearly 18 Years -- Barrons.com

Dow Jones05:44

By Janet H. Cho

Citigroup stock closed up at a new 52-week closing high, notching its highest close in nearly 18 years.

The stock closed up 4% at $135.15 on Thursday, its highest close since Nov. 4, 2008, when it closed at $146.80, according to Dow Jones Market Data.

The stock saw its highest percent increase since May 20, and is up 15.8% so far this year, and up 76% over the past 12 months.

Shares traded as high as $135.67 intraday, up 4.4%, and its highest intraday level since Nov. 5, 2008.

On Wednesday, Citi CEO Jane Fraser and Gonzalo Luchetti, the firm's new chief financial officer, told employees in an internal memo that Fraser's chief of staff, Margo Pilic, would be the bank's next head of strategy, mergers and acquisitions, and investor relations.

Rafael Soeda, who has been with Citi since 2010 and was most recently chief operating officer for services, will become Fraser's new chief of staff in August.

As the bank "turns to the next phase of our strategy and growth, broad business exposure and operational experience are important priorities" for her chief of staff, Fraser wrote.

Bank stocks outperformed the broader market on Thursday, after Federal Reserve officials spoke at a House Financial Services Committee hearing. The State Street SPDR S&P Bank ETF rose 3% while the S&P 500 was up 0.4%.

Write to Janet H. Cho at janet.cho@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

June 04, 2026 17:44 ET (21:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Cho \n</p>\n<p>\n  Citigroup stock closed up at a new 52-week closing high, notching its highest close in nearly 18 years. \n</p>\n<p>\n  The stock closed up 4% at $135.15 on Thursday, its highest close since Nov. 4, 2008, when it closed at $146.80, according to Dow Jones Market Data. \n</p>\n<p>\n  The stock saw its highest percent increase since May 20, and is up 15.8% so far this year, and up 76% over the past 12 months. \n</p>\n<p>\n  Shares traded as high as $135.67 intraday, up 4.4%, and its highest intraday level since Nov. 5, 2008. \n</p>\n<p>\n  On Wednesday, Citi CEO Jane Fraser and Gonzalo Luchetti, the firm's new chief financial officer, told employees in an internal memo that Fraser's chief of staff, Margo Pilic, would be the bank's next head of strategy, mergers and acquisitions, and investor relations. \n</p>\n<p>\n  Rafael Soeda, who has been with Citi since 2010 and was most recently chief operating officer for services, will become Fraser's new chief of staff in August. \n</p>\n<p>\n  As the bank \"turns to the next phase of our strategy and growth, broad business exposure and operational experience are important priorities\" for her chief of staff, Fraser wrote. \n</p>\n<p>\n  Bank stocks outperformed the broader market on Thursday, after Federal Reserve officials spoke at a House Financial Services Committee hearing. 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Cho \n\n\n  Citigroup stock closed up at a new 52-week closing high, notching its highest close in nearly 18 years. \n\n\n  The stock closed up 4% at $135.15 on Thursday, its highest close since Nov. 4, 2008, when it closed at $146.80, according to Dow Jones Market Data. \n\n\n  The stock saw its highest percent increase since May 20, and is up 15.8% so far this year, and up 76% over the past 12 months. \n\n\n  Shares traded as high as $135.67 intraday, up 4.4%, and its highest intraday level since Nov. 5, 2008. \n\n\n  On Wednesday, Citi CEO Jane Fraser and Gonzalo Luchetti, the firm's new chief financial officer, told employees in an internal memo that Fraser's chief of staff, Margo Pilic, would be the bank's next head of strategy, mergers and acquisitions, and investor relations. \n\n\n  Rafael Soeda, who has been with Citi since 2010 and was most recently chief operating officer for services, will become Fraser's new chief of staff in August. \n\n\n  As the bank \"turns to the next phase of our strategy and growth, broad business exposure and operational experience are important priorities\" for her chief of staff, Fraser wrote. \n\n\n  Bank stocks outperformed the broader market on Thursday, after Federal Reserve officials spoke at a House Financial Services Committee hearing. The State Street SPDR S&P Bank ETF rose 3% while the S&P 500 was up 0.4%. \n\n\n  Write to Janet H. Cho at janet.cho@dowjones.com \n\n\n   This content was created by Barron's, which is operated by Dow Jones & Co. 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