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Citigroup Announces Sale of Banamex Stake

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Citigroup Announces Sale of Banamex Stake

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Citigroup ( (C) ) just unveiled an update.

On September 24, 2025, Citigroup Inc. announced that CHPAF Holdings S.A.P.I de C.V., owned by Fernando Chico Pardo and his family, agreed to purchase a 25% equity stake in Grupo Financiero Banamex, S.A. de C.V. for approximately USD 2.3 billion. This transaction, expected to close in the second half of 2026, marks the start of a strategic relationship with Pardo, who will become Chair of Banamex’s Board of Directors. Additionally, Citi reported a non-cash goodwill impairment of USD 726 million due to the transaction, which is capital neutral to the company.

The most recent analyst rating on (C) stock is a Buy with a $112.00 price target. To see the full list of analyst forecasts on Citigroup stock, see the C Stock Forecast page.

Spark’s Take on C Stock

According to Spark, TipRanks’ AI Analyst, C is a Outperform.

Citigroup’s overall stock score reflects strong technical momentum and positive earnings call sentiment, offset by financial challenges such as high leverage and negative cash flows. The fair valuation and strategic initiatives provide a balanced outlook.

To see Spark’s full report on C stock, click here.

More about Citigroup

Average Trading Volume: 14,904,491

Technical Sentiment Signal: Buy

Current Market Cap: $187.1B

For an in-depth examination of C stock, go to TipRanks’ Overview page.

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