Citigroup Shares Hit Post-Crisis High on $4 Billion Buyback Plan

Citigroup Inc. said it intends to repurchase at least $4 billion of its own stock in the current quarter, Chief Financial Officer Mark Mason told analysts on a conference call. The amount exceeds the $3.75 billion the bank bought back in the first half of 2025 and comes on top of a multi-year $20 billion authorization. Mason cited the lender’s strong performance in the Federal Reserve’s latest stress tests as a key factor enabling the larger buyback. The announcement propelled Citigroup shares above $90 for the first time since the 2008 financial crisis, extending a rally that has lifted the stock to its highest level in 17 years. Earlier this month the bank also raised its quarterly dividend to 60 cents a share after comfortably clearing the Fed exam. Chief Executive Officer Jane Fraser said the mergers-and-acquisitions pipeline remains “very good and promising,” adding that the firm is well positioned to keep returning capital while pursuing growth opportunities.