Citigroup Stock Hits 18-Year High, Up 4% on Fed Optimism

C0.63%
SPX-10.31%
BAC0.63%
Yesterday (June 4), Citigroup (C) stock surged 4% to $135.15, marking its highest close since November 2008, as U.S. bank stocks rallied broadly on positive signals from Federal Reserve officials. Citigroup intraday reached $135.67, its highest level in nearly 18 years, amid market confidence in CEO Jane Fraser's ongoing restructuring efforts. The SPDR S&P Bank ETF (KBE-US) rose about 3%, outpacing the S&P 500's 0.4% gain, while major peers including JPMorgan Chase, Bank of America, and Goldman Sachs also advanced.
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